Metallurgy news

• Kobe Steel plans to start merger of construction equipment companies Kobe Steel Ltd, the 5th largest steel producer in Japan and 15th in the world, announces the reorganization of its subsidiaries. Kobelco Construction Machinery Co., Ltd. and Kobelco Cranes, Ltd. agreed to begin consideration of a business combination with the aim of integrating the two companies... 18.05.2015  11:23

• EVRAZ dismisses 50 employees at Regina steel plant and continues expansion The layoffs were announced at the Evraz steel plant in Regina. The company says it will lay off 40 to 50 employees in its steel operations starting May 17. In a statement, the company said the layoffs are necessary "to align the level of personnel with operations, which are currently lower due to... 18.05.2015  09:53

• Environmental activists oppose Shell oil drilling in the Arctic Ocean In Northern California, activists protested Shell's plans to explore for fossil fuels in the Arctic Ocean. In opposition to a rig in Seattle, several dozen activists boarded and kayak and rowed towards the middle of Elliott Bay, deploying a banner. Seattle's water protests came after... 17.05.2015  12:53

• China's steel output fell 0.8 percent in April China's crude steel production totaled 68.91 million tonnes in April 2015, down 0.8 percent from the previous month and 0.1 percent year on year. Pig iron production in April this year was 59.49 million tons, down 1.3 percent on a monthly basis and 3.3 percent on an annualized... 17.05.2015  12:21

• Gold demand reveals important changes in the global economy Global gold demand in the first quarter of 2015 fell 1 percent to 1,079 tons, compared to the first quarter of 2014, when total demand was at 1,089 tons. However, the World Gold Council (WGC) still sees some improvement in the gold market despite an overall decline in demand in the first three... 17.05.2015  12:13

• Chinese metallurgists may avoid South Korean duties on I-beams Seven Chinese metallurgists will be able to avoid anti-dumping duties from South Korea after the official Seoul accepted their proposal to increase the price of I-beams shipped to that country. Similar actions in Asia and Europe are intended to curb the rise in exports of cheaper steel products... 16.05.2015  10:03

• Arcelor Mittal announces closure of Georgetown wire rod plant Arcelor Mittal North America has decided to close its Georgetown, South Carolina wire production in the third quarter of this year. The company said “difficult market conditions” were the main reason for the closure. According to the company, high transportation costs, unfair and cheap imports from ... 15.05.2015  12:09

• Steel consumption in China may fall by 6 percent this year - CISA Chinese industry representatives stressed that the slowdown in economic growth in the world's 2nd economy will continue to negatively affect industrial demand for steel. In this connection, the Association of Chinese Steel Producers CISA believes that steel consumption in China may decrease by 6... 15.05.2015  11:34

• EU fixes import duties for electrical steel The European Union plans to impose anti-dumping duties on electrical steel imports from Russia, China, South Korea, Japan and the United States to protect European steelmakers from cheap imports entering the EU market. This decision was taken following the consideration of a complaint filed by... 15.05.2015  10:56

• US scrap metal exports rise in March Exports of scrap metal in this country since the beginning of 2015 have tended to decline. However, exports rose sharply during March this year, as evidenced by the latest data released in the US by the International Trade Commission. According to these data, the export of scrap metal from the... 14.05.2015  11:02