Metallurgy news

• Turkish imports of steel billets up 103 percent The country's imports of steel slabs and blooms rose 35.73 percent year on year in May 2014, according to the Turkish Statistical Institute. Imports totaled about 428,829 tons, up 103.26 percent over the previous month of this year. Ukraine became the largest exporter over the past period in... 17.07.2014  10:46

• Japan foresees a rise in aluminum prices Japanese metallurgists believe that the demand for aluminum from the US auto makers may increase the price. Japanese Industries reports that the price of aluminum could rise by a third to $ 2,500 per tonne if the number of automakers using the light metal grows. Ford Motor is launching a new... 16.07.2014  12:59

• China cancels import steel tax protection policy The Chinese Ministry of Finance and the State Tax Administration announced their decision to remove the special tax (confidentiality) policy on certain categories of steel product imports into the country. The solution aims to increase domestic steel use and reduce dependence on imported... 16.07.2014  12:32

• Severstal's updated Q2 and H1 2014 production of coal and iron ore Sales of iron ore pellets remained broadly flat in the second quarter, declining only 2 percent QoQ. The sales volume amounted to 2,539,568 tons. At the same time, sales of iron ore concentrate increased by 10 percent compared to seasonally weak production and sales in the first quarter. The sales... 16.07.2014  11:26

• WTO opposes US duties on Chinese and Indian steel products World Trade Organization officials said the United States violated global trade rules by imposing import duties on Indian and Chinese steel products. The WTO Dispute Settlement Group believes that the United States "acted inconsistently" in violation of the rules set for WTO members 160. The WTO... 16.07.2014  10:16

• BNC Resumes Production of Nickel, Main Component of Stainless Steel, and Increases Sales Bindura Corporation (BNC) announced that its production has resumed and is generating good profits from the sale of nickel. Restrictions on the export of nickel ores in Indonesia led to an improvement in world prices for nickel, the main component in the production of stainless steel. A... 15.07.2014  16:29

• China's Xichuan Group plans to double aluminum production capacity by 2015 Chinese aluminum manufacturer Henan Xichuan Aluminum Group Co Ltd has announced plans to increase the output of aluminum foil and some other products as early as next year. As reported in http://www.dvt.ru/, based in Henan province, Xichuan Group is a leading manufacturer of aluminum sheets and... 15.07.2014  11:44

• Hyundai Steel and TNG sign historic agreement Hyundai Steel and TNG have signed an important agreement that includes potential investment and strategic partnerships in the production of steel products and the financing of a world-class vanadium project. Hyundai Steel, Ltd, a leading Korean manufacturer based on a global steel company and... 15.07.2014  11:23

• Brazilian Steel Pipe Imports Rise In June Compared To May Amid Annual Fall According to the latest statistics released by Brazilian customs, the country's imports of welded steel pipes fell sharply during the month of June this year, compared with imports in the same month a year earlier. However, imports were up from the previous month, the data show. According to... 15.07.2014  10:44

• Japanese factories keep stainless sheet prices at $ 3200 CFR Asian mills have cut domestic prices for austenitic stainless steels for July shipping prices. Offerings in Southeast Asia have dropped to $ 3,000 CFR or so, while Japan has kept it flat. Meanwhile, the price of nickel has come close to $ 900 per pound, so stainless steel sheets at the factories of... 14.07.2014  13:00