Metallurgy news

• Asia's steel production fell 1.2 percent in April According to the latest figures released by the World Steel Association, Old Asia is still the largest steel producer in the world, although steel output declined slightly during April 2015 from the same month a year earlier. The drop in production was 1.32 percent, which is associated with a... 26.05.2015  11:42

• The court recovered $ 10.6 million from Mechel in favor of Sberbank The Moscow Commercial Court ordered the mining and metallurgical company Mechel and three of its subsidiaries to pay Sberbank USD 10.6 million and RUB 6.8 million in arrears. As reported in http://madek.ua/, Sberbank of Russia filed a lawsuit to raise money under two loan agreements dated October... 26.05.2015  11:07

• Outokumpu Stainless Fuel Tank Wins ISSF Award The Outokumpu designed stainless steel tank won the International Stainless Steel Forum (ISSF) Best Design Award at the ISSF Annual Conference in Hong Kong, China. The International Stainless Steel Forum (ISSF) is a research and development non-profit organization that was founded in 1996 and... 25.05.2015  12:12

• TMK Announces 1Q 2015 Results Pipe Metallurgical Company (TMK), one of the leaders in the global pipe production, in Q1 2015 compared to Q4 2014: Reduced pipe sales by 19 percent to 1,004 thousand tons. Seamless pipe sales volumes declined 10 percent to 630 kt, mainly due to lower sales of industrial and other pipes in the... 25.05.2015  11:08

• Global steel production continued to fall in April 2015 According to the latest statistics released by the World Steel Association, the 65 member countries' crude steel output was 135.407 million tonnes in April this year, down 1.7 percent from 137.778 million tonnes in the same month. last year. The total production of crude steel in the EU-28... 25.05.2015  09:39

• Metalloinvest results for Q1 2015 In the first quarter of 2015, the world's leading manufacturer Metalloinvest achieved net income of $ 177 million, compared with a net loss of $ 542 million in the previous quarter. As of March 31, 2015, the company's total assets were $ 7,016 million, down 3.4 percent from $ 7,266 million at... 22.05.2015  11:37

• Kobelco bets on high demand for aluminum sheet from Japanese automakers Kobe, also known as Kobelco, is a leading supplier of aluminum and steel sheet to Japanese car and auto parts manufacturers. The third largest steelmaker in Japan, Kobe, operates in nine segments and steel will only contribute about 20 percent of this year's profit. Kobelco expects higher demand... 22.05.2015  10:49

• NLMK Consolidated Results for 1Q 2015 During Q1, NLMK Group's steelmaking capacity was operating at 96 percent. Net income rose 39 percent on a quarterly basis and 85 percent on an annualized basis to $ 321 million. In Q1 2015, steel production declined to 3.87 million tonnes, down 6 percent qoq and 1 percent year-on-year. This is... 22.05.2015  09:30

• The global zinc market was in surplus in Q1 2015 The latest statistics published by the International Lead and Zinc Research Group (IGISC) indicate that the global zinc market had a surplus of 140,000 tonnes in the first quarter of this year. Total zinc stocks on the London Metal Exchange (LME) decreased by 180 thousand tonnes during the quarter.... 21.05.2015  15:52

• Russian exports of stainless steel fell in January-April In the first four months of 2015, Russia exported 927 tonnes of stainless steel, which represents a 67 percent drop in export shipments year on year, according to the Special Steels Association. Russian exports of stainless products also decreased during 2014 by 31.2 percent to 8647 tons, compared... 21.05.2015  10:44