Metallurgy news

• Devaluation of the Ukrainian currency is a boon for the owners of steel plants in Ukraine Ukraine has recently been at the epicenter of the storm due to political and economic instability. It is known that the EU countries froze the assets of the former president due to allegations of corruption. The anger of European and global financial institutions has led to a tightening of lending... 07.03.2014  10:39

• Steel consumption growth in India in the first quarter is almost zero Slow economic growth has been weighed down by low steel consumption in India, which increased by just 0.7 percent in the current fiscal year over the same period last fiscal year. The Joint Committee said the country had consumed 67.253 million tonnes of steel in the current year and said that... 07.03.2014  10:00

• Export steel cargoes freely leave Ukrainian ports Steel exports continue to be quietly dispatched by Ukraine's key global suppliers through Black Sea terminals in ports that maintain normal schedules, despite worldwide concerns about the country's tense political situation. The Ministry of Infrastructure of Ukraine informs that all loading and... 06.03.2014  12:06

• Tough times are approaching for steel mills in Turkey, Ukraine and Russia Scrap steel prices in Turkey, which buys almost 25 million tons a year and determines global trends, continue to slide down for more than a month amid political uncertainty that has led to a severe devaluation of the Turkish lira. According to the latest information, several deals were carried... 06.03.2014  11:43

• National Assembly of People's Deputies opened The annual session of the Chinese Parliament is being held in Beijing, at which MPs discuss their vision of the development of the Chinese economy and metallurgy, in particular, for the next year. The Great Hall of the People's Assembly in Beijing gathered thousands of delegates for the nine-day... 05.03.2014  10:45

• Global stainless steel consumption grew 4.5 percent last year According to the Bureau of International Recycling (BIR) global stainless steels and special alloys market research survey, global stainless steel consumption in 2013 increased by 4.5 percent compared to 2012. At the same time, a similar increase in demand for stainless steel is expected this year.... 05.03.2014  10:20

• Taiwanese steel giant CSC plans to increase production in the second quarter China Steel Corporation (CSC) predicts its second-quarter production will grow about 2.5 percent from the previous quarter, driven by higher orders. Analysts believe the increase in orders is being driven by China Steel's decision to raise its domestic wholesale prices for future contracts. At... 05.03.2014  10:06

• Voestalpine built a new plant in South Africa Voestalpine, an international steel company based in Linz, Austria, continues its internationalization strategy and opens a new pressure metals plant in East London, South Africa. The factory producing high quality automotive components is an important step in a comprehensive globalization strategy... 05.03.2014  09:28

• For two months of 2014, Zaporizhstal increased the production of rolled metal by 5 percent In January - February 2014, the Zaporizhstal metallurgical plant of Rinat Akhmetov's Metinvest Group increased its production of pig iron by 0.3%, steel - by 0.2%, rolled products - by 4.9% compared to the same period in 2013. Production indicators of Zaporizhstal Iron and Steel Works for... 04.03.2014  19:34

• Downturn in iron ore consumption will hurt BHP Billiton and Rio Tinto's bottom line Falling iron ore prices prompted Australian miners BHP Billiton and Rio Tinto to lower their expected earnings this year. Investment bank Goldman Sachs has joined in pushing the price of Australia's most lucrative iron ore export to $ 80 /t over the next 2 years. Rio's forecast for a 9 percent... 04.03.2014  11:55