Metallurgy news

• JSW Steel acquires WELSPUN Maxsteel JSW Steel Ltd plans to complete the purchase of its smaller competitor Welspun Maxsteel within a month. This will be a step forward in terms of increasing throughput for JSW, according to official sources for the company. JSW intends to buy WELSPUN at about Rs 110 million and will take on... 02.07.2014  10:21

• Restoring Philippines Infrastructure Will Boost Steel Growth The Philippine Minister of Metallurgy assured that it is planned to continue the growth phase this year due to domestic production and imports, thanks to the development of infrastructure, the implementation of construction industrial and residential projects. Earlier this month, the Philippines... 01.07.2014  17:30

• Exports of Seamless Steel Pipes Rise in China According to the latest data released by the Chinese customs, exports of seamless steel pipes in the country increased significantly during the month of May 2014. China's seamless steel pipe exports totaled 511,690 tonnes in May this year, up 13 percent from exports in the previous month.... 01.07.2014  16:32

• Russia is the main exporter of CRC to Turkey According to the latest data released by the Turkish Statistical Institute, imports of CRC cold rolled coils of the country fell sharply during the month of April this year, but increased over the past period of 2014. Turkey imported 57,648 tons of CRC in April, down 30.94 percent from imports a... 30.06.2014  11:01

• Scrap metal imports decreased in Italy According to updated government statistics, imports of scrap in Italy throughout 2013 decreased by 5.6 percent compared to the previous year. In addition, for the first time in three years, total imports of scrap metal across the country fell below 5 million tons per year. During the year, the... 30.06.2014  10:26

• Essar Steel prepares to increase production of heavy slabs India's leading steelmaker Essar Steel, with presences in Canada, the US, India and Indonesia, announces plans to increase heavy plate production at the country's largest flat steel mill, Hazira. The company announced that overall plate production at the plant will be raised more than 30 percent in... 30.06.2014  10:07

• In the Perm Territory, the implementation of a plan for the construction of a sheet-rolling complex has begun At the end of June 2014, the construction of a cold-rolling shop was started, which will become the first of the objects of the sheet-rolling complex of the Lysva Metallurgical Plant. This project is the most significant investment project of the Perm Territory and will make it possible to... 29.06.2014  20:29

• Metalloinvest and Kosogorsk Metallurgical Plant announce the signing of a contract Metalloinvest and Kosogorsky Metallurgical Plant announced the signing of a three-year contract for the supply of pellets. The agreement stipulates that 1.9 million tons of products will be shipped to the Kosogorsk plant, which has good results on the Russian market in the production of... 28.06.2014  11:37

• POSCO Decides Not to Buy Dongdu Power & Steel Facilities POSCO, the largest South Korean steelmaker, said it is postponing its decision to buy two units of the Dongbu Group due to its financial difficulties, despite pressure from the government to keep the facilities in South Korea. The world's sixth largest steelmaker is currently struggling with... 28.06.2014  11:04

• Chinese steel prices stabilize amid good economic news Finally, there was a glimmer of hope in the steel and iron ore market with the appearance of instructions to local authorities about the possible state stimulation of the economy, which will inevitably affect the world price level. Some stimulus measures have already begun to be implemented to... 27.06.2014  12:45