Metallurgy news

• Baosteel will not increase metal prices The leading Chinese metallurgical company Baoshan Iron and Steel (Baosteel) will not increase steel prices in November 2013. This is stated in the company's statement. Baosteel will leave the same prices for hot -rolled and cold carbon steel in rolls in November. Nevertheless, according to... 11.10.2013  15:32

• A turbiate handed over the second working wheel for the hydraulic turbine in India In accordance with the contract signed at the beginning of this year, Turboat OJSC will produce three working wheels with thirteen blades, 2.65 meters in diameter and a weight of 12 tons each for a hydroelectric power station of 93 metro Watt “Turian” under construction in India. This was reported b... 11.10.2013  11:59

• Rinl increased revenue in September by 34 percent Rashtriya Ispat Nigam, the largest steel company in the world of the public sector of India, said that with 63 percent of the growth of volumes of sales, 34 percent to 12.22 billion rupees in September increased. The official representative of the company said that "the revenue from the... 11.10.2013  11:35

• Thyssenkrupp Steel Europe introduces Quintiq software platforms Quintiq, the world leader in the field of supply and optimization of the production chain, announced that the Thyssenkrupp Steel Europe AG (TKSE) will use the QUINTIQ platform to accelerate customer orders to increase performance. TKSE is one of the world leaders in the technology of flat... 11.10.2013  10:34

• Steel consumption in India this year will increase by 3.4 percent, in the following - by 5.6 percent According to the Economic Times, the volume of metal products consumption in India will grow by 3.4 percent in 2013, to 74 million tons. The rates of Indian growth will be slightly higher than the global, declared by the World Steel Association (WorldSteel) at 3.1 percent, up to 1 billion 740... 11.10.2013  09:28

• German Consul hopes that Zaporizhstal will begin to cooperate with German companies On October 9, the Zaporizhstal Metallurgical Plant Metinvest was visited by a delegation from Germany, headed by the consul of the republic, Detlef Voltaire. This was reported today by the press center Zaporizhstali. The delegation included German businessmen and politicians. Delegates from... 10.10.2013  11:42

• USA on the way to recession The US Department of Finance intends to use all funds to avoid default, even if Congress cannot attract 16.7 trillion. dollars of government (borrowing limit). The bad news is that the United States cannot prevent a recession. Economists Goldman Sachs, IHS and BNP Paribas said they expect tax... 10.10.2013  11:02

• The steel market remains at a dead end after the holidays in China A few days after national holidays in China, the levels of prices for steel remain unchanged, maintaining ambiguity about their further direction. In September, prices remained low, showing a brief rise in July. The factories restored the pace of production last month after some correction in... 10.10.2013  10:37

• Next year, steel consumption in Europe will grow by two percent According to the World Steel Association (WorldSteel) World Metallurgical Association, steel consumption in the European Union in 2014 will grow by 2.1 percent, to 138 million tons. The transition to growth will be facilitated by the general improvement of the economic climate in Europe and an... 10.10.2013  10:16

• Azovstal reduced the production of steel by three percent The Mariupol Metallurgical Plant Azovstal Metinvest group in January - September 2013 reduced the production of steel by 2.8 percent, to 3 million 400 thousand tons compared with APPG -2012. Cast iron smelting decreased by 2.7 percent, to 2 million 960 thousand tons, and the production of metal... 09.10.2013  19:22