Metallurgy news
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Rusal and China Hongqiao consider cooperation on aluminum processingRusal expressed its intention to cooperate with China's Hongqiao Group (Hongqiao) on the aluminum processing business during its recent visit to the company, according to the Group's website. A delegation of seven RUSAL representatives assessed the meeting as an opportunity to strengthen ties with…
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Alton Steel dismisses 88 employeesAlton Steel, Inc. (ASI), located in the heart of America, manufactures carbon and alloy steel products for the construction, automotive, fastener and hardware industries. Recently, however, the situation at the metallurgical plant has worsened due to the fall in prices on the world steel market, so…
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Lecco Metallurgical Plant in Italy relaunches productionLecco's steel mill, formerly owned by Italy's second largest steelmaker Lucchini, is due to resume production in May and plans to hire nearly 100 employees, including former workers. Lucchini was formerly owned by the Russian Severstal, but was taken under special control by the administration in…
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Fighting Illegal Dumping Doesn't Help US Steel ProducersThe US federal government has failed to stop the collapse in steel prices. "Anti-dumping sanctions don't work and in some cases are even detrimental," said Congressman Rick Nolan, who represents the Iron Range. The fall in oil prices has strengthened the US dollar overseas, making the prices of…
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The stable rating reflects the efficient operation of MMKMoody's affirms the corporate rating (CFR) of Magnitogorsk Iron and Steel Works at Ba3 and the probability of default (PDR) at Ba3-PD. The international rating agency has completed its rating downgrade, reflecting the deteriorating operating environment in Russia, and considers the rating outlook…
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Russia for the first time in 25 years outstripped the United States in gold productionWhile China maintains its place in the top ten gold producing countries in the world, it is far from the only country to see growth in the past year. Increases in gold production were also seen in a number of other countries, including Australia, Canada, the Dominican Republic and Russia. This…
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China plans to build a railway line across EverestChina is set to build a strategic, high-speed 540-kilometer rail line between Tibet and Nepal through a tunnel under Mount Everest, which worries India about the growing influence of China in its vicinity. As a result, it is planned to extend the existing Qinghai-Tibet railway to the border of…
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Ukraine opens gas sector to investorsUkraine's parliament has approved a law designed to break the monopoly and attract investment in the country's lucrative but opaque natural gas sector. In accordance with the law, Ukraine will divide Naftogaz into separate production, transit, storage and supply. Its restructuring, together with an…
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India and Turkmenistan discuss construction of TAPI gas pipeline and other joint projectsIndian Foreign Minister, Sushma Swaraj, arrived on a three-day visit to resource-rich Turkmenistan to discuss key bilateral and regional issues, including military-technical cooperation and progress on the ambitious TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project. worth 10…
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There has been an increase in prices for copper and scrap copperNorth American scrap copper prices rose in April 2015 from the lowest price index. Chinese prices for copper scrap fell slightly in early April, but the preconditions for their recovery have already appeared. The fact is that the price of copper on the exchanges remains below $ 3 a pound, but the…
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