Metallurgy news

• Overview of steel use in the EU construction sector - EUROFER In the first quarter of 2014, activity is growing mainly due to the seasonal effect, but in mid-2014 construction will decline in the EU. The situation is likely to continue until 2015. Since 2015, a growing demand for shopping centers, schools, hospitals is expected. In the last quarter of... 01.05.2014  11:21

• Rio Tinto is not worried about falling ore prices Rio Tinto's head of iron ore sales, Andrew Harding, says he is not worried about a sharp drop in iron ore prices for at least the next two years. Despite the 2.7 percent drop in the price of the steelmaking ingredient throughout the day, all the way to $ 105 a tonne, Andrew Harding said he is... 01.05.2014  10:57

• Krakatau Steel presents first quarter results Indonesia's state-controlled largest steelmaker Krakatau Steel, based in Cilegon, reported losses in the first quarter of this year, citing low revenue. Against this backdrop, Krakatau Steel has cut its planned overhaul costs for this year to $ 500 million from an initial estimate of $ 800... 01.05.2014  10:19

• Gazprom reaches agreement with OMV and Allseas on South Stream construction Gazprom signed an agreement with the Swiss company Allseas Group for the construction of a pipeline in the Black Sea, and a preliminary agreement was reached with the Austrian company OMV for the construction of a pipeline to be completed in Austria. Allseas is expected to lay a pipe about 900... 30.04.2014  18:15

• In Slovakia, the U.S. Steel made a profit in the first quarter US Steel Corporation (USS) reported earnings and that its earnings were positively impacted by higher prices and economic savings programs. Net income was $ 52 million, or 34 cents per share, in the same period last year, and a loss of $ 73 million, or 51 cents per share, was recorded. In... 30.04.2014  17:34

• The Tata Group encourages innovation across all business sectors The Tata Group plans to promote the development of innovative programs at the group level in all of its companies. Currently, most of the group's companies innovate in isolation and independently of each other, said Mukund Govind Rajan, a member of the conglomerate's executive board. In 2007,... 30.04.2014  17:09

• Barrett Steel expands in Ireland Barrett Steel marks further expansion with the launch of a new subsidiary in Ireland. The company opens its engineering department, Barrett Engineering Steel, to develop and manufacture a range of engineering steels and alloys from its Maghaberry business unit. The company has already achieved... 29.04.2014  10:57

• EU economy is gaining momentum The forecast of the Economic Committee of the European Steel Association EUROFER confirms that the EU economy, including the metallurgical sector, is well on its way to recovery, providing evidence of an improvement in its economic foundations and productivity compared to the recent past.... 29.04.2014  09:58

• ArcelorMittal and Saarstahl accused of collusion in setting prices Deutsche Bahn said several lawsuits have been filed against a number of metallurgical companies, including ArcelorMittal and Saarstahl, which damaged the German rail operator. Deutsche Bahn claims that its losses were caused by fixing excessively high prices for railroad ties. “The companies i... 29.04.2014  09:21

• Strong euro becomes a cause for concern for metallurgists - EUROFER The euro has remained remarkably stable this year, showing only limited volatility against the US dollar and other foreign currencies. The recorded fluctuations in the euro exchange rate are mainly associated with monetary policy trends in the Eurozone and countries such as the United States and... 28.04.2014  19:00