Metallurgy news
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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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EVRAZ announces $ 200 million investment in EVRAZ ReginaEVRAZ North America announces its intention to make its largest investment, approximately $ 200 million, in its Western Canada steel production EVRAZ Regina (formerly known as IPSCO). In the next two years, investments will be directed to the installation of a new two-stage large diameter pipe…
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Ukraine extends VAT exemption for scrap metal until 2017The Cabinet of Ministers of Ukraine extended the resolution that defines the list of operations with scrap of ferrous and non-ferrous metals, in particular, imports and exports, which are exempt from value added tax until January 1, 2017. The amendments provided for in the Resolution of the Cabinet…
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Aluminum price will average $ 1840 per ton in 2015 - NatixisThe French bank Natixis in its latest report predicts the price of aluminum on the London Metal Exchange (LME) to average about $ 1840 per tonne in 2015, and an average of about $ 2,000 per tonne in 2016. In its H1 2015 metals survey, Natixis predicts a tug of war between positive and negative…
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Hyundai Motor to merge steel subsidiariesHyundai Motor plans to merge its two steelmaking subsidiaries Hyundai Steel and Hyundai Hysco next month. Both companies will hold meetings of directors and shareholders to approve the deal. The combined structure will have an annual production capacity of 30 million tonnes of steel products…
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World steel prices fell 4 percent in MarchFlat product prices continue to fall in the United States. Imports from all over the world were able to quickly gain a share of this market, which is encouraged by the strong dollar and slow economic growth in the countries of Europe and Asia. Internal capacity utilization fell sharply to below 70…
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Chinese corporation Sinosteel to build a metallurgical plant in KenyaChina's state-owned Sinosteel Corporation has signed a Memorandum of Understanding with the Kenyan government to build a new steel plant in Kenya. Chinese investment is expected to improve Kenya's trade balance and foreign exchange reserves, as the country is now dependent on steel imports for most…
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Steel production in the CIS continues to fallCommonwealth of Independent States (CIS) steel output declined 6.0 percent during February 2015 on an annualized basis, according to the latest data released by the World Steel Association. This is due to the fact that the growth of production in some countries could not compensate for the decline…
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South Korea will increase investment in the non-ferrous metals industryMajor companies in South Korea have made significant investments in zinc, aluminum and nickel production and also intend to continue expanding the industry as demand improves. Korea Zinc Inc, a non-ferrous metals company in South Korea, plans to complete construction of its No. 2 non-ferrous…
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Analysts may cut iron ore price forecast to $ 30 per tonMarine supplies of iron ore dipped below $ 50 per tonne and analysts are likely ready to cut their forecast in the coming weeks to a new low of $ 30 per tonne. Based on the verbal skirmish of the miners, it became abundantly clear that the Big Three are not going to reduce the volume of iron ore…
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