Metallurgy news
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India raises duties on steel imports from China and Russia from April 1The Indian government is raising the duty on imported steel by 5 percent from April 1 this year to stem the flow of cheap supplies from China and Russia. “The Indian government is raising the tariff from 10 percent to 15 percent,” Finance Minister Arun Jaitli said in his next fiscal year budget…
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POSCO closes construction engineering division in IndiaPOSCO plans to close its engineering and construction division in India after the company failed to win orders. The management of the block, located near New Delhi, engaged in the development of metallurgical plants, plans to switch to civil construction, where there are orders for the construction…
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Copper deficit on the rise - ICSGThe International Copper Research Group (ICSG) released data for the past year. According to ICSG, the balance in the copper market for the first time in November 2014 showed a clear production deficit of almost 40,000 tons. World production of refined products increased by almost 8 percent during…
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Rio Tinto is about to lay off hundreds of workersIn an attempt to establish its position as a cost-effective exporter of iron ore to China, mining giant Rio Tinto plans to cut several hundred jobs in Western Australia. Information was sent to employees, highlighting the urgency of expediting the cost-cutting measures. In addition, Rio Tinto…
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Global aluminum demand to grow 6.5 percent in 2015 - RusalThe largest aluminum producer Rusal believes that the global aluminum industry will grow within a year. He also expects production growth outside of China to remain subdued. In addition, Asian aluminum prices are likely to remain under pressure due to increased exports of semi-finished products…
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In Japan, exports and imports of steel decreased in January 2015Statistics released by the Japanese Ministry of Finance (MOF) indicate that imports and exports of steel products in Japan declined during the month of January this year compared to the previous month. Export of metal products of the country decreased by 10.2 percent in January 2015 to 3414…
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CIS steel production falls in JanuarySteel production in the Commonwealth of Independent States (CIS) declined 3.1 percent during January 2015 compared to January last year, according to the latest data released by the World Steel Association. The region's steel output was 8,526,000 tonnes in January this year, up from 8,801,000…
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Top ten global steel producers in January 2015According to the latest statistics released by the World Steel Association, steel output from 65 reporting countries totaled 133.102 million tonnes in January this year. These 65 countries account for approximately 98 per cent of the world's total crude steel production. The ten largest…
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Brazilian ferroalloy exports fell in January 2015Brazilian ferroalloy exports fell 41.8 percent year on year to 21,266 tons in January from 36,555 tons in January 2014, according to data released by the Ministry of Development, Industry and Trade. The volume of exports in monetary terms in January amounted to $ 203.360 million FOB, down 9.3…
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Russia is considering a temporary ban on the export of scrap metalAccording to media reports with reference to the Russian Ministry of Trade and Industry, there is a possibility of introducing a ban on the export of scrap from the country. The ministry is reportedly studying a proposal to impose a temporary ban on the export of scrap metal to stem the spike in…
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