Metallurgy news
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ArcelorMittal supplies steel for a gas pipeline to EuropeFor the construction of one of the largest pipelines in the world - the Trans Anatolian Gas Pipeline (TANAP) - ArcelorMittal is supplying 310,000 tonnes of hot rolled coils from its production site in Bremen, Germany, which is one third of the total rolled stock required for the TANAP project. In…
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Gold is on the rise in 2015Gold could make a strong breakout in the second half of 2015, according to a European analyst at Saxo Bank. More recently, in the stock markets, everything has contributed to the fact that the price of gold declines, and by the end of the year sounded on a weak note. However, investors see more…
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Steel production in Europe drops slightlyAccording to the latest data released by the World Steel Association, steel production in the EU-28 countries fell 0.8 percent during November when compared to an annualized level. The high yield in November was achieved at the expense of Germany. Germany produced 3.599 million tonnes in the month…
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Severstal expands shipbuilding suppliesSMTs-Kolpino, part of the Izhora Plants in St. Petersburg, part of the Severstal Russian Steel division, announced the start of deliveries of steel billets used in the construction of sea vessels. SMTs-Kolpino is a competitive metalworking center specializing in the production of rolled metal…
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Japan worries about reduction of quotas on steel imports to ThailandThe Thai government rejected Japan's request for an increase in the quota for duty-free steel imports and, even at the risk of angering Tokyo, cut its quota in half. Japanese steel importers have asked the government to increase the duty-free import quota for three types of stainless steel in 2015…
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Primary aluminum market is in short supplyDuring 2014, the global primary aluminum market moved into a deficit zone. According to a report by the World Bureau of Metals Statistics (WBMS), the market reached a deficit of 542 thousand tons during 10 months of 2014 compared to a surplus of 570 thousand tons recorded throughout 2013. Primary…
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Ukraine faces declining steel export earnings in 2014According to data published by the Ukrainian Association of Steel Producers Metallurgprom, Ukraine at the end of 2014 is witnessing a drop in foreign exchange earnings from the export of ferrous metallurgy products, including iron ore, cast iron, rolled steel and pipes. Revenue is expected to…
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NLMK Group opens a sales office in BrazilNLMK Group, a leading Russian steel producer and one of the most efficient metallurgical companies in the world, announced the opening of its sales office in São Paulo and a logistics department in São Francisco do Sul (Brazil). These offices will strengthen the position of NLMK Group in the…
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Global stainless steel production grew by 8.9 percent in the first 9 months of 2014The International Stainless Steel Forum (ISSF) has released stainless steel production figures for the first nine months of 2014. The data show that global stainless steel production increased 8.9 percent year on year to 30.9 million tonnes. Moreover, production increased in all regions with the…
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In China, imports of Russian oil in November set a new recordChina's oil imports from its major suppliers rose significantly in November from a year earlier. Russian shipments climbed to a record high, while shipments from top exporter Saudi Arabia fell 5.9 percent to 3,990,000 tons, according to data from China's General Administration of Customs. In…
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