Metallurgy news
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MMK cooperates with Russian metal centersMagnitogorsk Iron and Steel Works (MMK) delivered 565,000 tons of rolled metal to service metal centers in Russia over the seven months of this year. This was noted at the 6th all-Russian conference "Service metal centers: equipment, technologies, market", held in Samara. The MMK spokesman said…
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Precious Metals ReportGOLD: Gold prices fell after the ECB left rates at an all-time low, fueling the dollar against the euro. Prices recorded their second negative weekly close. Prices fell after the ECB cut its GDP forecast and inflation targets in response to falling commodity prices. Analysts expect an increase in…
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Severstal placed an order for the installation of galvanizing and polymer coating linesPAO Severstal has selected the CMI Group as a supplier of a new highly efficient hot-dip galvanizing line and polymer coating line to be installed at its Cherepovets plant in Russia. Severstal has contracted with CMI Industry Metals to provide design and construction services for process equipment…
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Italian rebar market expects further declineMarket sources indicate that Italian rebar prices are showing further declines throughout September this year. It should be noted that the price remained stable throughout August. The plunging scrap prices in the country, coupled with extremely poor demand for rebar, are cited by experts as the…
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Rio Tinto predicts modest growth in global steel and iron ore demand through 2030Rio Tinto announced that it expects a slight rebound in global demand for iron ore and steel over the next fifteen years. The miner predicts that global demand for iron ore will grow by 2 percent, bringing the annual growth rate (CAGR) to 3 billion tons by 2030. In addition, global steel demand is…
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US plans to develop Arctic natural resourcesDuring a visit to Alaska, President Obama announced the expansion of the US Navy. The US government wants to increase the number of icebreakers as much as possible to close the gap with Russia. The United States currently has only three icebreakers, while Russia has 40 icebreakers. Eleven more…
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Nippon Steel Completes Expansion Of Iron Ore Project In AustraliaNippon Steel & Sumitomo Metal has announced the completion of the second phase of expanding its iron ore export capacity as part of its Robe River joint venture in Western Australia. In 1977, the then separate companies Nippon Steel and Sumitomo Metal began to participate in the project. The second…
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Scrap metal price in the US remains stable for the third week in a rowIn the United States, average scrap prices remained at $ 210.83 per tonne as of August 31, 2015, flat from the previous week. For the third consecutive week in the United States, average steel scrap prices have remained stable. At the same time, steel production is falling. The average price of H1…
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Norilsk Nickel Raises Nickel Deficit Forecast for 2016Norilsk Nickel, one of the world's largest nickel producers, raised its 2016 nickel deficit forecast by an additional 5,000 tonnes, due to a reduction in production capacity at large producers and a drop in nickel prices. The Russian company also predicts a sharp drop in the output of Chinese…
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MEPS predicts a slow recovery in stainless steel pricesThe trend in the global stainless steel market has been relentlessly negative over the past twelve months. Only a few minor monthly increases, reflecting fluctuations in the LME (London Metal Exchange) nickel price, increased the value of trades on a downward trajectory. The average price of 304…
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