Metallurgy news
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Chinese state-owned companies end year with double-digit growthIn the first 11 months of 2017, Chinese state-owned enterprises increased profits by a quarter. The most profitable sectors are steel and metals, coal, oil and petroleum products. According to the Chinese Ministry of Finance, state-owned companies generated a total of 2.5 trillion yuan in profits…
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The volume of production of steel in Japan in January-March may growJapan has been gradually losing ground as the world's second largest steel producer recently, but Japan's crude steel production is projected to rise 0.6 percent in January-March to meet rising demand, the Ministry of Trade and Industry said. The Ministry of Economy, Trade and Industry (METI)…
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TMK reaffirmed compliance with ISO 9001: 2015One of the world's largest pipe producers in the oil and gas sector - Pipe Metallurgical Company (TMK) - has successfully passed the audit of the corporate quality management system (KSMK) to confirm compliance with the requirements of the international standard ISO 9001: 2015. More than 30 Russian…
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China's economy could overtake America by 2032According to the Center for Economic and Business Research (CEBR), China will become the leader in terms of GDP in dollar terms, overtaking the United States, by 2032. The four largest economies in the world will include India and Japan, which is associated with the constant growth of economic…
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Zaporizhstal shipped 573,000 tons of rolled metal by river transportIn 2017, Zaporizhstal shipped over 573 thousand tons of rolled metal by water. Thus, 17 percent of the total volume of metal products produced by the plant was sent by water to Bulgaria, Greece, Romania and Turkey. The use of water transport allows the plant to reduce logistics costs. The general…
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MENA region outperforms overall steel productionSteel production in the MENA region has already exceeded total production last year, according to the latest statistics released by the World Steel Association. In January-November 2017, the output of MENA metal products amounted to 70.77 million tons against 68.23 million tons in 2016. On an…
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Political goals and realities of Indian metallurgyIndian steel mills have raised production capacity to play a role in Modi's Make-in-India agenda as well as take over a larger share of the burgeoning market. But they are increasingly forced to export steel, expecting domestic demand to catch up. In fact, India is exporting more of its steel…
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Nippon Steel's 2018 Global Steel Demand ForecastNippon Steel & Sumitomo Metal Corp, the largest steelmaker in Japan, expects steel demand to remain strong globally in 2018, including in top consumer China, the company president said. “I am not worried about the economic slowdown in China after the fall Congress of the Communist Party,” said…
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Global stainless steel production up 7.4%The International Stainless Steel Forum (ISSF) has released production statistics for the nine-month period in 2017. According to the ISSF, global stainless steel production for the nine months of 2017 was 36.08 million tonnes, up 7.4% over the same period in 2016. Stainless steel production in the…
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ThyssenKrupp and Tata Steel move closer to setting up a joint steel companyThyssenKrupp has reached an agreement with IG Metall to continue working on a joint venture with Tata Steel. It can be created early next year. ThyssenKrupp and Tata Steel intend to create a joint steel company in Europe, in which each side will own half of the shares. An agreement with the German…
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