Metallurgy news
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In the UAE, prices for steel and building materials fell due to cheap oilSuppliers of steel and building materials in the UAE are reporting plummeting prices due to low oil prices. Local Groups state that they have a large stock of steel products and building materials in warehouses that were purchased at a higher price even before oil prices fell. Abdullah Al Gurg…
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Metinvest restores power supply to Avdiivka Coke PlantEmployees of the Metinvest Group of Avdeevka Coke Plant assisted employees of the DTEK energy holding in reconnecting the plant to the high-voltage bushings of Makeevka-Avdeevka Coke Plant 1 and Makeevka-Avdeevka Coke Plant 2. Avdiivka Coke Plant lost the ability to supply electricity back on…
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MMK announced successful last yearOJSC Magnitogorsk Iron and Steel Works believes that all production facilities and installations operating in 2014 have demonstrated their best results in recent years. In 2004, MMK expanded its coated steel production following the commissioning of a plant designed by Voest Alpine. The facility…
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Vitkovice Steel may be relocated to RussiaJiří Cienciała, government commissioner for the regions of Moravia and Usti, said there was a possibility that the operations of Czech steel producer Vitkovice Steel would be relocated to Russia and that almost all employees would be fired. The social risks of the North Bohemian region will be…
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Chalco Invests $ 400 Million in Bauxite Mining in GuangxiAluminum Corporation Chalco, the largest aluminum producer in China and the second largest in the world, is investing 2.6 billion yuan ($ 400 million) to explore a bauxite deposit at Chongzuo in one of China's bauxite-rich Guangxi region. The feasibility study of the project was completed in…
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Turkey reduces pipe exports - CEBIDThe latest data released by the Turkish Steel Pipe Manufacturers Association (CEBID) shows that Turkey reduced its steel pipe exports during the first two months of 2015. Turkish pipe exports in January-February this year amounted to 285,900 tons, down 3.6 percent compared to exports in the same…
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ArcelorMittal counts on the automotive sectorArcelorMittal, the world's largest company, delivered strong operating results last year despite weakening demand and low iron ore prices. The increase in shipments of steel products compared to the previous year was 2.2 percent. In addition, the way forward for ArcelorMittal looks pretty…
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USA increased the volume of imports and exports of rolled brassAccording to the Council of Copper and Brass Producers, imports and exports of these products to the United States increased in January this year. US imports of rolled brass in January 2015 were £ 40.1 million, up 1.1 percent from £ 39.7 million in January 2014. (1 lb = 0.4535 kg) Imports of all…
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India announces AD duties on stainless steel importsIndia's Commerce Department is planning to impose anti-dumping duties on certain stainless steel imports from China, Malaysia and South Korea in an attempt to shield the domestic industry from cheap dumping imports. Under the proposal, anti-dumping duties of $ 306 per tonne or more will be levied…
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Steel imports to South Korea fell in FebruaryAccording to the monthly steel supply statistics released by the Korea Iron and Steel Association (KOSA), the country's steel imports declined in February this year. The decrease in imports was due to a decrease in steel supplies from China. South Korean steel imports in February 2015 were 1.6…
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