Metallurgy news

• Goldman predicts a surplus of copper in the market and a decline in prices to $ 6,200 per ton Goldman Sachs, in its most recent commodities analysis, reports that the global copper market will experience a surplus of around 350,000 to 500,000 tonnes during 2014-2015. In addition, copper prices are likely to drop to a low of $ 6,200 per tonne within twelve months. The copper market is... 25.07.2014  13:13

• North American steel production fell 3.2 percent in June Steel production across North American countries fell 3.2 percent mom in June 2014, according to the latest data released by the World Steel Association. Total crude steel production in Canada in June this year was 1.010 million tons, down 2.88 percent from 1.040 million tons in May 2014. The... 25.07.2014  12:49

• Egyptian steel sector filed anti-dumping lawsuit against importers of wire rod and rebar Steel companies in Egypt have filed an appeal against the import of wire rod and rebar from China, Ukraine and Turkey in order to protect their own industry from products sold at low prices. Egyptian Steel and other steelmakers have asked the government to re-impose anti-dumping duties on... 25.07.2014  12:11

• Production results of the Chelyabinsk Zinc Plant for the first half of 2014 The Chelyabinsk Zinc Plant (CZP) in the first half of this year produced 87,649 tons of commercial grade zinc and zinc alloys, which is 2.5 percent higher compared to the same period last year. CZP, Russia's largest producer of high-quality zinc and alloys, reports that 52.7 percent of the metal... 25.07.2014  11:18

• China's stainless steel exports fell 18 percent in June The latest data released by the Chinese customs authorities show that the country's stainless steel exports declined during the month of June this year. According to this data, in June 2014, China's export of stainless steel in sheets and coils was 268,143 tons. Exports during June were down 18.2... 24.07.2014  13:33

• Aluminum production is supported by high demand The International Aluminum Institute (IAI) said the global aluminum market showed a slight decline in production. However, the growing demand for aluminum is encouraging, as in June it was close to all historical highs. IAI data showed that primary aluminum production in June 2014 was around... 24.07.2014  12:11

• Asia June Steel Production Down 2.1 Percent MoM According to the latest statistics released by the World Steel Association, steel production in the Asian region, the world's leading steel market, declined 2.1 percent during June 2014 compared to May. China's total crude steel production during June was about 69.294 million tons, down 1.62... 24.07.2014  11:48

• AK Steel to buy Severstal's Dearborn steel plant for $ 700 million AK Steel Corporation has signed a contract to acquire Severstal North America's integrated metallurgical production assets in Dearborn for approximately $ 700 million. The deal also includes a coke production unit and three joint ventures that specialize in the production of flat-rolled... 24.07.2014  11:23

• DaMing's stainless steel shipments up 31.8 percent in 1H 2014 China's DaMing International's announced that its net shipments of stainless steel for the first half of this year were about 555,200 tons, an increase of 31.8 percent year on year. The company's stainless steel processing volume was about 867,200 tons, up 43.7 percent year on year. The company... 23.07.2014  14:10

• BHP Billiton Celebrates Another Record BHP Billiton beat analysts' forecast to achieve annual production for its West Australian operations. BHP's iron ore production rose 20 percent to a record 225 million tonnes during fiscal 2014. The result is well above BHP's estimated production rate of 217 million tonnes. The record production... 23.07.2014  13:28