Metallurgy news
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Alcoa buys titanium production for aerospace reinforcementAlcoa, the most prominent aluminum producer in the United States, acquires RTI International Metals, which specializes in the production and supply of titanium, for $ 1.3 billion. More than 80 percent of RTI's business is focused on the aerospace and defense industry. This acquisition for Alcoa is…
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EU to impose anti-dumping duties on stainless steel imports from China and TaiwanThe European Commission has proposed anti-dumping duties on stainless steel imports from China and Taiwan. The European Association of Steel Manufacturers (Eurofer) argues that the rise in stainless imports from these two countries is damaging domestic industries in the region. Tariffs will be 25…
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Ukrainian company re-launches the largest metallurgical plant in LatviaThe largest metallurgical plant in Latvia Metallurg Liepaja, now called KVV Metallurg Liepaja, was officially opened on Friday and is set to resume full production in April. The rolling mills of KVV Metallurg Liepaja have been operating since mid-February and have reached an output of 15,000 tons…
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China lowers steel exports in February to lowest level in 6 monthsChina exported 7.8 million tonnes of steel products in February 2015, according to data released by the customs administration, indicating a 24 percent decline in exports from 10.29 million tonnes in January 2015, as the tax change policies led to a slowdown in sales. The decline in steel exports…
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POSCO introduces second nickel furnacePOSCO SNNC, a leading ferronickel producer, has completed the construction of a second electric furnace that will help nearly double its annual pure nickel production capacity to 54,000 tonnes from the current 30,000 tonnes. POSCO said it has invested approximately KRW 480.6 billion ($ 437.1…
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Taiwan increased exports and reduced imports of wire rodAccording to the latest statistics, Taiwan's wire rod exports increased significantly during January 2015. Total wire rod exports stood at 18,777 tonnes for the month, up 16.3 percent from the previous month. Wire rod exports from the country during December 2014 totaled 16,145 tons. Export prices…
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Europe plans to significantly reduce the number of blast furnacesThe World Steel Association (Worldsteel) has warned that many factories in Europe are likely to shut down blast furnaces over the next twenty years to manage excess capacity in the region. According to the chairman of Worldsteel Wolfgang Eder, 6 to 8 facilities, which provide almost two-thirds of…
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Steel production in Ukraine fell by 29 percent since early 2015Steel production in Ukraine, hit by the military conflict in the east of the country, fell 29 percent to 3.46 million tonnes in the first two months of 2015 compared to the same period last year, according to the Metallurgprom steelmaking association. The merger does not substantiate the fall in…
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Russia has increased the export of ferrosiliconAccording to the latest statistics, Russian exports of ferrosilicon increased significantly in 2014. Exports totaled 426,162 tons, up 7.2 percent from 397,738 tons the year before. Export volumes during December last year were slightly higher than in the previous month. Ferrosilicon exports in…
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At MMK, Mill 2000 set a new record for hot rolled steel productionOJSC Magnitogorsk Iron and Steel Works produced over 526,000 tonnes of metal at its 2,000 hot-rolled mill in January 2015, a new record in terms of production since the mill was opened in 1994. The previous monthly record was 520,000 tons and was set in October 2014. Hot Rolling Mill 2000 at MMK is…
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