Russians may Invest in Turkish Steel

Agah Ugur, a top-level executive in the Borusan Group, one of Turkish steel giant Borcelik’s owners, said the steel industry in Turkey had considerable growth potential and investments would continue because of ... More


Turkey tops the World average in steel production rate

Raw steel production in Turkey reached 15.3 million tonnes in the first eight months of 2006, an increase of 11.1% over the same period last year. According to the Iron and Steel Producers' Association report, the increase in raw ... More


Bulgaria metallurgical industry leads EU-related eco spending

Bulgaria's metallurgical industry has sunk some 2 bln levs in eco projects and has budgeted another 1.5 bln levs for similar initiatives over the next 3 years, said Politimi Paunova from the branch chamber of the ferrous and ... More


ALUMINUJ and GLENKOR sign contract worth 10 mln dolllars

Representatives of the plants “Aluminuj” d.d. Mostar and “Glencor International AG” from Switzerland, have signed a contract on the delivery of new equipment for foundry modernization worth 10 million ... More


Kosovo’s Ferronikeli to recommence production in 2007

The Kosovo mining e smelting Nickel plant Ferronikeli, bought by the British Alferon, has started operating. Initially, the preparatory work was made: roads around the factory and damaged technology have been repaired, and ... More


State Stake in Slovenian Steel Group for Sale

The 55.35% stake that the state holds in the Slovenian Steel Group will be put up for sale in a call for bids to be published on Friday. The deadline for the submission of bids is 20 November. To preclude speculative bids, ... More


Sale of Steel Group Erdemir approved

Turkey's competition board said on Wednesday that it had approved the privatization of the country's biggest steel company, Erdemir, for a second time in order to override a court order blocking the sale, Turkish daily news ... More


Combine "Trepča" could be sold in 2-3 years at price of 200m EUR

Priština's daily newspaper in Albanian language "Koha ditore" writes that the international and Kosovo's authorities could soon start the procedure for sale of Mining-Metallurgy Combine "Trepča". The main reason ... More


Acroni Opens a New Plate Production Line and Dust Facility

With the new dust-cleaning facility the plant will decrease its emissions far below the permitted amount, while the new line will increase the company's yearly production of heavy plates to 100,000 tonnes, which will put the ... More


Tender for three companies of the Steelworks possible

In case there were interested buyers, the Government of Montenegro shall announce tenders for three companies under the Holding company Steelworks in Niksic - the Institute for Ferrous Metallurgy, Radvent and MMK Standard. The ... More


Mechel is not selling its Romanian plants

The sell of the metallurgical plants owned by Mechel in Romania is not a priority for the Russian group, which is working on a plant restructuring plan, where they could invest USD 55 M until 2009, according to those declared by ... More


Bulgarian aluminium co Alcomet upgrades production

Shumen-based aluminium producer Bulgarian stock exchange has launched into operation a new semi-continuous billet casting line, said the company's PRO Ivan Dinev. The new facility, bought from U.S. manufacturer Wagstaff for 3 ... More


Arcelor, Bamesa to invest EUR 30 M in Romania

European group Arcelor and Spain’s Bamesa will invest EUR 30 M in construction in Topoloveni (Arges County) of a service centre for steel products, which will manufacture products for the automotive and home appliance ... More


Israeli company Shabum, interested in Rulmentul Brasov

Shabum International company, in association with Iscar, both from Israel, is interested in taking part in the privatisation of Rulmentul Brasov, on Tuesday announced the company from Brasov. Shabum intention was presented to ... More


Aluminium firm Alcomet to upgrade production lines

Shumen-based aluminium producer Alcomet said it will invest 5.5 mln euro by the end of 2006 to modernise the extrusion and casting production lines. The company expects sales to exceed 100 mln euro this year, propelling Alcomet ... More


Slovakians Eye Sisak Ironworks

Slovakian steel producer Podbrezova targets a takeover of Sisak Ironworks, while the head of Podbrezova Vladimir Sotak already started negotiations with representatives of Croatian government on privatisation of ... More


Dalekovod Co. Signs Deal in Ghana

Croatian company Dalekovod signed a contract on delivery of 4.200 tonnes of metal construction consisted of 279 pieces of telecommunication poles of different heights from 30 to 150 metres to Ghana, while contracted delivery ... More


Horex Opens Warehouse Worth €3m

Horex Trade d.o.o., a company dealing with the distribution of steel products, opened a new warehouse worth more than €3 million, 'CT' reports. New warehouse was constructed as the first segment of a future logistics and ... More


Bright Future for the Aluminium complex in Podgorica

Bright future is ahead of the Aluminium Complex in Podgorica (KAP), but before that, it must pass through a long and dark tunnel it has entered, the management of the company states. Michael Franz, the member of the Board of ... More


Wire Rolling Mill resuned production

The Wire Rolling Mill, the plant of the Steelworks in Niksic which was moved, has restarted the production today in the Institute for Ferrous Metallurgy in Niksic. Last year, the Institute dismantled, overhauled, renewed and ... More