Metallurgy news

• Taewoong Co has begun the construction of a steel plant in the city of Pusan Taewoong Co, a South Korean company engaged in the production of forged parts for heavy industry, conducted a first stone laying ceremony for the construction of a new steel plant with an area of ​​157,000 square meters at the Hwajeon industrial complex in the city of Pusan, where the company hea... 12.12.2013  10:07

• The fall in Ukraine of Ukraine in the third quarter decreased by 1.3 percent In the third quarter of Ukraine, Ukraine was reduced by 1.3 percent, while officials believe that national protests and risk of resignation of President Viktor Yanukovych can worsen the situation in the country's economy. On October 30, the Goskomstat appreciated the fall of the gross domestic... 11.12.2013  18:53

• Ukraine in January 2014 will continue to reduce the production of steel and metal In January 2014, the metallurgical enterprises of Ukraine plan to reduce the production of steel compared to the expected volume of December 2013 by 1.4 percent to 2 million 700 thousand tons. This was reported in the association of enterprises "Metallurgprom". At the beginning of next year,... 11.12.2013  16:36

• Moody 'S predicts the historically low profit level among Asian manufacturers of steel A review of the analytical agency of Moody 'S Investors Service published today, Asian manufacturers, the profit of the Asian manufacturers will remain at a record low level next year. “Prospects for Asian metallurgical and mining industries for 2014 are negative. The forecast reflects our e... 11.12.2013  12:54

• Siemens thinks on the sale of Mull Metals Technologies Siemens AG is considering selling its VAI Metals Technologies, the largest engineering company in Europe, as said by the chief executive director of Joe Kaiser. The unit with 7000 staff is developing, building and serving installations for the steel industry, including engine frequency... 11.12.2013  12:25

• ARCELORMITAL Director General in South Africa will resign in 2014 ArcelorMittal South Africa announced the resignation of the general director of Mrs. Nonkululeko Nymbezi-Heita since February 18 next year. It has been at the steering wheel of production over the past six years and has achieved significant success. The South African unit based on Luxembourg of... 11.12.2013  11:42

• Cairo shakes the strike of employees of the metallurgical plant Last Tuesday, employees of the Egyptian State Metallurgical Company Egyptian Iron & Steel (Hadisolb) announced the continuation of the strike until their requirements are completely satisfied. About 5 thousand workers of the metallurgical factory located in Helian (southern suburb of Cairo)... 11.12.2013  08:35

• Vale really wants to sell part of the shares in a joint enterprise with Thyssenkrupp According to one of their largest mining companies in the world of Vale, she decided to get out of the joint with the German company ThessenkrupP in Brazil. In an effort to reduce expenses and focus on iron ore mining, Vale announced the sale of 26.9 percent of the shares of the CSA steel plant in... 10.12.2013  11:13

• Evraz leaves Europe Today it became known that the Russian group Evraz agreed on the transfer of a steel plant in the Czech Republic of Vítkovice Steel to the Russian Vnesheconombank. The bank will finance the production activities of the enterprise until the arrival of the new investor. This was reported by the ... 10.12.2013  11:08

• Steel consumption in China in 2013 and 2014 In China, the consumption of raw steel in 2013 is estimated at 693 million tons, which determines the growth of 3.2 percent in annual calculus and is expected to reach 715 million tons in 2014. The head of the Institute of the Chinese Metallurgical Industry said that, given the current... 10.12.2013  10:17