Metallurgy news
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ArcelorMittal supplies steel for Brazil's super portArcelorMittal Brazil supplied about 59,000 tonnes of steel for the construction of Acu Port in the country's southeastern state of Rio de Janeiro. The company supplied 47,000 cut and bent rebars manufactured on the Belgo Pronto block along with 12,000 tonnes of steel sheet piles. Sheet piles are…
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OMK and Rosneft signed a partnership agreementUnited Metallurgical Company and Open Joint Stock Company Rosneft signed an agreement on cooperation in the field of petroleum products. The document defines the areas of cooperation between the two companies in terms of development, testing and production of lubricants and other petroleum products…
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Gold-dollar relationship remains tricky - WGCGold continues to play an important role in investor portfolios, as does the US dollar, which is at a 12-year high, according to the latest research from the World Gold Council (WGC). A report from the Gold Investor Council says that due to the short-term strength of the US dollar, a negative…
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Alcoa receives financial support to expand aluminum sheet productionThe US Department of Energy (DOE) will issue a loan to Alcoa to support its expansion in Tennessee. The commitment is seen as the first step towards a $ 259 million loan, and the final approval of the loan requires the completion of certain steps outlined in the contract. These funds will cover…
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MMK becomes a supplier of rolled metal products for Ford in RussiaOJSC Magnitogorsk Metallurgical Plant announced that it is named as a supplier of rolled metal for Ford vehicles produced in Russia. MMK is successfully completing the process of accepting sheet steel from Ford Sollers Holding. The Russian automaker Ford expects to increase the supply of auto…
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List of the world's best steel producers in February 2015According to the latest statistics published by the World Association of Steel Producers, the steel output of 65 countries of the world, which reported the data to the Association, amounted to 127.626 million tons in February this year. These 65 countries accounted for approximately 98 percent of…
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EU levies AD duties on cold rolled stainless steel imports from China and TaiwanThe European Commission imposed temporary anti-dumping duties of up to 25.2 percent on imports of cold-rolled stainless steel from China and up to 12.0 percent on imports from Taiwan, following a complaint filed by EUROFER in May 2014. A Commission investigation confirmed that imports of cold…
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Norilsk Nickel received a permit for the development of the Maslovskoye depositThe Russian government issued a decree granting the MMC Norilsk Nickel a license for exploration and production of platinum, copper and nickel at the Maslovskoye deposit located in the north of the Krasnoyarsk Territory c. The corresponding document was published on the website of the Government of…
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Morgan Stanley Copper Price PredictionThe price of copper has recovered from its sharp drop earlier in the year, climbing more than 6 percent in the past month. However, Morgan Stanley cut its 2015 metal price forecast by about 16 percent to $ 5,945 a tonne amid weak demand from China. Morgan Stanley experts remain convinced that base…
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US steel imports fell 18 percent in FebruaryThe American Iron and Steel Institute (AISI) reported that the United States imported a total of 3.584 million tonnes of steel in February 2015, including 2.832 million tonnes of finished steel, showing a drop in volumes of 18.4 percent and 20.7 percent. percent, respectively, in relation to the…
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