Metallurgy news

• Kobelco bets on high demand for aluminum sheet from Japanese automakers Kobe, also known as Kobelco, is a leading supplier of aluminum and steel sheet to Japanese car and auto parts manufacturers. The third largest steelmaker in Japan, Kobe, operates in nine segments and steel will only contribute about 20 percent of this year's profit. Kobelco expects higher demand... 22.05.2015  10:49

• NLMK Consolidated Results for 1Q 2015 During Q1, NLMK Group's steelmaking capacity was operating at 96 percent. Net income rose 39 percent on a quarterly basis and 85 percent on an annualized basis to $ 321 million. In Q1 2015, steel production declined to 3.87 million tonnes, down 6 percent qoq and 1 percent year-on-year. This is... 22.05.2015  09:30

• The global zinc market was in surplus in Q1 2015 The latest statistics published by the International Lead and Zinc Research Group (IGISC) indicate that the global zinc market had a surplus of 140,000 tonnes in the first quarter of this year. Total zinc stocks on the London Metal Exchange (LME) decreased by 180 thousand tonnes during the quarter.... 21.05.2015  15:52

• Russian exports of stainless steel fell in January-April In the first four months of 2015, Russia exported 927 tonnes of stainless steel, which represents a 67 percent drop in export shipments year on year, according to the Special Steels Association. Russian exports of stainless products also decreased during 2014 by 31.2 percent to 8647 tons, compared... 21.05.2015  10:44

• Chinese steel mills triumph in Europe The European Union is fighting a tough fight against dysfunctional steel demand in the end-use segment as the economy struggles to survive and even grow in some countries. A sharp drop in industrial growth and demand from key consumers of the metal, namely construction and auto production, worsened... 21.05.2015  09:46

• Ferrous scrap market statistics - BIR The Bureau of Recycling International (BIR) has published a report: "World Steel Recycling in Figures". The report was presented at the World Recycling Convention in Dubai and provides a comprehensive analysis of scrap metal markets around the world. According to the report, global crude steel... 20.05.2015  12:28

• Russia will increase production of rare earth metals Russia possesses significant reserves of rare earth elements, but still produces quite a bit. China controls the rare earth market. The demand for these products is growing rapidly, and Russia can take advantage of it, according to industry experts. Often, when talking about the largest... 20.05.2015  11:09

• POSCO identifies key steps to increase profits in 2015 POSCO is a large steel manufacturer headquartered in South Korea. In contrast to the weak forecasts for US GDP, the estimate for the South Korean economy predicts 3.8-4.0 percent growth for both 2015 and 2016. Under these conditions, POSCO is well positioned given its deep-rooted position in the... 20.05.2015  10:16

• Turkish rebar exports rose sharply in March The monthly import and export statistics published by the Turkish Statistical Institute (TUIK) show that the export of rebar from the country increased significantly during March and the first quarter of this year. Imports of billets and slabs also showed growth over the reporting... 19.05.2015  12:00

• Norilsk Nickel presented an update to its annual strategy Norilsk Nickel, the world's largest producer of nickel and palladium, presented to the investment community a corporate strategy aimed at increasing the company's shares and strengthening its leadership in the industry. The main directions of the strategic initiatives will be the modernization... 19.05.2015  11:28