Metallurgy news

• China aims for the death of the dollar US Treasury Secretary Jack Liu said in an interview that China's leaders were lobbying for the opposite rate for the devaluation of the Chinese currency, which, in his opinion, serves as a reminder of the continuation of currency squabbles between the countries. Jack Liu says he wants China to... 24.04.2014  11:30

• China may finance part of Mechel's coal project in Russia China has expressed a desire to help Mechel Group finance the costly Elga coal project in Russia. In addition, China wants to supply equipment in exchange for coal. The fact is that the grades of coal from the Elga deposit are scarce for metallurgy in terms of their composition and... 24.04.2014  10:42

• Steel Technologies decided to acquire a competitor Steel Technologies LL, a leading manufacturer of steel products in North America, has announced its decision to acquire Stripco. The deal has received government approval and is expected to be completed in May. Stripco, formed in 1984, continues to expand its processes to include pickling,... 24.04.2014  09:28

• It's not time for the United States to provide real assistance to Ukraine US Vice President Joe Biden assured Ukrainian leaders that the US will provide assistance to ensure that "Russia can no longer use energy as a weapon." Biden announced mid- to long-term initiatives to support Ukraine's energy sector and announced $ 50 million in aid, an unspecified portion of which... 23.04.2014  12:21

• Russian Steel announces results for March and 1Q 2014 Russian Steel, a non-profit partnership, produced 4.7 million tonnes of finished steel in March 2014, increasing output by 0.5 percent compared to March last year and 11 percent compared to February this year. During the first quarter of 2014, the production of finished rolled products, which... 23.04.2014  11:24

• POSCO dismantles and sells FINEX facility The world's largest steelmaker plans to export its FINEX steel mill upon completion of its operation, following the full operation of its FINEX plant # 3. With this move, POSCO plans to intensify its financial restructuring by raising profits while at the same time adjusting domestic steel... 23.04.2014  10:21

• Kobe Steel announces the start of operation of a new hot metal cleaning complex Kobe Steel Limited commissioned a new hot metal cleaning station in April at its Kakogawa facility in western Japan. The company built the facility to improve the manufacturing system at Kakogawa and expand sales of high quality steel products and increase its cost competitiveness. Hot metal... 23.04.2014  09:36

• OJSC Novolipetsk Metallurgical Plant increased sales in the 1st quarter OJSC Novolipetsk Iron and Steel Works reported that in the first quarter of 2014 its capacity utilization rate remained at a high level of 92 percent. The utilization rate at the main plant, NLMK, was 98 percent. Scheduled repairs are expected at the Lipetsk site in the second... 22.04.2014  11:22

• US enters rules to resolve disputes with Mexico and Turkey President Barack Obama's administration has sided with US steel producers in politically charged international trade disputes, ruling that imported rebar from Mexico and Turkey unfairly undermines US prices. The US government has decided to stop at the borders of the country arriving imports of... 22.04.2014  10:45

• China's Hebei province cuts steel production in March China's largest steelmaking province, Hebei, produced 17.43 million tonnes of crude steel in March, down 3.5 percent from a year ago. This is due to government policies to tackle air pollution in local factories, which are already under pressure from slow demand and a lack of funds. According to... 22.04.2014  09:52