Metallurgy news

• China's Hebei Steel Gets Approval for $ 6 Billion Modernization Project Hebei Steel Group, the largest steel producer in China, has received approval for a 42.4 billion yuan ($ 6.2 billion) project, which will reduce its steel production capacity by almost 2 million tons by upgrading old technologies. China, the world's largest steel producer and consumer, is... 22.03.2017  12:03

• OMK continues to modernize its pipe production The Russian Pipe Company (OMK) announced that it continues to carry out a full range of modernization and technical re-equipment of equipment for the production of pipe products at its subsidiary AO VMZ, Vyksa Metallurgical Plant. It is planned to fully modernize the existing production of... 22.03.2017  10:07

• Italians have come to an agreement with Gazprom Russian gas company Gazprom and Italian energy company Eni signed a Memorandum of Understanding on Russian gas supplies to Italy. The southern corridor is very important for Moscow, as this can prove the need to build a new supply route bypassing Ukraine. According to Gazprom head Alexei Miller,... 22.03.2017  09:31

• China's non-ferrous metal production is projected to grow in 2017 Production of major non-ferrous metals such as copper, aluminum, lead and zinc is expected to grow 4.8% year-on-year in China in 2017, equivalent to 55.37 million tonnes, according to a report issued by the Ministry of Industry and Information Technology. (MIIT). MIIT said that for the... 21.03.2017  10:53

• Indian Steel Ministry Explains Industry Situation In his opening remarks at the end of India Steel 2017, Metals Minister Chaudhary Birender Singh said that the past 3 years have been quite challenging for the Indian steel industry. The Indian government had to intervene strategically to provide policy and regulatory support, which yielded... 21.03.2017  10:34

• The largest container ship in the world was built in South Korea The South Korean shipyard Samsung Heavy Industries (SHI) has built the world's largest container ship with a capacity of 20,150 TEU. This is the first of a series of four vessels ordered in February 2015 by Japanese shipowner MOL (Mitsui OSK Lines), which has the tenth largest fleet. The MOL... 21.03.2017  09:51

• German steelworkers achieve wage increases as a result of the strike IG Metall and western German steel employers have reached a wage agreement that could serve as a pilot deal for the entire sector. A joint announcement was made that 72,000 metallurgists in northwest Germany will receive 2.3 percent more wages from April. The wage agreement also includes an... 20.03.2017  16:23

• Outokumpu supplies stainless steel for China petrochemical project Outokumpu supplies approximately 500 tonnes of Forta DX 2205 Duplex Stainless Steel for Phase 2 treatment to Jiaxing Petrochemical Co Ltd in Zhejiang Province, China. Deliveries began at the end of 2016 and the project will be completed within two years. These stainless steel plates are then... 20.03.2017  15:02

• Financial results of Metalloinvest for 2016 Metalloinvest, the world's leading iron ore and HBI producer and a regional producer of high quality steel, has released its audited IFRS financial results for the year ended 31 December 2016. Financial Indicators Income USD 4261 million (-3.0% year on year); EBITDA USD 1,258 million... 20.03.2017  14:49

• ArcelorMittal to Increase Production after Reconstruction of Plate Mill Industeel France, part of the ArcelorMittal group, has undertaken significant technological upgrades to its plate mill in Le Creusot, France, with Danieli's participation. The plant specializes in the production of highly professional flat products and forged products for the aerospace, defense and... 20.03.2017  14:35