Metallurgy news

• AISI welcomes customs bill The American Iron and Steel Institute (AISI) applauded the House's passage of the Customs Bill. According to the Institute, the bill should increase the requirements of US trade laws, offering more effective mechanisms to curb dumped imports and subsidized products in the US market. The bill was... 15.06.2015  13:55

• Shell bets on metallurgy revival in India Shell oil company in India has high hopes of reviving production in the metals sector to spur growth in the country. "India is the fourth largest metals market. Currently, the country's steel production is 80 million tons per year, and expects to reach 120 million tons by 2020, and Shell would like... 15.06.2015  12:55

• Energoatom insists on denunciation of agreement with Russia The Ukrainian Foreign Ministry continues to block the initiatives of the national nuclear company Energoatom, condemning the bilateral intergovernmental agreement with Russia on the completion of the construction of two reactors at the Khmelnytsky nuclear power plant. Energoatom reports that it was... 15.06.2015  11:54

• Japanese steelmakers continue to cut CO2 emissions Japan's steelmakers want to help the country achieve its goal of reducing CO2 emissions while reducing its contribution to global warming. And they took measures to dispose of waste gases and heat. The metal industry in Japan has set a goal to reduce CO2 emissions by 30 percent by 2050. Japanese... 14.06.2015  16:06

• Bonita starts production of stainless steel microwave ovenware Indian company Bonita, a leading manufacturer of stylish and innovative home appliances and food storage and preparation, has developed a revolutionary product - stainless microwave bowls. Bonita bowls will not only satisfy those concerned about the health risks of using plastic in the microwave,... 14.06.2015  11:40

• Scrap metal imports in the EU fell by 17 percent Scrap metal imports to the EU-28 countries fell sharply during the first quarter of this year, according to the latest EU statistics. According to trade data, imports of ferrous scrap into the EU-28 region during this period amounted to 648,429 tons. Scrap metal imports decreased by 17.1 percent... 13.06.2015  14:01

• TMK opens a new workshop at TMK-ARTROM TMK's subsidiary ARTROM in Romania has commissioned a precision tube workshop focused on the production of hydraulic cylinders for the automotive industry. The opening ceremony took place in the city of Slatina, which was attended by the Romanian State Secretary for Economic Affairs Popa Maricel,... 12.06.2015  15:45

• MMK announces profit in Q1 2015 The largest steel producer in Russia, Magnitogorsk Iron and Steel Works (MMK), reported a net profit of $ 196 million for the 1st quarter of 2015, based on financial results presented in accordance with IFRS. In a statement, the company noted that a year earlier, the first quarter ended with a net... 12.06.2015  13:43

• Severstal-SMC-Vsevolozhsk opened a service center A joint venture between the Russian PJSC Severstal and Japan's largest financial and industrial group Mitsui, ZAO Severstal-SMC-Vsevolozhsk, has presented a new service center. The joint venture was established in 2010 with the aim of further processing Severstal's automotive steel sheet along the... 12.06.2015  12:48

• China's steel production continues to fall Steel production in China fell 1.7 percent to 69.95 million tons in May from a year earlier, and output in January-May was 340.17 million tons, down 1.6 percent from the same period last year. At the same time, exports from the country continue to grow. Government data showed that this is due to... 11.06.2015  14:07