Tag «Steel»

Mechel Reports 1Q2013 Operational Results

Moscow, Russia – May 13, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q2013 operational results. Production: Product Name 1Q2013, thousand tonnes 4Q2012, thousand tonnes % 1Q2013, thousand tonnes 1Q2012, thousand tonnes % Run-of-mine coal 6,406 6,970 -8 6,406 6,413 0 Pig Iron 972 1,054 -8 972 …

Mechel Announces Board of Directors’ Resolutions

Moscow, Russia — April 22, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the resolutions of Mechel OAO’s Board of Directors. The Board of Directors of Mechel OAO (the Company) held a meeting on April 19, 2013. The following resolutions were adopted at the meeting: 1. To …

SSAB presents steel for use in high temperatures

Toolox, with its high temperature characteristics, will be presented by SSAB at Bauma in Germany. The steel, which was initially developed for the casting of plastic parts, has also proved to have the characteristics required from extreme high-temperature environments, where material is exposed to great force and high wear. The target group now identified by …

STEEL ELIMINATES WEIGHT GAP WITH ALUMINIUM FOR CAR BODIES

New studies show a further reduction in body structure mass DETROIT – 16 April 2013 – The latest in a continuing series of research studies strongly suggest that steel auto body structures in the near future can be as lightweight as today’s aluminium bodies, while meeting all crash performance standards and at comparable cost of …

PCM Group announces acquisition of RAIL.ONE GmbH

Siliguri, 8th April – PCM Group of Industries today is proud to announce that it has acquired RAIL.ONE GmbH, a 118 years old German company the pioneer international conglomerate of concrete railroad sleepers and systems provider for railway track, high-speed lines, urban transit and heavy-duty railroads. It has facilities and state of the art plants …

Index of Eight Core Industries (Base: 2004-05=100), February 2013

The   Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP).  The combined Index was 144.4 in February 2013 with a growth rate of (-) 2.5% compared to their 7.7% growth in February 2012.  The decline in  growth in February,2013 was on account of negative growth witnessed in Electricity generation and …