Metallurgy news

• CISA analyzed steel prices in China The Chinese Metallurgical Association (CISA) provided a consolidated price for steel prices in the domestic market of China as of the end of June 2013. As a result, all prices for the main products became in the Chinese domestic market decreased compared to the end of May of this year. In... 20.07.2013  11:43

• Mag Europe Group secures financial independence Mag Europe Group, the largest manufacturer of machine tools and industrial systems on the world market,, together with their financing partners and owners, reached an agreement when developing a financing plan, which will allow the company, without selling assets, to maintain independence. MAG... 19.07.2013  19:16

• Brazil slightly reduced steel smelting According to the data provided by the Brazilian Institute of Cast iron, the production of steel in this country in June was reduced by 1.8 percent compared to the last month and amounted to 2 million 260 thousand tons. This reduction was the first in 2013. Meanwhile, in general, for the first... 19.07.2013  12:31

• Argentina sharply reduced steel production According to the preliminary report of the Argentine steel chamber, the production of steel in this country in June 2013 amounted to 416 thousand 500 tons, which is 7.2 percent lower than the previous month and 7.7 percent less than in the APPG-2012. Officials also said that the output of the... 19.07.2013  12:26

• In Japan, steel production is falling According to the data provided by the cast iron and became Japan, in June 2013 the production of steel in this part of the world amounted to 9 million 380 thousand tons, which is 3.6 percent less than in May. This was the first drop in production in Japan since the beginning of this year.... 19.07.2013  12:18

• Pakistan is waiting for Russian thicknesses The authorities of Pakistan have announced plans to privatize the largest state steel plant of the country of Pakistan Steel Mills. This was announced today by the chairman of the Council of Investments in Pakistan Muhammad Zuber. The Pakistani Government intends to achieve a number of... 19.07.2013  10:50

• Ukraine wants negotiations on quotas for pipes According to Mikhail Korolenko, Minister of Industrial Policy of Ukraine, in September 2013, the Ukrainian government plans to negotiate a quota for the supply of pipes to Russia. The day before, at a meeting with leading metallurgists in Chelyabinsk, Dmitry Medvedev announced the suspension of... 19.07.2013  09:47

• Chinese exports became 5 million 290 thousand tons in June According to the Chinese Customs Bureau, the country imported 1.08 million tons of steel products in June 2013, showing a decrease in 160 thousand tons compared to the last month and 20 thousand tons less or 1.8 percent in annual terms. China exported 5.29 million tons of steel products in June... 18.07.2013  18:12

• Golders are unlikely to reduce production Gold today is one of the few products that are not threatened with a reduction in production, because the price of it exceeds the marginal costs of the mines. This is stated in the report by Macquarie Group Ltd. Gold fell in price by 23 percent of the initial cost from the beginning of this year... 18.07.2013  18:10

• The largest mining companies oversaturate the iron ore market Record results in iron ore mining were achieved by BHP Billiton (Australia) and other giants of the global mining sector. Such a policy of companies is not amenable to logic, given the lack of proper demand among steel manufacturers. It seems that the fall in the price caused by excess of offers is... 18.07.2013  17:20