Metallurgy news
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Japanese steel production continues to declineThe latest statistics released by the Japan Iron and Steel Federation (JISF) report a drop in crude steel production in the country during February this year. The decline in production is primarily due to a weakening of domestic demand and a decline in exports. Steel production in the country in…
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Top 10 Tin Processing Companies in 2014According to ITRI, the list of the world's top ten tin producers in 2014 remained the same as in the previous year. However, eight of these ten companies reported an increase in production in 2014 compared to 2013. All of the top 10 Chinese companies increased their production of refined tin in…
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Growth in the supply of semi-finished aluminum products raises concernsAt the first meeting of the working group on the aluminum industry, formed by Russia and the UAE, deep concern was expressed about the growth in exports of semi-finished aluminum products, especially from China. During the meeting, held in Moscow, they also discussed measures to ensure transparency…
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Steel production in Russia increased in January-February 2015According to data released by the Federal State Statistics Service, crude steel production in Russia in the first two months of 2015 amounted to 11.7 million tonnes, an increase of 5.5 percent over the same period last year. During this period, production of rolled steel in the country amounted to…
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Chinese metallurgists announced price cuts for HRC and CRCChinese steelmakers, including Hebei and Shougang, announced price reductions for hot and cold rolled products in April this year. According to the price list published by Hebei Steel, the prices for HRC and CRC in the domestic market will be reduced by 100 RMB per tonne. In addition, there will be…
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China will dominate global gold pricing - ANZAustralia and New Zealand Banking Group (Australian bank) in an analytical report said that the country is likely to "dominate" in determining the global price of gold, based on the fact that China's financial exchanges continue to grow and expand at a very fast pace. “In addition to our role as…
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USA decided to impose import duties on Turkish welded pipesThe US Department of Commerce (DOC) has tentatively decided to impose import duties on welded line pipes from Turkey. The decision was based on the fact that these products are manufactured using unfair government subsidies. Cheap imports of these products are holding back the growth of domestic…
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Australia cuts forecast for iron ore price to $ 60 per tonThe Australian government announced a further reduction of its official iron ore price forecast by another 5 percent in 2015. The target price is now $ 60 per tonne, which is mainly due to weakening demand from China amid increased production. Three months earlier, the Australian Department of…
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Pakistan to impose import duty on HR productsPakistan is likely to impose a 15% regulatory duty on imported hot rolled products (HR) and pipes, according to reports. This proposal came from the country's Ministry of Industry and Manufacturing and is currently approved by the Federal Board of Revenue (FBR). In addition, a flat tax of 5,600 PKR…
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Global zinc market in small surplus in early 2015Statistics published by the International Lead and Zinc Research Group show that the global zinc market has a slight surplus in the first months of the year. The January surplus was 1,900 tons, slightly higher than the global 1,800 tons surplus recorded in December 2014. However, the group…
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