Metallurgy news

• Japanese steel production drops after tax hike Steel production in Japan fell 2.5 percent in April from a year earlier, as demand slowed after the introduction of a sales tax earlier in the month. Japan's Department of Commerce is forecasting a 3.8 percent decline in the April-June quarter as a whole. At the same time, steel production in... 24.05.2014  13:26

• ArcelorMittal receives three awards at Platts Global Metals The annual awards, which define excellence and achievement in the global steel industry, were presented in London. ArcelorMittal won the Deal of the Year nomination for the acquisition of ThyssenKrupp Steel USA through a joint venture with Nippon Steel & Sumitomo Metal Corporation. The deal, which... 24.05.2014  12:27

• Selling Severstal plants in the USA is only an option, not a solution CEO Alexei Mordashov said in an interview that Severstal is accepting bids for the acquisition of two North American metallurgical plants, but this does not mean that it will sell them. Mordashov said the Russian steelmaker is a small player in North America. Severstal has two factories in the... 24.05.2014  11:57

• Severstal launches gas engine power plant in Vorkuta OJSC Severstal, one of the world's leading steel and mining companies, announces the launch of an 18 MW methane-powered gas piston power plant at the industrial site of the Severnaya mine, a structural unit of OJSC Vorkutaugol. Vorkutaugol, one of the largest coal mining companies in Russia,... 23.05.2014  11:00

• Iran replaces India as largest DRI producer in April 2014 Worldsteel announced that DRI (Direct Reduced Iron) production in 14 countries, which produced 87 percent of the world's total last year, fell by almost 6 percent YoY in April 2014 to 4.839 million tonnes. However, sponge iron production for the period from January to April 2014 was 19.095... 23.05.2014  10:33

• APEA confirms packaging recycling trends in Europe APEAL, the Packaging Association of European Steel Producers, shows that 2.7 million tonnes of steel containers were recycled in 2013, which corresponds to an average rate of 74% in Europe. This confirms the long-term trends in packaging recycling in Europe. The recycling rate of steel... 23.05.2014  09:22

• Iron ore prices rebounded slightly in response to threats of a strike at Port Hedland Iron ore prices have returned to reasonable levels after hitting a nearly two-year low earlier this week. This is due to a warning from the largest iron ore miner BHP Billiton. BHP Billiton said further reductions in the price of iron ore would lead to a strike by port workers. The action... 22.05.2014  12:13

• Metinvest begins reconstruction of a furnace at Azovstal Metinvest Group announced that it will invest about $ 1 billion in the reconstruction of blast furnace No. 4 at the Azovstal metallurgical plant, and from May 15, modernization and reconstruction of the furnace began. After the reconstruction, the blast furnace will meet the highest international... 22.05.2014  11:38

• NLMK Announces 1Q 2014 US GAAP Results NLMK, a leading steel producer, announces 1Q 2014 consolidated results in accordance with US GAAP. The Group's steelmaking capacity was operating at 92 percent. Steel sales reached 3.866 million tonnes (+ 8 percent qoq); revenue was $ 2,638 million (+5 percent qoq); net income was $ 174 million.... 22.05.2014  11:16

• Oligarchy won in Ukraine The announcement by Ukraine's richest man to hold demonstrations against separatists has met with mixed reactions from his own workers, many of whom have remained in their jobs. Despite the fact that steelworkers in Mariupol partly joined the anti-separatist actions, the miners refused to take part... 21.05.2014  11:36