Metallurgy news

• Ukraine breaks negotiations on the Association with the EU The European Union warned Ukraine on Friday that the time allotted to resolve trade disputes and the signing of a signal trade agreement expire, and the last round of interstate negotiations did not give absolutely any results. Ukraine has repeatedly announced the intention to sign an agreement... 27.07.2013  10:37

• VAMA presents a new brand of automotive steel in China A joint venture created by Arcelormittal and Valin officially introduced its brand in Lawy in China. Valin Arcelormittal Automotive Steel Co Ltd (VAMA) introduced the strategy of their VAMA brand, reflecting the unity of various cultures of companies and committing the ideas of reliability and... 26.07.2013  17:11

• China can import more than one thousand tons of gold in 2013 In 2013, China imports more than a thousand tons of gold and will become the world leader in the consumption of this metal ahead of India. This is stated in the World Gold Council report by World Gold Council (WGC). According to WGC forecasts, gold consumption in India due to an increase in... 26.07.2013  15:42

• Fitch Ratings confirmed the rating of Severstal with a stable forecast Today, Fitch Ratings confirmed the long -term rating of the issuer default (RDE) OJSC Severstal at the BB level with a “stable” forecast. This is stated in the report of the rating agency. Confirmation of the ratings followed the implementation of industry analysis, as a result of which NLMK rat... 26.07.2013  14:59

• In the first half of the year, the Mariupolnutsky Ilyich Mamonetry received about a billion hryvnia loss In January - June 2013, PJSC Mariupol Metallurgical Plant named after Ilyich (MMK named after Ilyich, Ukraine, Donetsk region) received a net loss according to international financial statements (IFRS) in the amount of 937 million 177 thousand UAH, which is 44.6 percent less than in the APPG -2012.... 26.07.2013  14:44

• Cooperation of banks in Europe and Russia will ensure the stability of deposits Over the past decades, the Banking Sector of Russia has shown its maturity, and the ability to work in the conditions of the global economic crisis, improving the level of work with clients. This contributed to the interest of European colleagues in cooperation with Russian banks. That is why... 26.07.2013  12:39

• Fitch Ratings revised the forecast for the rating of NLMK from stable to negative The Fitch Ratings International rating agency revised the forecast for the long -term rating of the issuer default (RDE) OJSC Novolipetsk Metallurgical Plant (NLMK) from the "stable" to "Negative". The agency reported this in a press release published yesterday. In addition, Fitch Ratings... 25.07.2013  12:53

• Global production of cast iron increased by three percent, Ukraine reached seventh place In June 2013, the production of cast iron around the world increased by an average of 2.86 percent compared to the last month and amounted to 96 million 63 thousand tons. This is reported today by the World Cast iron manufacturers and became World Steel Association (WorldSteel). The top-ten... 25.07.2013  12:44

• Posco lost 36 percent of profit due to weakening demand for steel in China The largest South Korean steel company Posco reported on the losses of 36 percent of profit in the second quarter of 2013 due to weakening demand from Chinese consumers. However, these figures are higher than the consensus of the forecast of analysts, which suggested even more gloomy... 25.07.2013  12:21

• Türkiye raised prices for a hot rolon As stated in the message by Yieh.com, Turkish hot rolons will continue to grow in price. After the rolon price increased by $ 10 over the past week, Turkish metallurgical companies intend to increase the price of another $ 10 raising prices from 550 to 570 dollars in just two weeks. The main... 25.07.2013  12:12