Metallurgy news
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Vallourec Star Announces Shutdown of Ohio Steel MillThe Vallourec steel mill in Youngstown, Ohio will be dormant in February. According to the company, the decision to idle for three weeks was prompted by a difficult situation in the oil and gas markets. Vallourec is a world leader in pipe manufacturing, primarily serving the energy markets…
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Zinc expects a shortage and a rise in prices - NyrstarNyrstar NV, the world's largest zinc producer, expects the metal's price to rise after after the 500,000 tonne Century mine in Australia will close later this year. “We are entering a period in which the concentrate and metals markets are projected to be in short supply,” said Eigner, chief…
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Copper scrap prices continued to riseCopper scrap prices saw a sharp rise in February, as evidenced by data from the China Metal Exchange, the largest producer of copper and copper alloy products. Copper wires and pipes saw significant price increases, increasing CNY 100 per tonne. Insulated copper wire has risen in price by 50…
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Ukraine has reduced the output of metal in January 2015In January, Ukrainian metallurgical companies produced 1.87 million tonnes of carbon steel, down 25.2 percent year on year. Pig iron production fell by 26.4 percent to 1.72 million tons, while rolled metal production fell 25.1 percent to 1.71 million tons on an annualized basis. At the same time…
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Steel exports from China in January again exceeded 10 million tonsSteel exports from the country rose to a record high, with iron ore imports falling nearly 10 percent month-on-month and year-on-year, according to data released by China's customs office. Effective January 1, 2015, due to the new boron-added steel export regulations, many analysts predicted a drop…
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PSM needs to pay off huge wage and utility debtThe Pakistani Steel Plant (PSM) plans to ask the federal government for a bailout to pay PKR 13 billion in overdue wages to its workers as financing for the country's largest steel production becomes more volatile and difficult. The Ministry of Industry is preparing a summary to invite the Economic…
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Interpipe stops all pipe deliveries to Russia in 2015Interpipe, one of the largest producers of steel pipes in Ukraine, will not supply any products to Russia in 2015 due to the slump in the Russian ruble and prohibitive import duties. As a result of the conflict in eastern Ukraine, relations between Moscow and Kiev deteriorated, and Russian steel…
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EU steel consumption above expectations in 2014 - EuroferDuring 2014, steel consumption in Europe exceeded expectations previously presented by the European Metallurgy Association (Eurofer), according to the organization's latest steel market report. At the same time, the sale of rolled metal products in Moscow and the European part of Russia is noted at…
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Developed a new steel alloy equivalent to titaniumSouth Korean engineers have developed a new steel alloy that is flexible, ultra-strong and lightweight. One of the additional advantages is that the new type of steel can be obtained using standard steelmaking equipment, and its cost is one-tenth of that of titanium alloys. Stalinvest specializes…
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China may reduce steel production in 2015 - CISAAccording to the latest forecast from the China Iron and Steel Association (CISA), China's annual steel production in 2015 may decline for the first time in three decades. According to CISA analysis, crude steel production in the country is likely to decline slightly by 1.07 percent from the…
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