Metallurgy news

• Interpipe Steel will reach the design capacity this year The new Interpipe Group Plant exactly a year ago on January 17 issued the first smelting. Since then, more than half a million tons of metal have been produced on the interpipe of steel and every day the production volumes increase. In December last year, the innovation plant smelted 85 thousand... 15.01.2013  10:07

• China announced the closure of mining and processing complexes of less than 50 thousand tons of iron ore raw materials The Chinese government ratified the Decree of December 26, 2012 that provides for the elimination of small GOKs until the end of 2013. Productive enterprises will be closed whose annual production volume is less than 30 thousand tons during underground developments and less than 50 thousand tons... 15.01.2013  00:01

• New Year brought positive trends in world varietal rental markets - IREPAS The World Association of Manufacturers and Exporters of the Irepas varietal rental sees positive signs for the variety rental market in the short term. This is stated in a press release from the association. A decrease in business activity on holidays and a significant reduction in the... 15.01.2013  00:01

• The Italian Ilva Iron Player was left without a major order The customer from the United States canceled his decision on the purchase of 25 thousand tons of steel pipes at the Italian Metallurgical Plant ILVA, in connection with the breakdown of the supply schedule. It is reported by Steel Orbis. A large American manufacturer of pipelines and parts for... 15.01.2013  00:01

• Steel production in the United States jumped by 3.6% The American Institute of Cast iron and steel (AISI) said that the production of steel in the United States last week grew by 3.6% after a fall by 3.9% on the year before last. In total, 1 million 819 thousand tons against 1 million 756 thousand tons of steel on December 31, 2012 to January 6,... 15.01.2013  00:01

• Demand for steel in the European Union will grow in 2013 - Meps In 2012, the visible consumption of metal rolling in the eurozone fell by more than 13 million tons (8.7%), experts of the analytical agency MEPS (International) LTD. The debt crisis limited the working capital of the enterprises. Throughout the last year, the prices for metal rolling in 27... 15.01.2013  00:01

• Brazilian usiminas raises leaf steel prices from January 20 The second largest steel company Brazil, USINAS Siderurgicas de Minas Gerais Sa (usiminas), accepted it decided to increase the selling prices for hot -rolled sheet steel. This is reported by Bloombreg reporters. As stated in the message, starting on January 20, 2013, USIMINAS will increase... 14.01.2013  15:10

• The Government of Ukraine will release bonds of 8 billion hryvnias to save Naftogaz The Cabinet of Ministers decided to urgently increase the authorized capital of Naftogaz of Ukraine by eight billion hryvnias by issuing bonds of an internal state loan. This is stated in the Decree of the Government No. 12 of January 9, 2013. The capitalization scheme involves the issuance of... 14.01.2013  00:01

• Half of Ukrainian steel exports are composed of slabs and workpieces According to UGMK.info, in January-November 2012, Ukrainian metallurgists shipped 20 million 711 thousand tons of various metal rolling for export. The fall in the volume of supplies abroad of Ukraine reached 5.3% compared to the same period in 2011. Meanwhile, in November 2012, the export of... 14.01.2013  00:01

• US economy will grow by 2.5% in 2013 At the Asian Financial Forum (AFF)), which opened today in Hong Kong, the Federal Reserve President Charles Evans said that the US economy will grow by 2.5% in 2013 and continue to increase by 3.5% in 2014. It is reported by Reuters. Charles Evans predicts the preservation of unemployment in... 14.01.2013  00:01