Metallurgy news
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European steel production is unlikely to reach 2008 level - EUROFEREUROFER's long-term forecasts do not anticipate a further recovery in market share by increasing steel production in BOF and electric arc furnaces to 2008 levels, at least in this decade. EUROFER believes that the European steel industry cannot ensure a return to pre-crisis levels of steel…
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Severstal announces 1Q 2015 production resultsRussian steel giant PJSC Severstal announced 1Q15 operating results. The production assets remained at almost full capacity, while the mini-factories continued to further increase production. During 2015, the group increased steel output by 2 percent to 2.96 million tonnes compared to Q4 2014 (2.89…
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Global copper market deficit widens in 2014 - ICSGPreliminary data released by the International Copper Research Group (ICSG) shows that the global refined copper market ended in deficit in 2014. In addition, the deficit has increased over the previous year. According to ICSG, the market deficit during the past year was 475,000 tons, which is…
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MMK and ChTPZ are holding a meeting with the aim of further cooperationThe Magnitogorsk Iron and Steel Works together with the Chelyabinsk Pipe Rolling Plant have achieved success in the implementation of a strategic cooperation program that ensures the supply of high-quality pipe products to oil and gas companies. The enterprises entered into an agreement that…
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ArcelorMittal supplies steel for the construction of a shopping center in EgyptArcelorMittal delivered steel products manufactured at the ArcelorMittal plant in Poland in Swietochlowice for the construction of a shopping center in Egypt near Cairo. In addition, a technical design team in Poland provides technical support for the client. The deliveries were made in close…
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US steel production continues to fallIn the United States, crude steel production fell 12 percent in the last week alone to 1,621,000 tonnes, and capacity utilization was 68.6 percent, according to the latest data released by the American Iron and Steel Institute (AISI). At the same time, a weekly drop in US steel production has been…
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The rise in prices for rare earth metals has stoppedThe city of Baotou is the epicenter of China's rare earth metals industry, which produces about 90 percent of the world's total. China's industry consumes 70 percent of the 17 elements (REE) used in various high-tech industries, including renewable energy, medical devices and defense technology…
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In the USA, imports and exports of rolled brass decreasedThe Copper and Brass Manufacturers Council reported that imports and exports of rolled brass to the United States fell sharply during the first months of the year. According to the data, imports of rolled brass to the United States in February this year amounted to 34.1 million pounds, down 11…
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Serbia approves the implementation of the UAE construction project in BelgradeSerbian lawmakers, after heated discussions, gave the green light for the implementation of a riverbank development project in Belgrade, financed by an investor from Abu Dhabi. The developers hope to begin excavating the Belgrade embankment this year, transforming the gloomy desert on the eastern…
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Citigroup predicts iron ore price fall below $ 40 per tonCitigroup expects iron ore prices to drop to $ 36 a tonne in the third quarter and remain below $ 40 for the rest of the year as large miners continue to increase their supply capacity and demand from China declines. Iron ore has lost 60 percent in the past 12 months, dropping below $ 50 a tonne…
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