Metallurgy news
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Japanese steel giants plan to expand their production in IndonesiaMajor metallurgical companies Nippon Steel & Sumitomo Metal Corporation and Mitsubishi Steel decided to invest in the creation of new facilities in Indonesia. These two steel titans, based in Japan, are going to invest 450 million dollars in the construction of specialized metallurgical plants and…
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Zinc Deficit Increases As Supply DecreasesZinc prices rose on the London Metal Exchange (LME) due to a lack of supplies from Peru following a strike at the Antamina zinc-copper mine, which supplies most of the zinc supply from Peru. Zinc shipments are declining day by day, and according to the London Metal Exchange, the amount of zinc…
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USA ITC Ratifies Import Duties for Steel Wire Products from ChinaStates The US International Trade Commission (US ITC) on Monday decided to impose anti-dumping and countervailing duties on imports of steel rods and wire from China. According to the Commission, Chinese imports of these products harm the country's metallurgical enterprises. Therefore, the…
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Iron Ore and Oil Reach 2008/2009 Financial Crisis LevelsOil, iron ore and coal are now at the price level since the start of the 2008/2009 financial crisis, signaling not only an oversupply of raw materials, but also the weakness of the global economy, analysts say. Raw materials are particularly sensitive to the health of the global economy. Oil and…
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Indonesian tin exports fell to multi-year lowsIndonesian tin exports in November 2014 fell to their lowest level since April 2007. According to statistics released by Indonesia's Ministry of Commerce, the country's tin exports totaled only 464.98 tons, a sharp drop of 93 percent from the previous month. In October this year, the country…
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Scrap metal prices fall in the USAverage monthly scrap prices for domestic shipments fell $ 24.25 per tonne in November to $ 330 per tonne, a 6.8 percent drop from the previous month. The monthly average price is currently down $ 49 per tonne since September. The domestic scrap metal market in the United States has long been…
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WTO Defends India Against USThe World Trade Organization ruled in favor of India and against the United States on imposing high taxes on steel imports from India. The Indian government has decided to require the United States to remove about seven items from the CVD (Compensation Obligations) provisions, which are the…
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Zaporizhstal presented the product QR coding systemZaporizhzhya Metallurgical Plant is one of the first Ukrainian metallurgical enterprises to implement a QR-coding system for finished products based on the SAP management system. This system allows you to work in an automatic mode, displaying the process of inventory and shipment of finished…
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Primary aluminum imports are growing in the USAThe increase in the price of aluminum on the London Metal Exchange spurred the aluminum market in the United States. Most of the aluminum supply comes from Canada, and in October, imports from that country increased to 268,000 tons, which is the equivalent of almost 1.9 million tons per year. This…
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RUSAL to invest $ 10 million in silicon productionUC RUSAL announces plans to invest over USD 10 million in modernization of silicon production in 2015. The investment program will allow RUSAL to increase its production of high-quality silicon grades up to 23,820 tons per year, which are required for the aluminum alloy production process. The…
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