Metallurgy news

• Russian Consortium signs agreement with Zimbabwe on platinum mining The Russian Consortium has decided to invest about $ 1.6 billion to implement a mining project to develop one of the world's largest platinum deposits. A Memorandum of Understanding is scheduled to be signed with the Zimbabwean government in September to develop a platinum mine. Zimbabwean... 06.08.2014  14:40

• Latin American steel imports from China up 65 percent in the first half of 2014 The latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel products from China have grown significantly during the first six months of this year. At the same time, imports reached a record level in May 2014. Imports of finished steel... 06.08.2014  13:29

• Tata Steel expands its services in the UK Ian Beveridge, Tata Steel's Director of Building Structures, said that the establishment of the TEESSIDE service center is the company's main agenda in providing customers with a new level of service. He also added that the company provided an opportunity for customers to purchase products from the... 06.08.2014  11:28

• EVRAZ North America presents the new premium connection EVRlock EVRAZ North America, a subsidiary of the world's largest steel and mining company EVRAZ, announces its new brand of EVRlock connections. The company has been successfully using the QB2 connection since the late 1990s and has now expanded its product line with the EVRlock QB1-HT connection. EVRAZ... 05.08.2014  16:29

• Japan's scrap imports up 68 percent in June 2014 According to the latest statistics released by the country's finance ministry (MOF), scrap imports in Japan jumped sharply during June this year. The recovery in scrap demand in Japan boosted imports by 76.9 percent compared with imports in the same month a year earlier. The import of scrap across... 05.08.2014  14:34

• China gradually cuts growth in steel production - Baosteel The period of rapid growth in the steel industry in China has come to an end, according to a statement from Baosteel Corp, the country's largest steelmaker. The country is likely to have negative growth in steel production in the coming years. At the same time, the steel company estimates the... 05.08.2014  11:54

• Tata Steel starts producing the highest quality automotive steels Tata ensures that its new product has superior strength and unique physical properties when compared to automotive steels from other manufacturers. Tata's new product, the DP1000HY-GI, will help automakers produce components without significant changes to their manufacturing processes. The firm... 05.08.2014  11:24

• Plate imports from China hurt South Korean industry - KOSA The rapid rise in imports of heavy plate from China is hurting already suffering domestic steelmakers in the country, according to the South Korean Iron and Steel Association (KOSA). Imports from China account for over 60 percent of Korea's total imports. According to KOSA statistics, imports of... 04.08.2014  17:13

• Omar Aluminum Develops Expansion Plan Omar Aluminum Processing Industries (OAPIL), an aluminum processing company, announces that it is revising its plans to increase its existing production capacity. The company is a joint venture between Oman Cables and the investment company Takamul. The company has already announced that it... 04.08.2014  16:16

• Zinc prices will be at $ 2,500 per tonne within 12 months - Goldman Sachs Zinc prices will average around $ 2,500 per tonne over the next 12 months, according to the latest analytical data released by investment banking expert Goldman Sachs (GS). However, in the immediate short term, prices are likely to remain under pressure. While generally positive, metal prices are... 04.08.2014  12:44