Metallurgy news

• Thai producers seek to tame rising prices for hot rolled coils The Steel Pipe and Cold Forging Association has called on the government to intervene in the pricing of hot rolled steel coils to stop the price rise in the country. According to the Association, prices for hot rolled products have risen by almost 20 percent since high tariffs were introduced... 10.08.2014  13:55

• Indonesia plays a decisive role in determining world tin prices The head of the Commodity Futures Trading Regulatory Agency, Satriono Edi, said that the level of world tin prices on the LME exchange is now set by Indonesia. “Following the implementation of the new law to export tin, a metal used in smartphones and other goods, prices have reached their highest 6... 10.08.2014  13:26

• Russia is not worried about Western sanctions According to experts, the sanctions banning the import of agricultural products from a number of European countries are just the beginning of the struggle. Therefore, absolutely all branches of the domestic industry are being re-equipped. This also applies to the engineering industry. Experts... 10.08.2014  11:45

• Mechel Introduces New Coal Beneficiation Technology Mechel announced the introduction of an innovative technology that will be aimed at dewatering and beneficiation of coal at the Elga seasonal processing plant. The total volume of all investments is equal to $ 2,000,000. Due to the fact that an innovative press filter from Tecnicas Hidraulicas... 09.08.2014  19:34

• I-beam export prices fall due to competition from Asian countries Japanese factories, which previously enjoyed a monopoly on the export of large I-beams, are facing stiff competition from Korean and Taiwanese factories, experts say. Export prices for these products were at $ 800 CFR in June. However, the production of these products by Taiwanese factories... 08.08.2014  13:03

• Rebar exports decreased in Turkey The latest statistics released by the Turkish Statistical Institute (TUIK) show that the export of various types of rebar from the country fell sharply in June 2014. According to TUIK statistics, the export of fittings during June of this year amounted to 530 thousand tons, which is 24.7 percent... 08.08.2014  11:38

• India is set to become the world's second largest steel producer - ArcelorMittal ArcelorMittal said India is moving towards the top of the industry leader with the largest steel production capacity in the world. In addition, the company believes that the volume of M&A (mergers and acquisitions) in India is likely to continue to grow. Large Indian companies are exploring growth... 08.08.2014  11:06

• HRC Hot Rolled Coil Sales Slow Down In August In Southern Europe, HRC prices have risen by € 2 /t from the beginning of August to € 410 /t. However, the summer lull appears to have left European steel demand with spot HR coil prices hovering or close to 12-month lows. Hot rolled steel sales volumes slowed in the northern and central states o... 07.08.2014  15:16

• Chinese steel exports to hit new record in 2014 MEPS International experts have revised upwards the previous forecast for the volume of exports of finished steel products in 2014. They concluded that the final figure would be a new record of at least 80 million tonnes. This is the fifth consecutive year that China has seen an increase in global... 07.08.2014  14:38

• Uralvagonzavod has adjusted the operation of a new plasma cutting machine In the press shop of the head enterprise of the UVZ corporation, commissioning of a new domestic machine "Kometa", designed for plasma cutting, has been carried out. The new car was produced in Tver. The press shop is currently working on an expansion and equipment upgrade plan for approximately 2... 07.08.2014  13:25