Metallurgy news

• Posco plans to build a steel plant in India South Korea's leading steelmaker Posco and state-owned Indian giant SAIL are in talks to create an integrated steel company. Two projects are being discussed, one of which involves the construction of a steel plant in Jharkhand, the second concerns a metallurgical plant in Odisha that has stalled... 26.04.2015  18:44

• Asia's steel production fell 1.3 percent in March Steel output in Asia fell slightly, by 1.3 percent, during March 2015, compared to the same period in 2014, according to the latest data released by the World Steel Association. China's total crude steel production during March was 69.485 Mt, down 1.2 percent from 70.329 Mt in March 2014. India... 24.04.2015  12:00

• MMK announces production results for the steel segment In the 1st quarter of 2015, the supply of finished products amounted to 2,844 thousand tons, which is 2.4 percent higher on a quarterly basis. This growth was driven by an increase in sales of long products, hot rolled steel, plate and color coated steel. Despite the winter period, which is... 24.04.2015  11:01

• RUSAL can idle 200 thousand tons of capacity The world leader in aluminum production, United Company RUSAL, is reviewing its aluminum smelting operations and may idle another 200,000 tonnes of capacity. RUSAL, which has cut capacity by 800 thousand tons over the past two years, reported that its aluminum production in Q1 2015 was 900 thousand... 23.04.2015  11:42

• Mechel signed an agreement with Sinara Transport machines Mechel OAO, one of the leading Russian mining and metallurgical companies, announces the signing of a contract between Mechel-Trans Vostok and Sinara Transport Machines (STM) for servicing locomotives for four years. In accordance with the agreement, STM-Service will carry out full maintenance... 23.04.2015  10:39

• World steel production fell in March According to the latest statistics released by the Worldsteel Association, steel production in 65 countries was 138,045 thousand tons in March 2015, down 2.7 percent from 141,811 thousand tons in the same month last year. The total steel production by the EU-28 countries in March this year... 23.04.2015  09:54

• European Union dreams of breaking dependence on Russia at the expense of Iranian gas The EU hopes that in the future, gas imports from Iran will help reduce its dependence on Russia as a result of the lifting of sanctions against Tehran. The EU is betting on the so-called southern pipeline corridor to supply gas to southern Europe via Turkey from fields in Azerbaijan and... 22.04.2015  11:43

• Russian nickel will become a mark of the Shanghai Futures Exchange Russian nickel may become one of the brands supplied to the Shanghai Futures Exchange, a spokesman for the exchange said. "Russian nickel is likely to become one of the representatives after the approval of issues on standards," the official said. The Shanghai Futures Exchange now has 6 nickel... 22.04.2015  11:12

• US Steel may cut over 500 workers at Lone Star The News Journal reports that a series of new layoffs are planned in the production of welded pipe (ERW) and specialty pipe products for the energy industry at Lone Star. A US Steel spokesman has alerted 579 other workers that they may be fired from Lone Star as activity slows along with the oil... 22.04.2015  09:53

• Cancellation of South Stream Shows Need for Other Gas Supply Routes - EU Maros Sefcovic, Vice President of the European Commission, said in an interview that Russia did not discuss the decision to cancel South Stream with its partners in the European Union and announced the move to another project at a press conference. “After that, it became clear that Europe needed to ... 21.04.2015  11:33