Metallurgy news

• Russian firms analyze the impact of events in Ukraine Russian companies and banks are looking at events in Ukraine with dismay because they could lose billions in investment and business in the former Soviet republic. Russian banks are Ukraine's largest lenders, accounting for 12 percent of the sector with about US $ 28 billion of exposure, including... 13.03.2014  09:13

• ThyssenKrupp will close the railway block German steelmaker and industrial conglomerate ThyssenKrupp AG halted the sale of its railroad and construction businesses, failing to attract acceptable buyers. The company that initiated the process of selling its units to GfT Gleistechnik and GfT Bautechnik said that after reviewing bids and... 12.03.2014  10:45

• ArcelorMittal has chosen a partner to develop new welding technologies ArcelorMittal has teamed up with leading welding system manufacturer ANDRITZ Soutec, promoting cutting-edge laser welding technology around the world. ArcelorMittal has developed the patented Usibor laser ablation technology for welding hot stamping steel. The partnership with ANDRITZ Soutec will... 12.03.2014  09:27

• Russia increased stainless steel production in 2013 by 11.4 percent In 2013, Russian metallurgical plants increased the production of primary stainless steel by 11.4 percent compared to 2012 to 114 thousand 195 tons. This was reported by the Russian Association "Spetsstal". The Krasny Oktyabr plant became the leader in the production of stainless steel in the... 11.03.2014  12:08

• Krakatau Steel plans to cut costs through joint venture with Posco Krakatau Steel, the state-controlled steelmaker, expects the production of its joint venture Krakatau Posco to help cut costs and mitigate the risks of a weaker currency. Krakata Posco, a joint venture with South Korea's Posco block, delivered its first production of steel slabs to its parent... 11.03.2014  12:05

• Iran's annual steel production rises Iran's annual crude steel production will reach 15 million tonnes by the end of the current Iranian calendar year, which ends March 20, the chairman of the Iranian Steel Producers Association said. Bahram Sobhani added that according to forecasts, steel production should increase to 55 million tons... 11.03.2014  11:14

• Steel mills in China will keep demand for iron ore Mining giant BHP Billiton reiterated its positive view on Chinese demand for iron ore, iron ore president Jimmy Wilson said at the conference. He explained this by the fact that steel production in China will peak at about 1.1 billion tons in the next ten years. “We remain confident that global d... 11.03.2014  10:11

• ArcelorMittal Considers Increasing Ukrainian Steel Exports Amid Political Crisis ArcelorMittal, which has production facilities in Ukraine, sells a certain part of its products to other markets. Domestic demand growth in the region was slower than expected due to the difficult political situation. In addition, demand for steel in the Commonwealth of Independent States (CIS),... 11.03.2014  09:22

• Mitsubishi Heavy Industries merges its three companies The three companies of the MHI Group, specializing in the manufacture of mechanical systems, electronic controllers, steel pressure pipes, steel structures and other industrial equipment, are joining their business. The new company, which plans to provide a comprehensive approach to operations... 10.03.2014  15:51

• The work of the National Bank in Crimea is blocked by the authorities of the autonomy - Yatsenyuk The Prime Minister of Ukraine Arseniy Yatsenyuk announced the disruption of treasury services and the work of the National Bank in Crimea. “The so-called occupying Crimean authorities announced their intention to switch to the ruble zone and actually cut off the service of both the Treasury and t... 10.03.2014  15:23