Metallurgy news
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US Steel fires more than half of its workersUS Steel announced plans to cut 756 workers and employees at the company's two steel production facilities, reflecting lower fuel prices that have impacted energy customers. The company has issued appropriate warnings about the decision to lay off 614 employees at its manufacturing plant in…
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Japanese Stainless Steel Exports Down 6 PercentAccording to the latest data released by Japan's Ministry of Finance (MoF), stainless steel exports from the country fell sharply during the month of November last year. Japan's total stainless steel exports for the month were 91,646 tonnes, down 5.7 percent from the previous month when stainless…
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Iron ore miners suffer from export growthIron ore exports from Port Hedland increased by about 30 percent in the second half of 2014, driven mainly by supplies from mines in the Pilbara region. This led to a decline in the global value of the product in the past year. The port's main exporters, BHP Billiton and Fortescue Metal Group, have…
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Aerospace Nickel Demand RisesThe commercial aerospace sector will continue to be the largest consumer of nickel-based superalloys for at least another two decades, according to a statement from consulting firm RNCOS. The nickel industry around the world is experiencing tremendous growth in nickel demand. In the global market…
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China may reduce steel exports due to cancellation of tax breaksThe country has ended the refund of export duty on steel, which contains trace amounts of boron, starting January 1, according to the Chinese Ministry of Finance. As a result, export sales of steel will decline by about 20-30 percent by the end of the first quarter compared to the previous three…
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Constellium acquires aluminum sheet facilityConstellium completed the $ 1.4 billion acquisition of the Colbert County manufacturing complex, part of the international holding company Wise Metals. For the first time, the company announced the deal in October last year, and it was clarified that in accordance with the mutual agreement, $ 445…
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Scrap metal imports fell in TurkeyAccording to the latest data released by the Turkish Statistical Institute (TUIK), Turkey's total scrap metal imports declined slightly during 2014. During November, according to updated data, it dropped by almost 2.5 percent compared to the previous month. The import of ferrous scrap in the…
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Southeast Asian factories have raised prices for stainless steelMajor integrated steel mills in Southeast Asia announced price increases for stainless steel products starting in January 2015. Taiwanese stainless steel company Tang Eng Iron Works has also announced its intention to increase its domestic prices for its 300 series stainless flat steel by $ 10 per…
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Secondary copper production increased by 12 percentThe latest data released by the International Copper Research Group (ICSG) shows a significant increase in the production of refined copper from scrap during 2014. The output from the processing of scrap copper during the three quarters of 2014 was 3.113 million tonnes, up almost 12 percent…
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Engineering plastics are ready to replace metalPolymer materials are gradually replacing traditional materials of construction such as wood and steel in many areas. This is made possible by the unique properties of engineering plastics, such as low weight and high strength, which are much easier to manufacture. Thus, the engineering plastics…
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