Metallurgy news
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Copper demand will recover only at the end of 2016Santiago: The Minister of Mines of Chile, the largest copper producer, said that the price of copper could only recover from the recent downturn at the end of 2016. Speaking to reporters in Santiago, the minister noted that global markets should return to deficits by the end of next year. The…
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EU anti-dumping duties do not help local stainless steel productionDespite anti-dumping duties imposed on imports of cold rolled stainless steel from China and Taiwan, local factories in Europe continue to grapple with poor demand from a slowdown in the global economy led by China. In 2013, EU imports from China and Taiwan accounted for up to 17 percent of the…
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Tensions rise in the US in the steel sectorNext week, 30,000 US steelworkers are due to expire, including 2,300 at ArcelorMittal's Minnesota plant, which is now in its worst situation in years. Steelworkers rallies erupted across the country, including in Minnesota. This month, a Pennsylvania stainless steel plant, Allegheny Technologies…
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Severstal to invest 150 million rubles in a museum of advanced steelsSeverstal, one of the world's leading steel producers, is announcing the opening of the first of its kind metallurgical museum in Russia, designed to attract young talent to the rapidly growing industry. Severstal has already invested almost 150 million rubles in a project that should show young…
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US Steel Production Falls Compared To Last YearAccording to the latest data from the American Iron and Steel Institute (AISI), the United States cut crude steel production by nearly 10 percent year on year to 1,742,000 tonnes in the week ended Aug.22, and a capacity utilization rate of 72.9 percent. According to AISI, production for the week…
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China plans to shake up the aluminum industryChina is pushing two of its largest aluminum smelters to merge as it restructures its public sector to create the world's largest aluminum producer. State Power Investment Corp (SPI) is in talks to divest its aluminum assets and merge with Aluminum Corp of China (Chinalco), allowing SPI to focus on…
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Largest Lead Acid Recycling Plant to Open in NevadaAqua Metals has begun construction of a lead acid battery recycling facility in McCarran, Nevada. The company expects to start production in the second quarter of 2016. Aqua Metals expects to achieve a yield of 80 tonnes of lead in the fourth quarter of 2016. This state-of-the-art facility will…
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Evraz in the first half of the year increases profits amid cost cutsLondon: Evraz reported a 21% jump in pre-tax interim profit despite falling revenues as steel costs were cut and benefits from the devaluation of the Russian ruble. Income before tax was $ 120 million, up from $ 99 million in the same period last year, despite a decline in revenues to $ 4.79…
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Tata Steel plans to mothball a facility in the UKTata Steel (Tata Steel Limited), the largest steel producer in the UK, has announced its intention to mothball its South Wales plant as conditions remain tough in the global and domestic steel markets, forcing the company to focus on higher value products. Tata Steel, the second largest steelmaker…
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MMK mastered the production of new productsAt mill 5000 of the Magnitogorsk Iron and Steel Works (MMK), a program was implemented to expand the range of products, as a result of which the production of new types of products was mastered. For Mill 5000 MMK, a technology was developed for the production of hot-rolled sheet products from steel…
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