Metallurgy news

• Long products market will be oversaturated in the short term - IREPAS The International Association of Manufacturers and Exporters of Rebar has published a report suggesting an oversupply in the global long products market, which will emerge in the near future. Companies that are engaged in construction of buildings from metal structures or use long products in... 11.09.2014  11:06

• Tata Steel will start production in Kalingi Nagar in 2015 Tata Steel announced that it plans to begin phase 2 operations at its steel plant located in Kalingi Nagar, Jaipur, in March 2015. Around the same time, the company is also set to begin production at a ferroalloy plant in the Ganjam area, in Gopalpur. These two projects will provide jobs for... 11.09.2014  10:28

• South Korean scrap imports rose 5.2 percent in July According to the updated data, South Korea's scrap imports during July this year increased slightly compared to the previous year. However, imports of scrap steel in the country decreased in the first seven months compared to imports during the corresponding period last year. The total volume of... 10.09.2014  14:01

• US steel shipments rise 2.4 percent month-over-month - AISI The latest report released by the American Iron and Steel Institute (AISI), an association of North American steelmakers, noted that US steel shipments rose 2.4 percent in July 2014 from the previous month. In addition, shipments in July this year were up 2.6 percent from the same month the... 10.09.2014  12:57

• Japanese and Indonesian companies set up a joint venture to build a steel plant Indonesian steel company PT Krakatau steel and Japanese company Osaka Steel signed a declaration on a new joint venture, PT Krakatau Osaka Steel. The deal was signed by the presidents of the companies who consider the creation of the joint venture very timely, as there is an increase in demand for... 10.09.2014  12:06

• The collapse of iron ore prices requires sacrifice The continuing decline in prices since the beginning of this year has been 38 percent and the price of iron ore has slipped to $ 83.60 per tonne. Against this background, takeover deals have emerged, which now also raise doubts. And Chinese mines are on the verge of shutting down due to high... 09.09.2014  13:16

• Taiwan's Feng Xin keeps rebar prices and scrap steel unchanged Taiwan's largest producer of long products, Feng Xin Steel, has decided to keep prices for rebar and long products at the level approved at the beginning of September unchanged. The company also announced that it plans to keep its scrap purchase prices unchanged for several weeks. According to a... 09.09.2014  11:43

• Debt of Chinese steelmakers is approaching a critical level The first six months of 2014 were not easy for the Chinese economy, which was on a slowdown path. And for the steel companies in China, the situation was even more difficult. More than half of the Chinese steel companies, summing up the first half of the year, found that their debts had reached... 09.09.2014  11:08

• Ukrainian crude steel output fell in the first 8 months Steel production in Ukraine was 19.69 million tonnes in the first eight months of 2014, down 11 percent from the same period last year, according to data released by the Ukrainian Producers Association Metallurgprom. During this period, the output of finished steel products in the country also... 08.09.2014  13:32

• Metalloinvest achieves robust performance amid adverse conditions The financial results for the second quarter, published by the Russian group Metalloinvest, show that its revenue was $ 3,533 million, down 7.7 percent year-on-year, its EBITDA (earnings before interest, taxes, depreciation, etc.) depreciation) reached $ 1,087 million, down 11.6 percent in the same... 08.09.2014  13:29