Metallurgy news
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Ukrainian metallurgical companies forecast production growth in JulyAccording to the Metallurgprom Association (Dnepropetrovsk), the plan for July 2015 provides for an increase in pig iron production by 23.5 percent to 2.1 million tons. It is reported that metallurgical companies of Ukraine also plan to increase steel production in July by 4.5 percent compared with…
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Primary aluminum market reports deficit in January - April 2015The latest report, published by the World Bureau of Metals Statistics (WBMS), shows that the global primary aluminum market recorded a deficit during the first four months of this year. According to the report, the market experienced a deficit of 283 thousand tonnes of aluminum, compared with a…
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Nazarbayev and Mittal discussed the role of ArcelorMittal in the economy of KazakhstanThe company's participation in the development of the country's economy and the prospects for its activities, taking into account the current state programs of Kazakhstan, were discussed during a meeting between President Nursultan Nazarbayev and the General Director of Arcelor Mittal Lakshmi…
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Indonesia's tin exports jumped sharply in MayData released by Indonesia's Ministry of Commerce shows that the country's tin exports rose substantially this May. Exports for the month were 6,263 tons, up 23 percent from 5,071 tons of tin exported in April. Published figures are based on figures provided by companies during pre-shipment…
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China's overcapacity threatens global steelmakingThe recently concluded meeting of the Organization for Economic Cooperation and Development (OECD) showed a negative attitude towards bloated steelmaking capacity in China, while demand is showing a sharp decline. In addition, steel trade associations around the world have serious concerns about…
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Russia has increased the export of ferrous scrapAccording to updated statistics, Russia has significantly increased its export of scrap metal during the first three months of this year. Russia exported 1.115 million tonnes of scrap metal in the first quarter of 2015. Exports during the quarter were up 8.6 percent compared to exports in the same…
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China's steel production fell 1.7 percent in MayThe latest data released by the National Bureau of Statistics show that Chinese steel production fell 1.7 percent during May this year, compared with the previous year. The drop in steel production was mainly due to weaker demand in the real estate sector and weaker economic growth. China's crude…
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AISI welcomes customs billThe American Iron and Steel Institute (AISI) applauded the House's passage of the Customs Bill. According to the Institute, the bill should increase the requirements of US trade laws, offering more effective mechanisms to curb dumped imports and subsidized products in the US market. The bill was…
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Shell bets on metallurgy revival in IndiaShell oil company in India has high hopes of reviving production in the metals sector to spur growth in the country. "India is the fourth largest metals market. Currently, the country's steel production is 80 million tons per year, and expects to reach 120 million tons by 2020, and Shell would like…
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Energoatom insists on denunciation of agreement with RussiaThe Ukrainian Foreign Ministry continues to block the initiatives of the national nuclear company Energoatom, condemning the bilateral intergovernmental agreement with Russia on the completion of the construction of two reactors at the Khmelnytsky nuclear power plant. Energoatom reports that it was…
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