Metallurgy news
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Steel imports fell in the US in March, with significant growth since the beginning of the yearThe American Iron and Steel Institute (AISI) reports that steel imports during March 2015 totaled 3.744 million tonnes. This is 3 percent less compared to the 3.855 million tons recorded in February. Since the beginning of 2015, imports of steel and finished rolled products amounted to 11.849…
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Steel demand in Russia may decrease in 2015According to a report submitted by the Russian Steel Associations, domestic demand for finished steel products is likely to decline significantly during 2015, and the country's steel production may also fall from the previous year. Domestic demand could decline by almost 11.5 percent in 2015 to 40…
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Japan Sharply Increases I-Beam ExportsThe latest statistics released by the Japanese Ministry of Finance show that I-beam exports have grown significantly over the past period in 2015. According to the updated data, the country's export of I-beam amounted to 43 thousand tons in February, showing an increase of 27.1 percent compared to…
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Sberbank is not ready to restructure the loan to RUSALThe head of the Russian Sberbank, German Gref, said that the bank was not ready to restructure the loan to the aluminum producer RUSAL. Sberbank, the main creditor, accounts for 48 percent of RUSAL's net debt. This loan was pledged by RUSAL's shares in Norilsk Nickel. "There is nothing new. There…
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Features of Turkish imports of scrap metalTurkey consumes one fifth of the world's scrap steel imports and is the most important scrap receiving market . Turkish imports of scrap metal from the UK rose 88.3 percent year on year to 563,000 tonnes during the first months of this year, the Turkish Iron and Steel Manufacturers Association…
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European stainless steel makers cut surcharges for AprilMajor stainless steel producers in Europe have announced reductions in the stainless steel surcharge during April 2015. Major manufacturers such as Aperam, Outokumpu and Acciai Speciali Terni are among those who have announced reductions in surcharges. Other stainless steel makers, including…
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RUSAL modernizes alumina productionRUSAL, the world's leading primary aluminum producer, announces the launch of a program to increase alumina production at the Ural Aluminum Smelter (UAZ) with the goal of reaching an annual capacity of 900 thousand tons. Investment in the project is expected to amount to more than $ 23 million. The…
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In Latin America, imports of rolled steel from China up 41 percentAccording to the latest statistics released by the Association of Steel Producers (ALACERO), imports of Chinese rolled steel to the Latin America region grew by almost 41 percent during the first months of this year compared to the previous year. Chinese exports of steel products to the region…
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The fate of the Eurozone in the hands of GermanyWhile the European economy has received support from declining oil prices and a weak euro, renowned economist Nouriel Roubini says there are many challenges to be faced to ensure a sustainable economic recovery, especially in Germany. In his latest report, Roubini lists five major obstacles to the…
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UAE plans to build auto parts plantAbu Dhabi Ports signed an agreement with AMS to build a steel plant for the production of auto parts in the emirates. The plant in the port of Khalifa, in the Qizad industrial zone, will produce products such as brake discs and brake calipers for the global automotive industry. The steel plant's…
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