Metallurgy news
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British Mint felt strong demand from GreeceIt looks like Greek citizens are branding for the worst by buying more gold coins as a safe-haven currency until the nation's politicians can come to terms with their European creditors. Analysts expect Greece and the EU to eventually reach an agreement, but they also noted that the Grexit threat…
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Results and prospects of stainless steel production in JapanStainless steel production at the factories during 2014 decreased by 6.2 percent to 3.40 million tonnes in 2014 compared to 3.63 million tonnes in 2013, due to a drop in domestic demand in the country. At the same time, stainless steel production at the country's six main plants recovered in the…
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EU imports of sheet and bar steel to grow - EUROFERAccording to statistics from the European Association of Steel Producers (EUROFER), EU steel imports increased by 14 percent throughout 2014, and stocks of finished imported steel increased, which is estimated at 19 percent. Cold-rolled sheets and hot-rolled sheets began to be imported to European…
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Import of stainless steel increased in RussiaIn 2014, the volume of imports of stainless steel flat products in Russia, compared to 2013, increased by 5.3 percent and reached 190,419 tons, which became a new record for the country. At the same time, the costs of importers decreased by 1.6 percent to $ 455.7 million. According to the…
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China paves the way for Vale mega-shipsChina has amended the rules for ships to allow Vale to ship iron ore to the docks of ports on the mainland, paving the way from Brazilian mines in its giant ships. Vale's mega ships, the world's largest transporting ore, have been barred from China since January 2012 due to regulations that barred…
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Indonesia imposed 28 percent import duties on I-beamsIndonesia's Ministry of Commerce said the country has imposed import duties on I-beams starting January 21 this year. The duties will continue for a three-year period until January 20th, 2018. The country's government is keen to protect domestic industry from cheap imports of beams, especially from…
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Aluminum slag can replace cement in concreteResearch conducted at the University of Qatar suggests a partial substitution of aluminum slag in concrete for cement. The project, initiated by the Center for Advanced Materials (CAM), could give new life to the huge volumes of aluminum slag that are currently in landfills. The use of aluminum…
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Copper imports and aluminum exports from China in January 2015According to preliminary data from the General Administration of Customs, Chinese imports of rough copper and copper semi-finished products amounted to 410 thousand tons in January 2015, which is 22.7 percent lower compared to January last year. In addition, the high price of copper scrap has led…
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Rio Tinto Announces More Savings Across All SitesAndrew Harding, head of the management team at Rio Tinto, recently announced that a series of cost-cutting measures will be implemented across all upstream and related activities in order to maintain their business edge in the market. The program provides for several such actions at all sites…
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Exports of rare earth metals from China reached 28,000 tons in 2014China exported 28,000 tonnes of rare earth metals in 2014, up 27.3 percent year on year, but export prices fell. The average export price for rare earth products was 83,000 yuan ($ 13,491) per ton, down 47.8 percent from 2013. China is responsible for more than 90 percent of the world's rare earth…
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