Metallurgy news

• Overcapacity remains the biggest threat to the global steel industry The experts concluded that the global steel market remains under the threat of overcapacity, of which about 300 tonnes of steelmaking capacity must be shut down over the next decade in order for the industry to achieve sustainable profits. This will increase the capacity utilization in the industry... 08.05.2014  11:32

• Interpipe appoints new sales managers for Interpipe Middle East and North America Interpipe, a metallurgical company specializing in the production of pipes and wheels for rail transport, has appointed Jorge Manuel Barroso as Vice President of Sales for the Americas and Rami Mahmoud as Vice President of Sales for the Middle East and Africa. These executives will be... 07.05.2014  11:13

• MMK expanded its product line with a new coating Magnitogorsk Iron and Steel Works (MMK) recently announced the development of a new technology for the production of galvanil (zinc /iron) coated metal products. This is a strategic step that will allow MMK to expand its product range and more efficiently meet the requirements of its... 07.05.2014  10:48

• New Outokumpu Steel Grade Selected to Protect Miners Finnish company HEAT-IT Oy has selected the new high chromium ferritic stainless steel Outokumpu 4622 as the material for the RESPETRA rescue chamber, which uses stainless steel for a cabin in underground mines. It provides protection for miners, for example, in the event of a fire for four... 07.05.2014  10:26

• Is the heavy industry of Ukraine a burden or a joy? In a sense, Ukraine's steel industry is healthy enough. According to information provided by the Ministry of Industrial Policy of Ukraine, Ukraine is the eleventh largest steel producer in the world. It produces a respectable 2 percent of world production, just behind Brazil and Turkey and about... 06.05.2014  15:15

• USA Introduces Duties on Steel Imports from Seven Countries The US Department of Commerce is once again showing a firm resolve in identifying possible cases of dumping in steel production. Since yesterday, in fact, preliminary duties have been established on textured electrical steel from the Czech Republic, Germany, Japan, South Korea, Russia, Poland... 06.05.2014  10:47

• Chinese steelmaking relies on consumers After a harsh winter, China's steel industry must prepare for a tough year ahead. But there are positives for the consumer-oriented portion of the sector. China's top steelmakers suffered a $ 368 million loss in the first quarter, the worst three-month period since 2000, according to the China... 06.05.2014  10:15

• French industrialists interested in bankrupt steel firm Ascometal A group of French industrialists and investors have announced plans to make an offer of at least € 40 million ($ 56 million) to bankrupt French steelmaker Ascometal to acquire its assets. Ascometal operates six factories in France and has sales of 969 million euros. The company supplies s... 06.05.2014  09:29

• US Steel plans to cut headcount worldwide In terms of planning for "headcount reduction," the US Steel Corp. is going to lay off a number of employees worldwide, which also includes a certain number in Pittsburgh. The company explains that the cut is mainly driven by a desire to save money. The company claims that the United States... 05.05.2014  12:11

• Slowdown in the stainless steel market The cold rolled stainless steel market is showing a slow response despite the rise in nickel prices. Negotiations for a June shipment are sluggish as nickel has surpassed $ 1,800.00 on the London Metal Exchange (LME) and Japanese refineries assume speculative demand. Customers are still showing a... 05.05.2014  11:29