Metallurgy news

• Mexico hijacks illegal iron ore ship Mexican authorities hijacked a drug cartel ship carrying 68,000 tons of illegal iron ore. Authorities received an anonymous phone call after the ship left the port of Lazaro Cardenas. The mayor of the city was arrested on suspicion of having links with drug traffickers. Mexico has seized more than... 03.05.2014  10:21

• An overview of the use of steel in the EU automotive industry EUROFER believes that the soft growth scenario for vehicle sales and production from 2014 to 2015 looks plausible, which will require even more high-strength and light steels. EU passenger car sales showed a further increase in the first two months of 2014. YoY sales rose 6.6 percent in the largest... 02.05.2014  12:37

• Italian steel king Emilio Riva dies ANSA has reported that the Italian king of steel, Emilio Riva, has died at the age of 87. The Italian Steel Federation said Italy had lost a big captain in industry. The Riva Empire is the third largest in Europe and the 18th largest in the world. It includes the troubled ILVA group with the... 02.05.2014  12:03

• Iron Ore Bond Financing Should Help Chinese Metallurgists Baoshan Iron and Steel believes that the Chinese method of financing the use of iron ore can help local metallurgists by reducing raw material prices. The Baosteel chairman said that "financing of iron ore import deals ran into risks, but if mitigating those risks can bring iron ore prices back... 02.05.2014  10:30

• Overview of steel use in the EU construction sector - EUROFER In the first quarter of 2014, activity is growing mainly due to the seasonal effect, but in mid-2014 construction will decline in the EU. The situation is likely to continue until 2015. Since 2015, a growing demand for shopping centers, schools, hospitals is expected. In the last quarter of... 01.05.2014  11:21

• Rio Tinto is not worried about falling ore prices Rio Tinto's head of iron ore sales, Andrew Harding, says he is not worried about a sharp drop in iron ore prices for at least the next two years. Despite the 2.7 percent drop in the price of the steelmaking ingredient throughout the day, all the way to $ 105 a tonne, Andrew Harding said he is... 01.05.2014  10:57

• Krakatau Steel presents first quarter results Indonesia's state-controlled largest steelmaker Krakatau Steel, based in Cilegon, reported losses in the first quarter of this year, citing low revenue. Against this backdrop, Krakatau Steel has cut its planned overhaul costs for this year to $ 500 million from an initial estimate of $ 800... 01.05.2014  10:19

• Gazprom reaches agreement with OMV and Allseas on South Stream construction Gazprom signed an agreement with the Swiss company Allseas Group for the construction of a pipeline in the Black Sea, and a preliminary agreement was reached with the Austrian company OMV for the construction of a pipeline to be completed in Austria. Allseas is expected to lay a pipe about 900... 30.04.2014  18:15

• In Slovakia, the U.S. Steel made a profit in the first quarter US Steel Corporation (USS) reported earnings and that its earnings were positively impacted by higher prices and economic savings programs. Net income was $ 52 million, or 34 cents per share, in the same period last year, and a loss of $ 73 million, or 51 cents per share, was recorded. In... 30.04.2014  17:34

• The Tata Group encourages innovation across all business sectors The Tata Group plans to promote the development of innovative programs at the group level in all of its companies. Currently, most of the group's companies innovate in isolation and independently of each other, said Mukund Govind Rajan, a member of the conglomerate's executive board. In 2007,... 30.04.2014  17:09