Metallurgy news

• Steelmakers' profits rise amid cheap coal Spot coking coal prices are down 17 percent this year, and contract prices are expected to fall 7 percent over the next three months. China's efforts to reduce pollution, coupled with surplus shipping coking coal, will help lower the price of the commodity, according to Hong Kong analysts at UOB... 26.06.2014  10:12

• The Supreme Arbitration Court of the Russian Federation supports NLMK's actions The Supreme Arbitration Court of the Russian Federation upheld previous court decisions to cancel the decision of the Federal Antimonopoly Service, which confirmed the involvement of Novolipetsk Metallurgical Plant in the application of unreasonable prices for transformer steel for Russian... 25.06.2014  12:47

• Russia reduced imports of seamless stainless steel pipes According to the data of the Association "Spetsstal" in the first quarter of 2014, the volume of imports of seamless stainless pipes decreased by 47.5 percent and amounted to only 2,128 tons, compared to the same period last year. The main imported goods were cold rolled seamless pipes. Such... 25.06.2014  12:05

• Japan's steel exports up 8.1 percent in May The country's steel product exports climbed 8.1 percent in May from the previous month, according to data released by Japan's Ministry of Finance (MoF). During the month, exports amounted to 3499 thousand tons, which is 4 percent lower compared to exports in the same month last year. Exports in... 25.06.2014  11:41

• OMK launches new equipment to fulfill a large order for South Stream Trubodetal Zavod, an open joint stock company based in Chelyabinsk, which is part of the United Metallurgical Company (ZAO OMK), has introduced new equipment for cold bending. The machine will produce bent bends of 812.8 mm in diameter and wall thickness up to 40.1 mm, made of K65 strength class... 25.06.2014  10:27

• Severstal North America wins national award Columbus, Mississippi - Severstal North America, a leading steel producer in the United States and a subsidiary of Severstal, a global metals and mining company, received the Excellence in Steel Production Efficiency award. The award was presented because the scrap purchase and optimization... 24.06.2014  11:38

• Asian steel production rose 2.6 percent in May Asian steel production rose 2.6 percent year-on-year in May, according to the latest data released by the World Steel Association. China's total crude steel production in May was 70.432 million tonnes, up 2.6 percent from 68.675 million tonnes in May 2013. India produced 7.080 million tonnes of... 24.06.2014  10:32

• European stainless steel production rose slightly in May Consolidated stainless steel production in the European Union was 710 thousand tonnes in June, an increase of 1 percent YoY, according to a report released in Germany based on data from Damstahl. In recent years, Damstahl has significantly strengthened its position as a think tank with sales... 23.06.2014  12:08

• Metallurgical plant in Smederevo should start work The Zelezara smelter in Smederevo will start operating at its previous capacity when one of the two furnaces is rebuilt, Serbian media reported. Due to the lack of raw materials, one of the furnaces of the metallurgical plant in Smederevo has not been operating for several years, and the other... 23.06.2014  11:27

• World crude steel production up 2.2 percent in May According to the latest statistics released by the World Steel Association, steel production in 65 member countries in May this year was 141.184 million tons, up 2.2 percent from production in the same month the previous year. The total production of crude steel in the 28 EU countries in May... 23.06.2014  10:29