Metallurgy news

• Russian Uralvagonzavod eyeing Serbian steel plant in Smederevo Serbian President Tomislav Nikolic spoke in Belgrade with a Russian delegation representing Uralvagonzavod. During the meeting, the Russian company showed interest in further business operations in Serbia, including on the basis of the steel plant in Smederevo. Uralvagonzavod General Director... 09.04.2014  12:15

• Iron ore hits six-week high Iron ore has jumped nearly 13 percent since March. Iron ore spot prices climbed to their highest level since February on stronger demand for steel. Chinese enterprises have actively begun to replenish stocks, helping to restore raw material prices. China's desire to increase spending on rail... 09.04.2014  11:10

• Tata Steel sells block in New Zealand Tata Steel announced that Steel & Tube Holdings of New Zealand will buy Tata Steel International (Australasia) (TSIAL) on April 14, 2014 for a cash consideration of NZ 27.5. Investors are buying shares in Tata Steel after the company said it was selling its block in New Zealand. "Steel & Tube... 09.04.2014  10:21

• Mexican metallurgical passions in North America World leaders in the metallurgy industry have begun battling in Mexico for orders from automakers who have decided to expand production in the North American country. Mexico has signed a number of free trade agreements and attracts producers with cheap labor. Posco, one of the largest steel... 08.04.2014  15:59

• EU Parliament considered customs tariffs for Ukraine The European Parliament has supported plans to reduce customs duties for Ukrainian exporters. The unilateral measure is intended to increase the viability of the Ukrainian economy by saving on customs duties of its producers and exporters. Approximately 98 percent of customs duties on Ukrainian... 08.04.2014  10:08

• Russian scrap exports in January increased compared to the same month a year ago According to Russian trade statistics provided in Tokyo, Russia's ferrous scrap exports totaled 248,000 tonnes in January 2014, an increase of 24.2 percent over the same month last year. However, in line with the global trend, exports declined 46.3 percent from the previous month, marking their... 08.04.2014  09:31

• SSI UK expects to make a profit for the first time in 2014 The UK's second largest steelmaker, SSI UK, expects to make its first profit this year and add much-needed jobs in the North East of England, but its future is not safe. Sahaviriya Steel Industries (SSI), recorded a net loss last year, with SSI UK has been a major drag on its parent company.... 08.04.2014  09:04

• Ukrainian market for galvanized steel expects growth of 6.5 percent per year Speaking at the IX International Conference "Galvanized and Painted Rolled Products: Development Trends in Production and Consumption", Managing Director of the Ukrainian Center for Steel Construction (USSC) Roman Kurashev noted that in the next few years a positive trend of increase in consumption... 07.04.2014  12:44

• USA confirms AD duties on Japanese nickel-plated steel The US Department of Commerce has confirmed duties on some steel products from Japan after complaints that imports of nickel-plated flat products were being sold at unfairly low prices in the United States. The world's second largest steelmaker, Nippon Steel and Sumitomo Metal Corporation, will... 07.04.2014  11:16

• NATO should send troops to Ukraine, says Czech President The West must take drastic measures, including sending NATO forces to Ukraine if Russia tries to annex the eastern part of the country, Czech President Milos Zeman said on Sunday. "If Russia decides to expand its territorial expansion in the eastern part of Ukraine, then it's time to end it,"... 07.04.2014  10:46