Metallurgy news

• World iron ore prices may fall below $ 100 Iron ore prices continue to slide lower this week as the Chinese steel market remains sluggish and iron ore miners' inventories have increased worldwide. Steel Index Ltd of 62 percent ore delivered to the Chinese port of Tianjin fell 1 percent over the past week to $ 102.70 per tonne, reaching... 11.05.2014  11:21

• Severstal may sell Dearborn and Columbus steel mills to exit the United States Severstal, the second largest steel producer in Russia, is considering selling its North American facilities. Severstal received offers from two potential buyers, US Steel Corp and Brazilian Companhia Siderurgica Nacional SA. Severstal's operations in the United States are conducted at two steel... 11.05.2014  10:48

• Russia and Serbia will build a gas pipeline to Europe The foreign ministers of Russia and Serbia announced that their countries were ready to build the largest gas pipeline to Europe and confirmed that representatives from Moscow and Belgrade had discussed the Ukrainian crisis face to face. The meeting between Sergei Lavrov and his Serbian counterpart... 10.05.2014  13:28

• Iron ore reserves at a mine in Karnataka have been significantly increased The National Mining Development Corporation has revised its upper estimate for iron ore reserves at its Donimalai mine in Karnataka, owned by state-owned NMDC. It was found that the mine's potential reserves are almost seven times higher than previous figures. The estimated reserves have been... 10.05.2014  13:05

• At OJSC EVRAZ ZSMK Novokuznetsk, the commission adopted a universal mill In Russia, OJSC EVRAZ ZSMK Novokuznetsk put into operation a new universal mill for the production of rails and sections. The entire set of equipment was supplied by the German company SMS Meer. In addition, the Novokuznetsk plant produces 100-meter rails for high-speed railways. For the first... 10.05.2014  12:14

• Chelyabinsk Pipe-Rolling Plant and Metalloinvest develop new products for Rosneft projects A coordinating council was held at the Chelyabinsk Pipe-Rolling Plant between Chelyabinsk Pipe Plant and Metalloinvest to discuss cooperation in the supply of sheet metal and pipe billets for the production of welded and seamless pipes. The parties summed up the results of their work in 2013 and... 09.05.2014  12:21

• European Commission offers € 3.6 million in aid for Romanian steel workers The European Commission has offered to provide Romania with 3.6 million euros from the European Global Settlement Fund (EGF) to help 1,000 former employees of steel products manufacturer Mechel Campia Turzii SA and Mechel Reparatii Targoviste SRL find new jobs. EU Commissioner for Employment and... 09.05.2014  11:21

• Ferrous Scrap Price Levels Reacted to Slow Finished Goods Market In May, the levels of supply of scrap metal from the US, Europe and the CIS decreased by $ 5-7 per tonne. Exporters shipping scrap metal from East and West Coast ports were encouraged to embrace aggressive pricing stance in April, backed by the strength of the domestic market and mistakenly... 09.05.2014  10:17

• EUROFER announces EU steel export data EUROFER, in its Market Review 2014-2015, provided the following information on steel exports in the European Union. Total exports fell nearly 6 percent YoY in January-February 2014. Tonnage is quite similar to Q4 2013. Official customs data on EU steel exports to third countries show a 3 percent... 08.05.2014  12:38

• SMS Meer Introduces New Measurement Control System at Timken Timken in Ohio, USA, has successfully commissioned MEERgauge laser-based precision measuring systems sourced from Germany by SMS Meer. The system displays a complete picture of the product slice based on a modern inspection method. With new measurement technology, Timken is able to reduce... 08.05.2014  12:04