Metallurgy news

• TMK of Russia sells non-core assets The Pipe Metallurgical Company, one of the world's leading producers of pipes for the oil and gas sector, is selling non-core assets to reduce debt. TMK announced that it had sold its scrap metal recycling subsidiary TMK CHERMET for RUB 6.2 billion, which is about US $ 104.75 million. TMK... 19.01.2017  09:56

• US steel imports grow for the first time in 20 months According to data released by the US Department of Commerce, US steel imports totaled 2.544 million tonnes in November 2016, showing an increase of 14.3% over the same period in 2015 and up 3.3% over October of the previous year. for the first time in almost 20 months. Imports of semi-finished... 19.01.2017  09:42

• Steel smelting in Kazakhstan in 2016 Data released by the Statistical Commission of Kazakhstan shows that crude steel production in 2016 increased by 9.2% compared to the same period in 2015. Refined copper production also rose 3.1%, while refined zinc production rose 0.5%. Kazakhstan produced 371,700 tons of steel in December... 19.01.2017  09:25

• Outokumpu will supply stainless steel for the 36 km bridge Outokumpu provides stainless steel bar supplies for the Sheikh Jaber Al Ahmed Al Sabah Bridge in Kuwait. Deliveries will take place throughout 2017. All communications have a length of 36 km, of which 27 km is a bridge, and the rest is a sidewalk. The construction of the bridge requires, among... 18.01.2017  10:41

• Nothing stands in the way of the construction of the Turkish Stream All formalities for the international pipeline were resolved after the agreement was ratified by the State Duma of Russia. Please note that Turkish President Recep Tayyip Erdogan signed a law earlier adopted by the Turkish parliament on the ratification of an agreement with Russia on the... 18.01.2017  10:24

• ThyssenKrupp acquires Atlas Elektronik ThyssenKrupp acquires all shares of Atlas Elektronik, which was the main shareholder. Atlas Elektronik is a joint venture between ThyssenKrupp and Airbus Defense holding 51 percent and 49 percent influence, respectively. Upon completion of the transaction, ThyssenKrupp will be the sole owner of... 18.01.2017  10:07

• PJSC "Zaporizhstal" held public hearings on the construction project of the converter shop On January 17, 2017, PJSC Zaporizhstal held public hearings in the city of Zaporozhye on the project “Reconstruction of steelmaking production, with the construction of a complex for the production of hot-rolled coils as part of a converter department, a department of casting and rolling modules a... 17.01.2017  13:45

• Tokyo Steel increases prices for its products for the 3rd month in a row Tokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, will raise prices for its products for the third straight month, citing tighter international prices and domestic construction projects accompanying preparations for the 2020 Olympics. Tokyo Steel, which makes... 17.01.2017  12:15

• The threat of a new crisis for the UK steel industry has decreased The UK government has agreed to additional subsidies to reduce high electricity costs for the metals sector, pushing it back from plunging back into the crisis. However, European approval has yet to be reached to grant government aid to British steelmakers, who would bear electricity costs close... 17.01.2017  11:57

• The global zinc market is in short supply The latest statistics indicate that the global market for refined zinc was in deficit of 263,000 tonnes during the eleven months of 2016. The total number of registered zinc reserves decreased by 72,000 tons during this period. Refined zinc production for eleven months totaled 12.532 million... 17.01.2017  11:36