Metallurgy news

• Marubeni Itochu to build a joint steel processing center on the outskirts of Karachi Marubeni Itochu has announced an agreement with local auto parts and component manufacturer Dawood Engineering in the Islamic Republic of Pakistan to jointly create a new company in an industrial park outside of Karachi City, Pakistan. The Korean company plans to achieve a high level of urban... 18.03.2014  10:39

• Severstal will supply large-diameter pipes for the second string of the South Stream project Severstal has announced that it has won a tender for the supply of about 160,000 tonnes of 813 mm diameter pipes for the second string of the South Stream offshore pipeline. The pipes will be manufactured by the Izhora Pipe Plant, which is part of the Russian Metallurgical Division... 18.03.2014  09:58

• In 2013, the production of stainless steel used in cable ducts increased in Russia According to experts of the Special Steels Association, the output of stainless steel in Russia in 2013 increased by 11.4 percent compared to 2012, reaching 114 195 tons. The leading manufacturer of stainless steel in Russia is VMK Krasny Oktyabr with a share of 32.8 percent of the total. The... 18.03.2014  09:25

• In two months of 2014, Azerbaijan has increased steel production by one and a half times According to the data on industrial production published on March 17 by the State Statistics Committee of Azerbaijan, in January-February 2014, the country's steel industry increased its production of metallurgical products by 47 percent compared to the same period last year (APPD). At the same... 18.03.2014  08:39

• Barack Obama has blocked the assets of a number of Russian officials due to the situation in Ukraine According to the decree of the President of the United States, the property of Matvienko, Surkov, Glazyev, Rogozin and a number of other Russian officials was blocked in connection with the situation in Ukraine. About this report RIA Novosti . Among the Russian officials against whom US... 17.03.2014  15:38

• Uzbekistan launches production of high quality copper pipe Only a few days are left until the first in Uzbekistan plant for the production of high-quality copper pipes will start operating at full capacity. Due to the fact that the colossal pace of construction was used, not even a year has passed from the first day of the construction of the new plant. As... 17.03.2014  14:36

• The state of the pipe market in 2013 and prospects in 2014 In 2013, sales of Russian pipe products increased by 4 percent YoY, mainly driven by higher oil consumption and gas pipeline construction. Throughout 2013, the consumption of seamless OCTG pipe grew, supported by the activities of oil and gas companies and an increase in the share of... 17.03.2014  10:15

• Chinese banks cut loans for the metallurgical sector Growing concerns about the financial health of overblown industries have prompted many banks to cut lending to these sectors by as much as 20 percent. Banking and industry sources say that at the same time, the China Banking Regulatory Commission (CBRC) has called on banks to submit their... 17.03.2014  09:34

• Nippon Steel assesses the impact of new sales tax on demand Japan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp, foresees only short-term impact on demand, not long-term damage from the sales tax imposed in April by the Japanese government as a stimulus, as its new president, Kosei Shindo, withered. Kosei Shindou is currently executive vice... 17.03.2014  09:00

• Cheap imports of hot rolled flat steel from China replace plates from Europe Slab sales in Europe have suffered recently due to aggressive offers of hot-rolled plates from China. Some of the Italian flat products manufacturers have already stopped buying plates in Europe and are buying HRP from China as the price is almost the same. Slabs can now be purchased for around... 16.03.2014  18:54