Metallurgy news

• Gazprom: Ukraine may lose gas discount Russia has warned Ukraine that it could lose its gas price discount due to Kiev's outstanding gas debt. The Russian state gas company Gazprom estimates Ukraine's debt at $ 1,550 million for gas supplies in 2013 and still this year. Sergei Kupriyanov, a spokesman for Gazprom, said: “It seems that ... 04.03.2014  11:03

• Egyptian steelmakers cut rebar prices in March Egyptian steel companies reported lower prices for steel rebar in March. Including Beshay Steel cut its rebar prices by 110 Egyptian pounds to 4,850 pounds per tonne, and Suez Steel adjusted its prices by 130 Egyptian pounds to 4,800 pounds per tonne in March. Ezz Steel followed suit by also... 04.03.2014  11:02

• Global steel consumption to grow by 4 percent in 2014 - Lakshmi Mittal The largest steel producer ArcelorMittal predicts steel consumption growth in 2014 by 3.5 - 4 percent and worldwide steel production growth by 3 percent. Steel demand in the US and China will rise 4.5 percent, while demand in the EU will rise 2.5 percent over the previous year. ArcelorMittal... 04.03.2014  10:56

• Steel production in Ukraine decreased by 10 percent In the first 2 months of 2014, steel production in Ukraine decreased compared to the APPG-2013 to 4 million 890 thousand tons. This is reported by the Metallurgprom Association of Enterprises. In January - February 2014, the production of ferrous metal products decreased compared to the same... 03.03.2014  15:12

• Tata Steel UK will raise steel prices in April A representative of Tata Steel in the UK announced the company's intention to raise steel prices in order to fully meet the growing demand. The British edition of the Scunthorpe Telegraph writes about this today. Traditionally, Tata Steel revises steel prices on a quarterly basis, so in March... 03.03.2014  11:40

• SS Steel opens new steel billet plant in Bangladesh SS Steel opened the first European steel billet plant in Tonga, the oldest industrial area of ​​Dhaka in Bangladesh. SS Steel specializes in high-tech billet production such as the SS Tiger 500W TMT. Kazi Shaquil, Chairman of SS Steel, stated that “SS Steel must be the market leader in terms of q... 03.03.2014  11:05

• The military operation in Ukraine is killing the stock and foreign exchange markets of Russia and Ukraine The opening of trading on the Ukrainian Stock Exchange was marked by a collapse of shares and the stock index. As of 11:00 Kyiv time, the UX Index fell 6.64 percent, shares of the Alchevsk Iron and Steel Works lost 8.45 percent, Azovstal - 7.54 percent, Yenakievsky Iron and Steel - 2.07... 03.03.2014  10:57

• The restructuring of the Belgian cable production BEKAERT brings results Belgian steel cable and wire manufacturer Bekaert reported a 42 percent increase in 2013 in adjusted operating profit from its restructuring. The company boosted profits in Asia and Europe by significantly reducing its debt. Bekaert, whose steel wire reinforces a quarter of the world's car... 03.03.2014  09:51

• POSCO will replace 5 CEOs The POSCO Group will replace managers in five of the six business units as part of a reform plan identified by the new chairman, Kwon Oh Zhong, in connection with the major refurbishment of the largest steelmaker's facilities. POSCO subsidiaries have announced a key agenda for their... 03.03.2014  09:09

• ArcelorMittal Dofasco to produce steel for next-generation Ford Edge crossover The next generation of Ford's crossover, which will hit the market in January 2015, will be manufactured using Extragal steel produced at ArcelorMittal Dofasco in Hamilton, Canada. Extragal is a double-sided pure galvanized steel that provides high corrosion resistance and excellent surface... 02.03.2014  17:28