Metallurgy news

• Weekly U.S. Steel Production Down 0.5 Percent On Week: AISI According to statistics released by the American Institute of Iron and Steel (AISI), crude steel production in the country fell 0.5 percent over the week. The capacity utilization rate of American steel producers in July is 77.0 percent. The total production of crude steel for the past period in... 08.07.2014  11:01

• Japan's steel production is projected to rise between July and September 2014 Japan's Ministry of Economy, Trade and Industry (METI) predicts a surge in crude steel production in the second quarter of the current fiscal year, according to research by the Japanese Ministry of Economy, Trade and Industry. Steel output in July-September 2014 is projected to increase by... 08.07.2014  10:33

• Indonesia's steel imports fell nearly 13 percent in May The latest data released by the Indonesian Central Bureau of Statistics (BTS) reports a significant decline in the country's steel imports during the month of May this year. A similar drop in imports was observed in monetary terms generated by imports of iron and steel. Indonesia's steel imports... 07.07.2014  12:38

• ISSDA Demands Increased Import Duty On Stainless Steel From China China currently accounts for nearly 50% of the world's total stainless steel production. Chinese stainless steel products have reached about 30% of the Indian market, so the stainless steel association ISSDA has demanded a double import duty in order to protect the interests of the domestic... 07.07.2014  12:03

• Production of crude steel by ArcelorMittal Kryvyi Rih in the 1st half of the year decreased by 2.7 percent In the first half of this year, crude steel production at ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the world famous giant ArcelorMittal, amounted to 3,037,000 tons, down 2.7 percent year-on-year. In addition, in the first half of 2014, ArcelorMittal Kryvyi Rih recorded a 6.6 percent... 06.07.2014  13:23

• Evraz is considering the sale of shares in the North American division Evraz, Russia's largest steelmaker, which bought Highveld Steel & Vanadium from Anglo American 7 years ago, is considering selling part of its North American block as it seeks to reduce debt. The steelmaker has yet to decide whether to proceed with the offer at all. An improvement in the condition... 06.07.2014  12:56

• Mechel OAO is studying a new plan to liquidate debt Mechel of Russia is in discussions with the government and local banks on a new plan that should help the company reduce its debt by approximately US $ 9 billion. It is believed that the proposal could include a merger of some of Mechel's assets with metallurgical plants and mines owned by... 06.07.2014  11:52

• Posco and China's Chongqing Iron & Stee Sign Joint Investment Agreement Posco, a South Korean steelmaker and the Chinese steelmaker Chongqing (Chongqing) have signed a memorandum of understanding to implement joint investment projects worth about $ 3.3 million, the South Korean Ministry of Commerce said in a statement. The MOU will address a wide range of issues,... 06.07.2014  10:49

• China's Exports of Welded Steel Pipes Decline in May Exports of welded steel pipes in the country declined during May 2014 compared to May last year, according to data released by the Chinese customs authorities. Nevertheless, in comparison with the previous month, the demand for steel pipe on the world market was at a high level, so exports... 04.07.2014  12:26

• Severstal increases steel supplies to manufacturers of household appliances Russian steel producer Severstal says it intends to supply 60 thousand tons of steel for companies producing household appliances and packaging in the second half of the year under already signed contracts, and 19.5 thousand tons under contracts that will be closed in the third quarter of... 04.07.2014  12:24