Metallurgy news
-
Toyota steelmakers agree to cut steel sheet pricesToyota Motor Corp. and other major steelmakers agreed to cut steel sheet prices for the first time at the beginning of this year. According to industry sources, Toyota Corp. and Nippon Steel & Sumitomo Metal Corp have cut steel sheet prices as prices for iron ore and coal used in manufacturing…
-
Tianjin Port resumes iron ore suppliesAccording to industry sources, shipments of iron ore to local steel mills from the port of Tianjin have already been resumed. One of the main roads leading to the port has been opened. It is indicated that the road leading to Nanjiang District has been opened, while roads in Beijiang Province…
-
Centenary Fairfield Works idling in USAUS Steel Corp. announced its decision to idle blast furnaces and other operations at its oldest plant in Fairfield, Alabama. Production is scheduled to close by November 17th. According to the company, the decision will affect the employment of about 1,100 workers at the plant. However, there is no…
-
Construction 3D printers are already used in RussiaThe Russian company Spetsavia presents innovative methods of building buildings using 3D printers, which will be presented at the 3D Printing Expo in Moscow. The company claims that the system can be installed on construction sites and is capable of printing whole parts as well as producing a…
-
USA reduced imports and exports of rolled copper in JuneAccording to the latest statistics released by the Copper and Brass Producers Council, imports of rolled brass to the United States fell during June this year, while exports declined marginally. The data presented show that imports of rolled brass in the United States fell 6.6 percent in June this…
-
Norilsk Nickel informs about the buyback of shares from 10 to 14 AugustNorilsk Nickel is implementing a program to buy back its own shares for up to $ 500 million, calculated by the end of 2015. In the future, all repurchased shares will be canceled. As part of this program, Norilsk Nickel bought back its shares from August 10 to 14, 2015. The shares were purchased at…
-
RMB devaluation increases competition in metals marketsChina, the world's largest producer of steel and aluminum, has sharply increased its metal exports this year in response to overcapacity and a slowdown in the country's economy. Now, following the devaluation of the yuan, markets are gearing up for possible more aggressive exports in the…
-
Alro Slatina moves from losses of last year to profit in 1 half of 2015Romanian aluminum producer Alro SA reports that its adjusted net profit amounted to 113 million lei (25.58 million euros) and was achieved as a result of lower costs and increased revenues in the first half of 2015, as evidenced by the company's financial report. In the first half of 2014, the…
-
A tin mining and processing plant will be built in northern KazakhstanA tin mining and processing plant will be commissioned in the Ayyrtausk region of northern Kazakhstan in 2018. This issue was approved at the session of the regional coordination council. The coordinating council with the participation of the governor of the region of northern Kazakhstan, Erik…
-
The fall of the Chinese currency puts pressure on goldAt a press conference in Beijing, a Chinese central bank official said the country's currency was not expected to devalue further. The People's Bank of China (PBOC) believes that "the strong economic environment, robust trade surplus, strong financial position and deep foreign exchange reserves…
Pages
← previous
next →
