Metallurgy news
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Ukraine needs new gas contract with Russia to avoid supply disruptions to EUUkraine will have to negotiate a new gas supply deal with Russia at a time when the risks of an escalation of the conflict between the two countries have re-emerged. The gas deal with Russia's Gazprom expires at the end of the month, and Ukraine needs fuel to replenish its reserves ahead of winter…
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CZP increased its net profit by 441 percent in the 1st quarterThe leading zinc producer in Russia, Chelyabinsk Zinc Plant (CZP), announced a 121 percent increase in revenues to RUB 6.913 billion in the first quarter of 2015 and a 289 percent increase in gross profit to RUB 2.541 billion compared to the same quarter last year. of the year. CZP's profit before…
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India's steel imports rise 58 percent in MaySteel imports to India rose to nearly 1 million tonnes, creating a difficult situation for domestic steel producers facing price pressures from cheap imports from countries such as China and South Korea. On the other hand, the good news for the industry is that steel consumption rose 6.8 percent…
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China increased exports of finished rolled products in January-May 2015According to the latest data released by China Customs, exports of finished rolled products increased in the first five months of 2015. However, imports of finished steel into the country registered a decline during the above period, although China is seeking to raise infrastructure spending and…
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Tata workers to strike first strike in UK steel industry in 30 yearsTata Steel workers have decided to go on strike this month over a perennial controversy over pensions. This is the first strike by UK steelworkers in 30 years. At its plants located in Llanelli and Port Talbot, Tata Steel announced its intention to close British Steel's pension scheme next March…
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India introduces anti-dumping duties on stainless steel importsThe Treasury Department imposed anti-dumping duties of $ 180 to $ 316 a tonne on some industrial stainless steels imported from China, Malaysia and South Korea in an attempt to stem surging imports and protect domestic industries. The decision was made after the Ministry of Commerce announced that…
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Scrap metal recycling and environmental protection - report“Reducing carbon emissions is a prerequisite for protecting the climate, and recycling does just that,” celebrated at World Environment Day 2015 in Genoa, Italy. The conference participants raised the question: "Why are scrap metal recycling operators not rewarded for their activities in the…
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Vale Will Increase Yield of High Iron OreBrazilian mining giant Vale SA said last week that it will expand its iron ore capacity to 450 million tonnes from its current 340 million tonnes over two years to gain more market share, realizing that this could also lead to to reshuffle and shake up the industry. President Murillo Ferreira and…
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Kazakhstan seeks to obtain Chinese loans for the implementation of copper and aluminum projectsAlbert Rau, Deputy Minister for Investment and Development of Kazakhstan, said the government is seeking about $ 3 billion in loans from China to build two new plants to increase copper and aluminum production in the Central Asian country. “We did our best to prove to them that it is more…
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Samsung will use high-strength aluminum in smartphonesFor the first time, Samsung's latest Galaxy S6 and S6 smartphones will feature a case made of high-strength aluminum. The cell phone maker has struck a deal with one of the leaders in the aluminum industry, Alcoa Inc (Alcoa). The company, with its corporate headquarters in New York, is the third…
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