Metallurgy news
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Chinese imports hinder stainless steel production in IndiaSlow capacity utilization and competition from Chinese imports will hamper the country's stainless steel production this year, which operates at 55 percent capacity utilization of its total installed capacity of 5 million tonnes per year. “The stainless steel sector needs government support in the…
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Indonesian tin exports will continue to declineOn the London Metal Exchange, the price of tin increased by $ 0.16 per kilogram, and reached $ 23.27 in early 2015. Nickel also added $ 0.08 per kg, reaching about $ 17. Industrial demand is expected to increase in the spring for tin and nickel. The rise in prices is associated with a ban in…
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ALACERO Announces Unprecedented Growth in Imports of Steel Products from ChinaThe Latin American Association of Steel Producers (ALACERO), says China supplied 56 percent more steel products in 2014 than in 2013. In the period from January to November 2014, China supplied 7.4 million tonnes of finished steel to Latin America, and 4.8 million tonnes in the previous year…
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Romanian Bearing Factory Produces Stainless Steel JewelryThe Romanian factory, which specializes in the production of bearings, diversified its activities and product line by starting the production of stainless steel jewelry. The plant plans to sell new products locally, as well as in other European countries and in Turkey. Rulmenţi Barlad Bearing…
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Iran to build a metallurgical plant in OmanIran plans to build a large iron smelting plant at Al Dadm in Oman with over $ 4 billion in investments proposed by several investors. Mohammad Reza, Iranian Minister of Industry, said the plant will receive metal from natural raw materials that are mined in the rocky mountains of Oman at high…
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Coking coal miners hope for steel market in 2015The plight of global miners deteriorated sharply along with steel mills in 2014, primarily due to the slowdown in economic growth in China, which significantly reduced the growth in steel consumption. In addition, the steel market for other important coal importers such as India and Japan was also…
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Hebei Steelmaking Pollution Control ReportHebei Steelmaking Pollution Control Report The area that surrounds the capital, Beijing, belongs to Hebei Province and contributes about a quarter of the country's total steel production. Hebei province has been one of the main target areas for the government in the war against environmental…
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Japan Increases Exports of Hot Rolled SteelAccording to statistics released by Japan's Ministry of Finance (MoF), the country's hot rolled coil (HRC) exports rose sharply during the month of November last year. Ministry of Finance data show that HRC exports in the country totaled 920,537 tonnes during the month, up 11.7 percent from exports…
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China Introduces New Copper Export Tax CreditThe Chinese Ministry of Finance has issued a statement that the government has decided to introduce a fresh tax credit on the export of certain copper products. In addition, an increase in the refund of export duties on some other products is envisaged. The government is doing this, most likely, to…
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The new railway line will restore communication between the steel plants of Mariupol and the seaportA new section of the railway, bypassing the bridge over the Kalchik River, which was destroyed in a terrorist attack, connected steel plants in the city of Mariupol with a commercial seaport located on the coast of the Azov Sea, according to Metinvest Group, which includes metallurgical plants…
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