Metallurgy news

• 15 largest global steel producers in 2014 According to the latest statistics published by the World Steel Association, the global steel industry output of the 65 countries reporting to the Association was 1.636960 billion tonnes for the full year 2014 These 65 countries account for approximately 98 percent of total global crude steel... 29.01.2015  10:41

• Steel production in the CIS in December and 2014 Steel production in the Commonwealth of Independent States (CIS) declined 6.3 percent during December 2014 and declined 2.8 percent for the full year to 105.089 million tonnes, according to the latest data released by the World Steel Association. The total volume of crude steel production in... 28.01.2015  16:36

• Brazil has restored the export of pig iron According to statistics provided by the Secretariat for Foreign Trade (SECEX), iron exports from Brazil in December 2014 recovered from the lows of the previous months. As a reminder, in November 2014, exports fell to six monthly lows. In December 2014, Brazil's pig iron exports amounted to 371... 28.01.2015  09:41

• Countries increase gold and foreign exchange reserves amid economic instability According to the International Monetary Fund (IMF), the Dutch central bank is the tenth highest in gold and foreign exchange reserves in the world. According to the Dutch central bank, its reserves remain unchanged at 612.50 tons, or 53.9 percent of the country's total foreign exchange reserves.... 28.01.2015  09:18

• TMK on prospects for 2015 TMK is a major global manufacturer and supplier of steel pipes with production sites in Russia, Romania, Kazakhstan, the USA, Canada, the United Arab Emirates, Oman, and has established R&D centers in Houston (USA) and Russia. Recently, Pipe Metallurgical Company announced its prospects for the... 27.01.2015  12:29

• ArcelorMittal closes East Chicago plant Chicago, Illinois. The city's steel industry is taking another blow as ArcelorMittal plans to close the 114-year-old plant, potentially resulting in the loss of more than 300 direct jobs, as well as many indirect jobs associated with the facility. The company says it plans to idle for the next... 27.01.2015  11:42

• Steel production has grown in all Asian countries All Asian countries saw an increase in steel production throughout 2014 as a whole, and a modest 1.2 percent increase in the region in December, according to the latest data released by the World Steel Association. China's total crude steel production during December 2014 was 68.090 million... 27.01.2015  11:04

• China plans to build Beijing-Moscow high-speed railway China's municipal authorities are planning to build a 7,000 kilometer railroad between Moscow and Beijing worth $ 1.5 trillion. yuan ($ 242 billion). China is about to showcase its high-speed rail technology internationally for the first time. The 7000 km railway line should facilitate... 26.01.2015  09:12

• Weak ruble helps Norilsk Nickel offset metal prices The fall in metal prices is now more than offset by the ruble slump in Russia, allowing Norilsk Nickel to maintain margins despite lower foreign exchange earnings. Vladimir Potanin, president and co-owner of Norilsk Nickel, said that if metal prices remain at current levels, Norilsk Nickel's... 26.01.2015  09:06

• Saudi Arabia offers cheaper gas to steel producer Al Tuwairqi After the Pakistani government refused to supply gas at a preferential price to Tuwairqi Steel in Pakistan, the Saudi Arabian government is seeking to provide the holding with cheap gas. Moreover, this price is lower than the steel manufacturer demanded from the Pakistani government Tuwairqi... 26.01.2015  09:02