Metallurgy news

• Evraz in the first half of the year increases profits amid cost cuts London: Evraz reported a 21% jump in pre-tax interim profit despite falling revenues as steel costs were cut and benefits from the devaluation of the Russian ruble. Income before tax was $ 120 million, up from $ 99 million in the same period last year, despite a decline in revenues to $ 4.79... 27.08.2015  13:21

• Tata Steel plans to mothball a facility in the UK Tata Steel (Tata Steel Limited), the largest steel producer in the UK, has announced its intention to mothball its South Wales plant as conditions remain tough in the global and domestic steel markets, forcing the company to focus on higher value products. Tata Steel, the second largest... 27.08.2015  12:21

• MMK mastered the production of new products At mill 5000 of the Magnitogorsk Iron and Steel Works (MMK), a program was implemented to expand the range of products, as a result of which the production of new types of products was mastered. For Mill 5000 MMK, a technology was developed for the production of hot-rolled sheet products from... 27.08.2015  11:48

• Azovstal railway products are approved by European consumers The high quality of rail fasteners produced by Azovstal (Metinvest Group) was appreciated by Skinest Baltija. These products are used as elements connecting rails and sleepers. Rail fasteners are an important element of the railway track and are used on all railways. The operation of railways is... 27.08.2015  11:29

• VMZ started production of new shaped pipes Vyksa Metallurgical Plant (AO VMZ), which is part of the United Metallurgical Company (AO OMK, Moscow), has mastered the production of rectangular and square shaped pipes with dimensions of 250 × 250 mm, 300 × 200 mm and 300 × 300 mm. These profile products were manufactured as part of the pr... 26.08.2015  13:34

• The world's ten largest steel producers in July and the first half of 2015 According to the latest statistics published by the World Steel Association, crude steel output in 65 countries that reported to the Association amounted to 132.900 million tonnes in July this year. Monthly output was down 3.8 percent from July last year. These 65 countries accounted for... 26.08.2015  12:54

• Japan fights for contract to supply submarines to Australia Japanese Defense Ministry officials and executives from Mitsubishi Heavy Industries have taken the first major step to build 12 stealth submarines for the Australian Navy during public briefings for defense contractors in Adelaide. European firms are also in talks with representatives of the... 26.08.2015  12:18

• Global DRI production continued to rise in July The latest statistics released by the World Steel Association show a further increase in direct reduced iron (DRI) production from major global steel producers during July 2015. Global DRI production during July this year was 5.233 million tonnes, up 2.33 percent from 5.114 million tonnes achieved... 25.08.2015  19:02

• Kazakhstan is conquering its markets Kazakhstan's decision to let the tenge float freely, which caused a 22 percent devaluation against the dollar, was greeted by local producers who had lost their market share against Russian competitors. The country has seen an increase in grain and coal imports recently, and car supplies from... 25.08.2015  13:28

• Chinese Defeat Spreads New Areas Copper, aluminum, nickel and other commodities tumbled to new lows amid fears that China's faltering economy will cause the market to drown in metal. Copper and aluminum fell to six-year lows. Nickel fell 10 percent. Zinc and lead have slipped to five-year lows, while gold, which tends to be a... 25.08.2015  12:21