Metallurgy news

• Major factories in Japan reduced production of stainless steel Stainless steel production at Japan's 6 major plants in October 2014 was 287,192 tons, down 5.7 percent from 304,514 tons in the previous month. This also represents a 6.1 percent reduction from a year earlier, with stainless steel yields of 305,891 tonnes. In October, the production of several... 19.12.2014  11:54

• Southern Copper Receives Permission to Mine Expansion The Peruvian government has said it has reached an environmental agreement on a project by South Copper, an investment of $ 1.2 billion to expand Tokepala's copper quarry. The project is expected to increase the country's copper production by 100,000 tons per year. The construction of new mine... 19.12.2014  11:00

• Export price of scrap metal from Brazil fell 20 percent The country's National Institute of Ferrous Scrap said that export prices for ferrous scrap in November fell to their lowest level in 2014 and were 20 percent lower than in the same month of 2013. The value of prices for export of scrap metal in November fell to an average of $ 323 per tonne,... 19.12.2014  09:55

• Novelis selected as aluminum supplier for new Jaguar XE The Jaguar XE was recently launched in Europe. Novelis Europe Auto, a subsidiary of American aluminum company Novelis, has announced that the new Jaguar XE is the first mid-range model to use aluminum heavily for its body structure. The car's structure is made from the Novelis Advanz 6000 series... 18.12.2014  10:22

• Eurofer demands a tax on Chinese rebar The EU steel industry group, Eurofer, wants to impose a tax on imports of Chinese rebar, due to unfair pricing of products, which could lead to tensions in trade relations between Europe and China. Eurofer decided to take action against trade in rebar below intrinsic value in about 28 countries.... 18.12.2014  09:44

• RUSAL announces acquisition of Timano shares RUSAL announces the completion of a transaction with the Fund for the Support of Investment Projects in the Komi Republic in order to receive the remaining 20 percent of Timan's Boksit shares. The completed transaction provided RUSAL with the right to own 100 percent of the Timano mine. The deal... 17.12.2014  11:47

• Metalloinvest renews MGOK's license until 2034 Metalloinvest announced the renewal of its subsoil use license for the Mikhailovsky GOK mining operations in the Kursk region, Russia. The license was extended by the Subsoil Use Department for the Central Federal District and is valid until December 31, 2034. Previously, the license was granted... 17.12.2014  11:14

• Japanese steel giants plan to expand their production in Indonesia Major metallurgical companies Nippon Steel & Sumitomo Metal Corporation and Mitsubishi Steel decided to invest in the creation of new facilities in Indonesia. These two steel titans, based in Japan, are going to invest 450 million dollars in the construction of specialized metallurgical plants and... 17.12.2014  10:10

• Zinc Deficit Increases As Supply Decreases Zinc prices rose on the London Metal Exchange (LME) due to a lack of supplies from Peru following a strike at the Antamina zinc-copper mine, which supplies most of the zinc supply from Peru. Zinc shipments are declining day by day, and according to the London Metal Exchange, the amount of zinc... 16.12.2014  21:56

• USA ITC Ratifies Import Duties for Steel Wire Products from China States The US International Trade Commission (US ITC) on Monday decided to impose anti-dumping and countervailing duties on imports of steel rods and wire from China. According to the Commission, Chinese imports of these products harm the country's metallurgical enterprises. Therefore, the... 16.12.2014  12:31