Construction works decreased by 17% in the first eight months of 2014
The volume of construction works increased in August by 2.5% compared to July, but remains 12% lower compared to August 2013. While overall the first eight months had a steeper drop of 17%, data seasonally adjusted, according to the National Institute of Statistics. The National Institute of Statistics (INS) is a specialized body of the […]
An increase in steel consumption is expected at a slower pace
Forecasting steel consumption is a key driver for manufacturing companies. The World Steel Association expects the demand to be modest. An increase in steel consumption is expected by 2% in 2014. This is a little more than in 2013, but for 2015 the forecasts are even more modest. Forecasting steel consumption in 2015, at the […]
Republic factories – the history of a dead industry
They used to be the pride of the country, and today, the ruins reminiscent of the Republica Factories in Bucharest create a depressing landscape. This is the terrible fate of the former Romanian steel factories. In the 70s, Uzinele Republica was the fifth largest producer of seamless pipes in the world. Having a production capacity […]
The European summit on October 23-24 establishes new directions
Leaders of 60 companies in the steel industry: „We all want to play our part in combating climate change, but the code of European policies until 2030 for energy and climate that determines the states must be finished in two weeks, the period that must not be put in endangering the millions of jobs supported […]
World steel magnates sound the alarm
Also, Karl Koehler announced – the planned sales of the company in the longer term. „I think we are on a downward slope here in Europe. The expected demand concerns an apparent consumption in Europe that will increase by 3 or 4%, so, yes, the demand is increasing. In our case, a turn was taken […]
UCM Resita: the story of a collapsed colossus
Resita Car Construction Plant is a heavy machinery manufacturing company from Romania. Its history begins in 1771 when two furnaces and a forge were put into operation. Then the factories in Resita were established for the production and processing of metal. In 1872, the Anina screw factory was built. Between 1954-1978 the plant expanded by […]
The plants for the production of steel in Serbia, again for sale
Serbia repurchased the steel production facilities of the Zelezara Smederevo plant from US Steel for one dollar in 2012. All this to prevent its closure and the loss of jobs for 5,000 employees, but the 100 mil. Euro ($126 million) subsidy from the state has already been swallowed due to the loss of the factory. […]
Russian steel lost its privileges in the USA
The US Department of Commerce will end 15 years of trade relations regarding imports of steel production, steel pipes and tubes from Russia. The department gave Russia 60 days to comply and mentioned that it will then apply anti-dumping obligations. Suspension of the contract will force Russia to reconsider its policy of preferential steel exports. […]
The steel industry in Saudi Arabia is influenced by the drop in oil prices
The steel industry is expected to be affected, as the sudden drop in the price of oil indicates a declining economy. Demand for steel and other construction materials in Saudi Arabia will take a hit. Saudi Arabia is one of the leaders in steel consumption in the Gulf region with a demand dictated by the […]
China plans to open access to the steel and oil industry
China is getting closer to opening its steel and oil industries to foreign investors. The Economic Planning Agency proposes a project regarding foreign ownership of some sectors, including steel and oil refining. The political draft no longer limits foreign investment in industries identified as having overcapacity, such as steel, oil refining and ethylene production, according […]
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