Metallurgy news

• Kobe Steel announces the start of operation of a new hot metal cleaning complex Kobe Steel Limited commissioned a new hot metal cleaning station in April at its Kakogawa facility in western Japan. The company built the facility to improve the manufacturing system at Kakogawa and expand sales of high quality steel products and increase its cost competitiveness. Hot metal... 23.04.2014  09:36

• OJSC Novolipetsk Metallurgical Plant increased sales in the 1st quarter OJSC Novolipetsk Iron and Steel Works reported that in the first quarter of 2014 its capacity utilization rate remained at a high level of 92 percent. The utilization rate at the main plant, NLMK, was 98 percent. Scheduled repairs are expected at the Lipetsk site in the second... 22.04.2014  11:22

• US enters rules to resolve disputes with Mexico and Turkey President Barack Obama's administration has sided with US steel producers in politically charged international trade disputes, ruling that imported rebar from Mexico and Turkey unfairly undermines US prices. The US government has decided to stop at the borders of the country arriving imports of... 22.04.2014  10:45

• China's Hebei province cuts steel production in March China's largest steelmaking province, Hebei, produced 17.43 million tonnes of crude steel in March, down 3.5 percent from a year ago. This is due to government policies to tackle air pollution in local factories, which are already under pressure from slow demand and a lack of funds. According to... 22.04.2014  09:52

• Russian factories report a trend towards higher prices for rebar Russian steel mills are likely to raise their rebar prices for the May bids. Domestic rebar manufacturers are considering increasing domestic prices from 1 to 1.52 percent over the previous month. Industry sources report that imports of these products have declined. At the same time, the stock... 21.04.2014  12:17

• China's crude steel production reached 70 million tonnes in March 2014 China's metallurgists produced 202.7 million tonnes of steel, 179.7 million tonnes of pig iron and 261.41 million tonnes of metal products during the first three months of this year, up 2.4 percent, 0.1 percent and 5.3 percent. percent respectively for the same period in 2013, according to data... 21.04.2014  11:58

• Toyota Tsusho buys Scholz AG stake in Germany Japan's Toyota Tsusho acquires a 39.9% stake in the loss-making Scholz AG group from the Scholz family to financially put the German Metal Recycling Group on a solid footing. In Germany, Scholz is one of several recycling companies capable of providing a complete recycling system through a wide... 21.04.2014  11:33

• Exports of steel scrap in Russia in the first months of 2014 Russia exported 245,000 tons of scrap metal in February, up 12.7 percent YoY, but down 1.5 percent from a month earlier. In February, Turkey was the largest importer of Russian scrap metal with 94 thousand tons, a decrease of 24.4 percent. South Korea was the second largest importer with 50... 20.04.2014  17:26

• CSC steel prices go off scale for June orders China Steel Corporation is raising steel prices from last month for June shipments, citing uncertainty in Chinese sentiment. Liu Ji, the company's vice president of sales, said that “Steel prices in China were sliding down as the end of the Lunar New Year was pointing to lower-than-expected market s... 20.04.2014  16:52

• Hyundai Steel receives export orders from UAE The Korean company Hyundai Steel, after its belated entry into the steel plate market at the beginning of the year, is receiving many orders for its overseas projects. The steel company announced this month that it plans to supply 25,000 tonnes of steel products by June 30, 2014, including 12,000... 20.04.2014  16:08