Metallurgy news

• Metinvest keeps afloat despite alarming situation in Ukraine Metinvest Group does not stop its work even in connection with the difficult situation in the east of Ukraine. The company supplies raw materials to its divisions and ships finished products to customers. Metinvest's logistics specialists, together with Ukrzyliznytsya, organized an operations... 12.08.2014  13:51

• Kobe Steel and Angang Steel to jointly produce steel for the automotive industry Kobe Steel Limited and Angang Steel have formed a joint venture company Kobelco Angang Auto Steel Company Limited in China, which, on August 1, began operations to manufacture and sell advanced high strength cold rolled steel sheet for automobile manufacturing. The two parent companies signed an... 12.08.2014  12:01

• Arcelor Mittal Increases Forecast for Global Steel Demand Growth The world's leading steel producer, Arcelor Mittal, has increased its forecasts for global consumption of Glo steel. The company expects global steel consumption to be 3-3.5 percent higher in 2014 as the US and EU regions show positive developments, said Lakshmi Mittal, the company's chairman and... 12.08.2014  10:35

• Limited influx of aluminum in Q3 2014 supports price increases - FastMarkets The quarterly analysis and forecast of the situation on the aluminum market, published by FastMarkets and Sucden Financial, indicate that during the third quarter of this year, the growth of prices for aluminum continues, which is mainly due to the limitation of metal supplies. According to the... 12.08.2014  09:55

• A new metallurgical plant will be built in the Irkutsk region The Vtorchermet company became one of the initiators of the construction of a plant in Eastern Siberia by investing its own funds. At the same time, it is envisaged to attract credit funds and financial support from the local budget. The regional government promoted the inclusion of the project in... 11.08.2014  15:09

• Vale plans to expand its fleet to increase shipments of iron ore One of Brazil's largest iron ore producers, Vale, plans to buy new ships to double its iron ore shipments to China over the next five years. Vale's head of marketing, Jose Carlos Martin, said that with the increase in iron ore exports, from a financial point of view, the company should have hired... 11.08.2014  13:36

• Tata Steel has ambitious profit plans Since the 2009 recession, Tata Steel's Europe, which used to be the company's main source of revenue, has significantly reduced its revenues. Due to the losses caused by the economic crisis, the company is working to strengthen its image by conducting a wide advertising campaign, and plans to buy... 11.08.2014  12:45

• US Steel Exports Rise Slightly During June The US Steel Institute for International Operations (AIIS) said in a statement that US Steel exports rose 0.5 percent in June 2014 from the previous month. At the same time, exports to the countries of NAFTA trading partners (Canada and Mexico) slightly decreased. At the same time, the total... 11.08.2014  11:42

• Novelis raises prices for aluminum products Novelis, a leading manufacturer of rolled aluminum products, announced a price increase for automotive sheets and specialty aluminum products in North America. The revised prices will apply for all new orders, added a Novelis spokesman. However, all existing orders are subject to clear agreements... 10.08.2014  14:25

• Thai producers seek to tame rising prices for hot rolled coils The Steel Pipe and Cold Forging Association has called on the government to intervene in the pricing of hot rolled steel coils to stop the price rise in the country. According to the Association, prices for hot rolled products have risen by almost 20 percent since high tariffs were introduced... 10.08.2014  13:55