Metallurgy news
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ALBA Group sells German scrap metal centerALBA The Berlin-headquartered group specializing in technical innovation and the operation of state-of-the-art recycling plants has sold its scrap recycling facility in Aschaffenburg, Germany. The center was transferred to the metal processing group Bernhard Westarp GmbH & Co. The deal was…
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BHP Billiton plans to cut jobs in AustraliaGlobal miner BHP Billiton has announced plans to cut jobs at Olympic Dam facilities in South Australia as miners are forced to cut costs to cope with falling commodity prices. Oil, iron ore and copper prices are at their lowest levels since 2009 amid oversupply in some markets and a slowdown in the…
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Severstal announces 2015 capex programPAO Severstal announced the details of its 2015 investment program in support of its long-term competitiveness strategy. Severstal plans to invest about RUB 30 billion throughout the entire enterprise during 2015 to develop key areas, including increasing production of high value-added products…
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Japan's steel exports fell for the first time in three yearsThe latest trade data released by the Japan Iron and Steel Federation (JISF) shows that Japan's steel exports declined in 2014 from the previous year. For the first time in three years, the export of steel products from the country decreased in a year. Exports of metal products decreased by 3.2…
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India became the world's largest gold consumer in 2014India edged out China as the second largest consumer of gold in the world during the year. GFMS analysts said in a report that global gold demand fell sharply last year, and it is predicted that world gold prices are unlikely to rise in 2015, after two consecutive years of declines. Meanwhile…
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World steel prices show negative dynamicsThe fall in production costs is forcing metallurgists to make a slight decrease in prices on the world market. Distributors buy very cautiously as they want to unload excess stock first. In Poland, steel prices declined in euros. Manufacturers say the low numbers are in effect until the end of…
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EVRAZ supplied 100 meter rails for the metroEVRAZ dispatched the first batch of 100 meter R65 head hardened rails for the Moscow metro railroad. The rails produced by EVRAZ ZSMK were recently installed on the Arbatsko-Pokrovskaya line, which connects Kievskaya and Slavyansky Boulevard stations. On this section, for the first time in history…
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POSCO's profit fell 59 percent in 2014South Korean steel company POSCO said its 2014 net income fell 58.9 percent YoY to KWR 556.66 billion, up from KWR 1.38 trillion. the previous year due to an additional tax payment after a government investigation and losses in connection with participation in the activities of other firms. That…
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NLMK predicts 2% increase in steel demand in 2015Novolipetsk Steel, which became the largest steel producer in Russia last year, expects global metal demand to expand this year as growth slows in China. In 2014, the production of the company's rolled metal segment increased by 21.1 percent to 2.7 tons, due to an increase in the capacity…
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China will continue to grow imports of copper concentrateThroughout 2014, imports of copper concentrate rose sharply in the country. According to customs data, China imported 11.87 million tonnes of copper concentrate in 2014, which represents a 17.75 percent increase in imports over 2013. Copper concentrate imports to China in December last year alone…
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