Metallurgy news

• Limited influx of aluminum in Q3 2014 supports price increases - FastMarkets The quarterly analysis and forecast of the situation on the aluminum market, published by FastMarkets and Sucden Financial, indicate that during the third quarter of this year, the growth of prices for aluminum continues, which is mainly due to the limitation of metal supplies. According to the... 12.08.2014  09:55

• A new metallurgical plant will be built in the Irkutsk region The Vtorchermet company became one of the initiators of the construction of a plant in Eastern Siberia by investing its own funds. At the same time, it is envisaged to attract credit funds and financial support from the local budget. The regional government promoted the inclusion of the project in... 11.08.2014  15:09

• Vale plans to expand its fleet to increase shipments of iron ore One of Brazil's largest iron ore producers, Vale, plans to buy new ships to double its iron ore shipments to China over the next five years. Vale's head of marketing, Jose Carlos Martin, said that with the increase in iron ore exports, from a financial point of view, the company should have hired... 11.08.2014  13:36

• Tata Steel has ambitious profit plans Since the 2009 recession, Tata Steel's Europe, which used to be the company's main source of revenue, has significantly reduced its revenues. Due to the losses caused by the economic crisis, the company is working to strengthen its image by conducting a wide advertising campaign, and plans to buy... 11.08.2014  12:45

• US Steel Exports Rise Slightly During June The US Steel Institute for International Operations (AIIS) said in a statement that US Steel exports rose 0.5 percent in June 2014 from the previous month. At the same time, exports to the countries of NAFTA trading partners (Canada and Mexico) slightly decreased. At the same time, the total... 11.08.2014  11:42

• Novelis raises prices for aluminum products Novelis, a leading manufacturer of rolled aluminum products, announced a price increase for automotive sheets and specialty aluminum products in North America. The revised prices will apply for all new orders, added a Novelis spokesman. However, all existing orders are subject to clear agreements... 10.08.2014  14:25

• Thai producers seek to tame rising prices for hot rolled coils The Steel Pipe and Cold Forging Association has called on the government to intervene in the pricing of hot rolled steel coils to stop the price rise in the country. According to the Association, prices for hot rolled products have risen by almost 20 percent since high tariffs were introduced... 10.08.2014  13:55

• Indonesia plays a decisive role in determining world tin prices The head of the Commodity Futures Trading Regulatory Agency, Satriono Edi, said that the level of world tin prices on the LME exchange is now set by Indonesia. “Following the implementation of the new law to export tin, a metal used in smartphones and other goods, prices have reached their highest 6... 10.08.2014  13:26

• Russia is not worried about Western sanctions According to experts, the sanctions banning the import of agricultural products from a number of European countries are just the beginning of the struggle. Therefore, absolutely all branches of the domestic industry are being re-equipped. This also applies to the engineering industry. Experts... 10.08.2014  11:45

• Mechel Introduces New Coal Beneficiation Technology Mechel announced the introduction of an innovative technology that will be aimed at dewatering and beneficiation of coal at the Elga seasonal processing plant. The total volume of all investments is equal to $ 2,000,000. Due to the fact that an innovative press filter from Tecnicas Hidraulicas... 09.08.2014  19:34