Metallurgy news
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Impact of China's Reforms on the Aluminum IndustryChina will soon submit proposals to deepen its energy pricing reform, said Wang Yuming, deputy director of the National Energy Agency. This raises the question: Will China's pricing reform be a blessing or a disaster for the aluminum industry in China and the world? The focus of this process will…
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20 largest metallurgical companies in the world in 2014Arcelor Mittal continues to maintain the top position for the full year 2014. The company's steel production rose to 93.1 million tonnes, the highest level since 2008. The ranking list of the largest steelmakers has remained virtually unchanged since 2013. Only ThyssenKrupp regained its place in…
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CIS scrap metal exporters raise prices amid falling suppliesAccording to market experts, scrap metal from the CIS increased in price due to a decrease in supplies, and this trend will continue, causing fear, first of all, among Turkish importers, who are concerned about the consequences of rising prices for the country's steel sector. The shipment of A3…
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Updated TMK data for the Europe segmentPipe Metallurgical Company at its European division enterprises decreased revenues in the last quarter by $ 12 million, or 17 percent compared to the previous quarter, to $ 60 million. This is mainly due to the negative impact of foreign exchange rates and lower sales of steel billets. Gross profit…
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China's iron ore imports fell 14 percent in FebruaryIron ore imports into the country dropped significantly in February 2015, according to trade statistics released by China Customs. The fall was nearly 14 percent when compared with imports in the same month last year. In February, imports of iron ore to China amounted to 67.94 million tons. Imports…
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Scrap metal shortage boosts DRI production - IIMAThe growing shortage of high grade steel scrap is likely to lead to a significant increase in direct reduced iron (DRI) production over the next decade, according to a report from the International Metals Association (IIMA). Stuart Horner, Secretary General of the IIMA, outlined the possible…
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China Announces Largest Infrastructure ProjectsChina ruled out government stimulus to slow economic growth, but at the same time announced a $ 260 billion infrastructure project, including the construction of a railroad. According to Premier Li Keqiang's report to the National People's Congress, China is set to invest more than CNY 800 billion…
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MMK achieves success in import substitutionOJSC Magnitogorsk Iron and Steel Works builds its development strategy on the continuation of strengthening its positions in the domestic market, producing goods for the purpose of import substitution and meeting the demand for high-quality metal from the Russian economy. In recent years, MMK has…
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Japan has reduced exports of HRCTOKYO: Exports of hot rolled coil (HRC) dropped sharply from the country during the month of January this year, according to updated statistics released by the Japanese Ministry of Finance (MoF). Treasury data show that HRC exports from Japan totaled 973,573 tonnes during the month. This is 12.1…
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Dozens of pollutant factories shut down in ChinaAnother small galvanizing plant in Jijie, Handan City, Hebei Province, will soon have to close for failing to comply with environmental protection requirements, local media reported. A total of 35 polluting factories were closed in the region after the government began to bring local campaigns to…
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