Metallurgy news
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Outokumpu continues modernization work with SMS GroupOutokumpu Nirosta, as part of the modernization of its SG 3 cold rolling mill in Krefeld, Germany, has placed another order with the world renowned machine and complete plant manufacturer, SMS Group. The refurbishment will also cover the existing lubrication system. The Outokumpu Group is one of…
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Iran wants to raise duties on steel imports from ChinaIranian steel companies have asked the government to raise import duties on some steels to 40 percent as cheap sales have skyrocketed around the world, mainly from the largest steel producer, China. Steel exports from China are up nearly 30 percent this year from a record high last year, despite…
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China's steel production continues to decline amid rising exportsIn the first five months of 2015, crude steel production in China was 340.170 million tonnes, down 1.6 percent year on year, according to a statement from the China National Development and Reform Commission (NDRC). And the June growth rate is 4.3 percentage points lower than in the same period…
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EVRAZ modernizes the Regina steel plant in CanadaPrimetals Technologies has been awarded an order to modernize the EVRAZ steel plant in Canada. The project covers a full range of solutions for the improvement of mechanical equipment, electrical equipment and production automation in order to improve the quality of products, from the liquid steel…
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All alumina produced by AGK will be supplied by KrAZRUSAL, the world's leading aluminum producer, announces that by 2018 it plans to reorient all production at the Achinsk Alumina Refinery to supply raw materials to the Krasnoyarsk Aluminum Smelter, which consumes almost 2 million tons of alumina per year. This will ensure 45 percent of alumina…
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Factors influencing the price of copper in 2015Analyst Jared Cummans wrote that copper is one of the oldest metals known to man and has been used as a currency for over 10,000 years. Now, this metal is key in industrial and construction industries, from electrical wiring and piping to heating and refrigeration equipment. Copper is now…
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Mexico extends duties on CRC imports from Russia and KazakhstanThe Mexican Ministry of Economy announced an extension of countervailing duties applied to imports of cold rolled steel coils (CRCs) from Russia and Kazakhstan. Countervailing duties on cold rolled steel imported from Russia and Kazakhstan will remain in effect until June 30, 2020. The decision was…
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Japan to invest $ 20 billion in solar energy in IndiaIndia's plans to use solar energy massively have received a large amount of investment from Japan's SoftBank. Softbank Corporation believes that India can become a world leader in this area. This confidence prompted the Japanese to make an ambitious $ 20 billion contribution to India's solar energy…
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SHFE approves Norilsk Nickel brands for delivery against futuresThe Shanghai Futures Exchange has approved the application of the Russian Norilsk Nickel to supply its nickel brands to the exchange, the SHFE announced on its website. Russian Norilsk Nickel has been authorized to supply three brands of nickel since June 29, 2015, including the Norilsk N-1…
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China has reduced imports of scrap metalChina's scrap metal imports fell in May this year. The import of steel scrap into the country during May 2015 amounted to 220,000 tons, which is 3.1 percent lower compared to the previous month of this year. China imported 226,900 tons of scrap in April 2015. In addition, imports of scrap metal to…
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