Metallurgy news
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Indonesia to launch 8 nickel smelters in 2015Construction of eight nickel smelters is expected to be completed in 2015, according to an official statement from Indonesia's Ministry of Energy and Mineral Resources. Construction of another 12 nickel smelting facilities will be completed in 2016, said Sukhyar, general manager of the coal and…
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The era of steel paradise ends in ChinaYears of double-digit economic growth and constant urbanization have increased the country's demand for alloys. Steel has been used in everything from buildings and infrastructure to automobiles and household appliances. Consumption in China has grown by an average of 15 percent each year since the…
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Japan Says Q2 Steel Output Drop To 6-Year LowJapan's steel production from April to June is forecast to fall 7.8 percent from a year earlier, the lowest quarterly output in six years, the Ministry of Economy, Trade and Industry (METI) said. The slump in steel output is the latest in a series of signs that economic growth is slowing, despite…
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India's gold imports hit multi-year highAccording to official trade data released by Gujarat Export Corporation Limited (GSECL), imports of gold bullion by the state hit their highest level in four years during the 2014-2015 fiscal year, which was primarily due to the relaxation of import regulations on gold from the new government…
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Foreign companies line up after sanctions lifted against IranThe adopted preliminary agreement on Iran's nuclear program provides a start for Western business groups to rapidly enter a potentially huge and undeveloped market. Energy and transportation companies are literally lining up to capitalize on changes in trade relations. Oil and gas companies were at…
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Russia ready to help Pakistan's steel plantPakistan Steel Mills, headquartered in Karachi, built with the participation of the Soviet Union in 1970, is the largest industrial plant with a production capacity of 1-5 million tons of steel and iron foundries. Now the plant is unprofitable and suffers from disputes arising in connection with…
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Chinese factories modernize order book - NewssummarySome large Chinese steel mills are making significant efforts to modernize their product portfolios in response to the elimination of inefficient capacity, the One Belt and One Road project, the expansion of rail links with Russia, and other favorable Chinese policies. The rapid development of…
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Will copper prices continue to rise?Copper prices have continued to rise since the beginning of the year, helped by the Chinese government's stimulus measures. Prices on the Shanghai Futures Exchange registered a 1.98 percent gain, while copper on the London Metal Exchange (LME) rose 1.7 percent in three months. Most analysts are…
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Tata Steel acquired Nordic Service Centers from SSABTata Steel completed the acquisition from SSAB (Sweden) of two service centers and 50 percent of a third service center, in which the company already owns 50 percent. Tata Steel acquired SSAB's service centers in Halmstad in Sweden and Naantali in Finland, as well as the remaining 50 percent of…
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US government moves away from green electronics standardsThe White House has issued a new federal development practice directive that markedly weakens the need for federal electronics purchases to comply with EPEAT standards. The standard promotes the development of green electronics, including the recovery and reuse of many types of devices. EPEAT, a…
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