Metallurgy news
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ThyssenKrupp Expands Investment in China's Steel SectorGerman industrial group ThyssenKrupp has agreed to buy a stake in a Chinese steel company to strengthen its position as a supplier of products to carmakers in southwestern China. Other areas in which ThyssenKrupp is experiencing strong growth and leading the market in China include slewing bearings…
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Baosteel keeps June product prices unchangedIn China, major steelmaker Baoshan Iron & Steel will maintain current prices for its main products in June. The company said it will keep the price of hot coils and cold rolled coils for some brands unchanged. Cooling economic growth, in line with government plans, and a downturn in the real estate…
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Ukraine doubled gas imports from RussiaAlexey Miller, CEO of Gazprom, said gas supplies to Ukraine doubled in May after Hungary and Poland suspended reverse supplies. Miller said Ukraine's demand for Russian gas has nearly doubled since May 1. Gas supplies from Russia to Ukraine were less than 9.2 million cubic meters per day as of…
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Imports and exports of rolled brass declined in the USAAccording to the latest statistics, imports and exports of rolled brass to the United States fell in the 1st quarter and March of this year. Imports of rolled brass were 48.1 million pounds in March this year, down 5.2 percent from imports recorded in March 2014. Germany was the main exporter of…
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Norilsknickelremont installs new plasma cutting equipmentTo increase the efficiency of the production process for cutting sheet metal, a new plasma cutting system is being introduced at the Norilsknickelremont subsidiary. Until recently, at the site for the manufacture and repair of technological equipment, the cutting of blanks was carried out only…
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Chinese Steel Exports Up 10.9 Percent Even Without DiscountsExports of Chinese steel products rose 10.9 percent in April from the previous month. Chinese manufacturers have managed to cut production costs despite the cancellation of the export discount on boron-doped steel products. Customs data showed that China is seeking to rein in exports to bypass…
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Dollar growth negatively affects US steel exportsA stronger US dollar is slowing the country's steel exports, which fell 13.8 percent YoY in March this year to 896,027 tons. Also, steel exports decreased by 7.1 percent in the first quarter of 2015 compared to the same period last year and amounted to 2.7 million tonnes per quarter. On an annual…
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Global stainless steel production to hit record highs in 2015 - MEPSA leading steel sector consultancy predicts global stainless steel production is set to hit new highs this year. Global production is projected to grow 3.4 percent during 2015 and hit a new record of 43.1 million tonnes. World production was 41.7 million tonnes in 2014, showing a steady increase of…
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Silver deficit plummets 95 percentThe rise in silver mining and a slowdown in consumption in the Chinese economy led to a sharp drop in the silver deficit in 2014. The market deficit narrowed to just 4.9 Moz in 2014, compared to a deficit of 111.9 Moz in 2013, according to a report compiled by the GFMS for the Silver Institute…
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Turkish steel exports fell slightly in AprilThe latest data released by the Turkish Steel Exporters' Union (CIB) suggests that the export of steel products from the country declined slightly in April 2015. Turkish-made steel exports totaled 1.6 million tons in April, down 0.7 percent from April last year. Steel exports generated total…
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