Metallurgy news

• Chinese steelmaking relies on consumers After a harsh winter, China's steel industry must prepare for a tough year ahead. But there are positives for the consumer-oriented portion of the sector. China's top steelmakers suffered a $ 368 million loss in the first quarter, the worst three-month period since 2000, according to the China... 06.05.2014  10:15

• French industrialists interested in bankrupt steel firm Ascometal A group of French industrialists and investors have announced plans to make an offer of at least € 40 million ($ 56 million) to bankrupt French steelmaker Ascometal to acquire its assets. Ascometal operates six factories in France and has sales of 969 million euros. The company supplies s... 06.05.2014  09:29

• US Steel plans to cut headcount worldwide In terms of planning for "headcount reduction," the US Steel Corp. is going to lay off a number of employees worldwide, which also includes a certain number in Pittsburgh. The company explains that the cut is mainly driven by a desire to save money. The company claims that the United States... 05.05.2014  12:11

• Slowdown in the stainless steel market The cold rolled stainless steel market is showing a slow response despite the rise in nickel prices. Negotiations for a June shipment are sluggish as nickel has surpassed $ 1,800.00 on the London Metal Exchange (LME) and Japanese refineries assume speculative demand. Customers are still showing a... 05.05.2014  11:29

• Latin American steel imports from China increased 95 percent Imports of finished rolled steel from China to Latin America hit a record 1.9 million tonnes between January and March 2014, up 95 percent from the 951,938 tonnes imported in January-March 2013. The region contains 11 percent of the 16.5 million tonnes of finished steel exported by China to the... 05.05.2014  10:32

• ThyssenKrupp offers a new zinc coating ThyssenKrupp presented zinc-magnesium coatings for the automotive industry: ZM EcoProtect and ZM PrimeProtect. They have several advantages over existing pure zinc coatings and can now provide protection for the entire vehicle body. Zinc-magnesium coatings offer superior corrosion protection. In... 04.05.2014  14:25

• Prospects for the pipe industry in the EU The first data and estimates of the production activity of the pipe industry in Q1 2014 show a slight increase of about 0.5 percent YoY for steel pipe production in the EU. However, the discrepancies at the state level remain significant. Fundamental pipe demand is expected to improve during the... 04.05.2014  11:26

• OJSC Tulachermet and SMS group signed a contract for 180 million euros OJSC Tulachermet and SMS group signed a contract for the supply of metallurgical equipment. The cost of the order will be around 180 million euros. The contract was signed in Dusseldorf, Germany. The construction of a converter and rolling mills on the basis of a complex in the immediate vicinity... 04.05.2014  11:01

• The aluminum market will be in short supply HSBC experts in the metal outlook report say that the global aluminum market is expected to change oversupply to shortages this year. HSBC said that aluminum production outside of China will decline in 2014 and 2015. China's current aluminum production accounts for 46 percent of world... 03.05.2014  12:00

• USA confirms duties on Japanese flat products The US International Trade Commission found that local metallurgy was being supplanted by cheaper imports from Japan. They set a tariff policy for Japanese nickel-plated flat products. Thomas Steel Strip Corp, a division of Indian conglomerate Tata Steel, complained about an import of steel used... 03.05.2014  11:18