Metallurgy news
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USA imposed anti-dumping duties on pipe imports from Korea and TurkeyThe US Department of Commerce (DOC) announced its decision to impose preliminary anti-dumping duties on welded main pipes imported from South Korea and Turkey. The decision was taken on the basis of a one-year survey, which ended on September 30 of the previous year. Imported products that were…
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CIS steel production continued to decline in AprilCommonwealth of Independent States (CIS) crude steel production declined 4.7 percent during April 2015 compared to the same month a year ago, according to the latest data released by the World Steel Association. Despite the growth in steel production in Belarus, Kazakhstan and Russia, the total…
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Russian billionaires hit hard by lower oil pricesThe sharp drop in world oil prices has had a strong impact not only on the global economy, but on the fortunes of Russian billionaires, many of whom have become rich on this product. According to Wealth-X and the UBS Billionaire for 2014, the value of many of the 114 Russian billionaires in the…
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China enters into multi-billion dollar agreements in Russia, Latin America and IndiaRecent visits by Chinese leaders to Russia and Latin America, as well as Indian Prime Minister Narendra Modi's visit to China, have resulted in at least $ 80 billion in deals and agreements signed with solar and infrastructure manufacturers. The treaties also take into account monetary arrangements…
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BIR assesses the use of non-ferrous scrapThe Bureau of International Recycling (BIR) has published a report on the recycling of non-ferrous scrap in various countries of the world. Construction work in conjunction with the upcoming FIFA World Cup in Qatar and the World Expo 2020 in Dubai has boosted the supply of non-ferrous scrap to the…
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Aluminum will drop in price to $ 1,732 per ton - LMEIt is reported that on the London Metal Exchange (LME), the price of aluminum may fall to $ 1,732 per tonne, as indicated by the analysis of the Fibonacci projection and the wave pattern. This third wave of the three waves in the cycle corresponded to a high of $ 1.977 per tonne on May 6. The wave…
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Industrial tin use continues to growThe use of tin in the battery industry is expected to grow rapidly. This is the conclusion reached by the participants of the Shanghai Tin Forum held in China. During the presentation, one of China's leading battery manufacturers, Tianneng Power, predicted that tin use in the lead-acid battery…
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Japanese companies will build steel plants in IranThe state news agency IRNA reports that 12 representatives of a delegation from 10 Japanese firms signed a final agreement on the construction of the first metallurgical plant in Chabahar in the presence of the Japanese Ambassador to Iran. According to the delegation's report, the contract for the…
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Asia's steel production fell 1.2 percent in AprilAccording to the latest figures released by the World Steel Association, Old Asia is still the largest steel producer in the world, although steel output declined slightly during April 2015 from the same month a year earlier. The drop in production was 1.32 percent, which is associated with a…
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The court recovered $ 10.6 million from Mechel in favor of SberbankThe Moscow Commercial Court ordered the mining and metallurgical company Mechel and three of its subsidiaries to pay Sberbank USD 10.6 million and RUB 6.8 million in arrears. As reported in http://madek.ua/, Sberbank of Russia filed a lawsuit to raise money under two loan agreements dated October…
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