Metallurgy news

• SAIL develops new steel grades to lighten LPG cylinders The Steel Authority of India Limited (SAIL) has developed a new grade of steel that will help oil marketing companies' plans to make better LPG cylinders. The new SAIL steel grade has already received ISO quality certification and is ready for use. Conventional household cylinders are made from... 14.04.2014  09:28

• Fitch Confirms India Stable Outlook Fitch Ratings reaffirmed India's stable credit rating outlook on a higher five-year GDP growth of 6.7%, up from 3.2% previously determined. The key threats to the rating are deviations from fiscal consolidation, a prolonged period of slow growth, and macro policy miscalculations that trigger... 13.04.2014  17:30

• Premier Li Keqiang sacrifices steel production for clean air in China The slowdown in the economy in China and the tightening of government measures against environmental pollution are negatively affecting its steel mills. At the same time, the world's largest alloy producer is contributing to a potential downturn in global iron ore trade. As a result, 2 percent... 13.04.2014  16:36

• Rostrud and Mechel announce a joint project Mechel OAO, one of the leading Russian companies in the mining and metallurgical industries, announced the launch of a project to enhance the effectiveness of measures to improve working conditions at the Group's enterprises. The project will be implemented jointly with the Russian Federal Service... 12.04.2014  13:07

• Steel price in China is skyrocketing after a long fall The sharp drop in the first quarter and the slowdown in GDP growth to 7.3% from an annual target of 7.5% is the result of China's reckless growth of past years. The decline in infrastructure investment projects affected the steel market. Steel prices escalated in April, up 2%, while cornered... 12.04.2014  12:27

• DUSya wants to sell the dacha of Yushchenko and Yanukovych An incredible sale of state property is being prepared at the State Administration of Affairs. According to its head Sergei Averchenko, the dachas of Viktor Yushchenko and Viktor Yanukovych, two residences in Pushcha-Voditsa, several sanatoriums equipped with different types of infrared heaters ,... 11.04.2014  12:50

• The mining and metallurgical complex of the Dnepropetrovsk region continues to increase production volumes The economic miracle and the growth of steel production twice as fast as in China did not affect the well-being of the residents of Dnipropetrovsk April 11, Dnepropetrovsk. According to the data of the Dnipropetrovsk Regional State Administration, the political situation that has developed in... 11.04.2014  11:40

• US firms form consortium for Iraqi oil production The North America-West Asia Consortium is looking to deliver an initial inventory of oil well equipment as soon as possible in order to fulfill plans to expand supplies to Iraq as oil demand rises. The first batch of steel pipes for oil wells is expected to arrive in Iraq in early May. US Steel... 11.04.2014  11:00

• The richest man in Ukraine is trying to save his fortune When Swiss prosecutors knocked on the door of DTEK Trading SA's Geneva headquarters in February, they hit the trail of Rinat Akhmetov, Ukraine's richest man. Officials were investigating links between DTEK and MAKO Trading SA, a company controlled by Yanukovych's son Alexander, whose assets, like... 10.04.2014  19:00

• Indonesian Nickel Export Ban Severely Affects Stainless Steel Nickel prices last Friday surpassed the $ 16,500 /t level recorded 12 months ago. High nickel prices are the result of a decrease in the supply of laterite ore due to the ban on the export of raw materials from Indonesian mines. Analysts are focused on determining the impact of this ban on... 10.04.2014  11:45