Metallurgy news

• Turboatom put into operation the modernized NS-33F2 machine At OJSC Turboatom, in the steam turbine shop No. 53, a major overhaul was completed, as a result of which the modernization of the large longitudinal milling machine NS-33F2 was carried out. This production center is designed for complex processing of large-sized parts of steam turbines and... 05.08.2015  12:40

• In Japan, imports of scrap metal increased in June According to the latest statistics published by the country's Ministry of Finance, imports of scrap ferrous metals to Japan during June this year increased significantly and amounted to 13,800 tons. Scrap metal imports were up more than 36.2 percent compared to 10,132 tonnes imports in the previous... 05.08.2015  12:06

• Ukraine reports a decline in metals trade in the first half of 2015 Exports and imports of ferrous and non-ferrous metals in Ukraine declined significantly over six months, from January to June, this year. Steel production in Ukraine has dropped significantly due to the ongoing political instability in the region. More importantly, imports and exports of steel... 05.08.2015  11:14

• US Mint Records 469% Increase in Gold Bullion Sales The US Mint reported a colossal rise in gold bullion sales during the month of July. Sales were up nearly 470 percent year on year to reach 202,000 ounces of gold in July 2015, up from 35,500 ounces of gold sold in July 2014. In fact, July sales represented the highest growth rate in a year. In... 04.08.2015  13:15

• Scrap metal prices rise in Turkey despite weak rebar exports Turkey's scrap steel imports increased during the week and are supported by higher prices. Although the export of Turkish rebar remains calm. The offer price of Turkish rebar increased to $ 410 per tonne FOB after the increase in scrap prices in Russia. However, rebar buyers in East Africa do... 04.08.2015  12:12

• VMZ increased pipe production by 36 percent in the first half of the year In the first six months of 2015, the Vyksa Steel Works (AO VMZ), part of the United Metallurgical Company (AO OMK), Moscow, produced over 1.1 million tonnes of pipes, significantly increasing production. The growth in pipe production was 36 percent compared to the results obtained in the first half... 04.08.2015  11:31

• US steelmakers filed a complaint against South Korea and other countries The US steel industry has filed a complaint against South Korea for dumping and subsidizing cold rolled steel makers. The Korean government and local metal industry representatives, in turn, said the accusation was unfounded and ridiculous. According to the Department of Commerce, Industry and... 03.08.2015  12:51

• Stainless steel production in China in the first half of the year According to the China Stainless Steel Council (Special Steel Enterprises) Association (CSSC), China produced 10.759 million tonnes of stainless steel in the first half of 2015, an increase of 0.68 percent, or 72,000 tonnes, over the same period last year. ... These products include: Cr-Ni... 03.08.2015  12:25

• Zaporizhstal announces production results for July and 7 months of 2015 Zaporizhstal Metallurgical Plant, one of the largest producers of high-quality metal products in Ukraine, in July 2015 increased pig iron production by 14.4 percent to 310.3 thousand tons compared to the same period in 2014, when the output was 271.3 thousand tons. During July 2015, steel... 03.08.2015  11:55

• Zinc concentrate shortage could drive up zinc prices - Investec A recent study published by Investec predicts a supply shortage of zinc concentrate over the next few months. According to Investec experts, this shortage of supply will lead to higher prices amid the closure of some mines. In addition, Investec believes that the implementation of the Dugald... 02.08.2015  15:28