Metallurgy news

• BIR released the latest report "World Mirror of Non-Ferrous Metals May 2014" The Bureau of International Recycling (BIR) report highlighted various macro events that took place during the month and affected the non-ferrous metal recycling industry. The crisis in Ukraine is negatively affecting economic growth in the Nordic countries, according to the report.... 17.06.2014  11:29

• Arcelor Mittal opens new steel plant in China Lakshmi Mittal opened his first facility in China through the VAMA joint venture. The new project with an investment volume of about $ 832 million is aimed at supplying the domestic automotive market. VAMA (Valin Arcelor Mittal Automobile Corporation), in which the Chinese steel company Hunan also... 17.06.2014  11:04

• Import of copper semi-finished products increased in the USA According to information from the Council of Copper and Brass Refiners (CBFC), imports of rolled brass to the United States increased during April compared to the previous year. While exports fell during the month. Imports of all types of sheets, strips, plates and foils totaled 14.918 million... 17.06.2014  10:33

• Kazakhstan plans to increase production of complex ores by 12 million tons by 2019 It is expected that the state geological exploration project will provide Kazakhstan with an additional 12 million tons of polymetallic ores over 5 years. A complex ore is one in which the main valuable components are lead and zinc, and the secondary components are copper, gold, silver, cadmium,... 16.06.2014  12:23

• Baosteel cuts export prices for stainless steel coils amid falling nickel prices China's Baoshan Iron & Steel (Baosteel) has announced a price cut for austenitic stainless steel products. The cut in export prices is due to the fall in nickel prices on the London Metal Exchange. The company announced that its prices for austenitic stainless coils will be reduced by $ 200 per... 16.06.2014  11:09

• High strength aluminum honeycomb foam is in demand in the automotive industry Aluminum foam has unique properties compared to dense state, especially in terms of weight. Generally, foam can be divided into two categories: closed cell and open cell, which provide different characteristics. The peculiarity of the structure with closed cells is that they are not connected... 15.06.2014  12:34

• High electricity prices could hurt the Slovak steel industry - experts Steel production has been and will remain one of the pillars of the Slovak industry, without which it is impossible to ensure a stable economy and employment, according to the country's Ministry of Economy. The steel industry employs over 23 thousand people, accounting for 10 percent of the total... 15.06.2014  12:06

• Under the influence of the military actions in Iraq, the prices of gold and oil rose sharply Gold prices on the London Stock Exchange jumped to new highs of $ 1,277 an ounce, gaining about 2.2 percent over the week, the best result since March, while Asian stock markets closed even higher after Iraqi insurgents captured cities near Baghdad. Silver strengthened at around $ 19.54 an ounce... 14.06.2014  12:20

• EU metallurgists reset some of the closed blast furnaces EU metallurgists have reopened nearly half of the blast furnaces that were shut down amid the financial crisis and held back the sector's recovery, weighed down by overcapacity and high energy prices. This year alone, ArcelorMittal, the largest steel producer in the world, is restarting blast... 13.06.2014  12:16

• The metallurgical industry suffers from a shortage of skilled workers Skilled labor shortages can be a serious problem for the steel industry in many countries around the world. For example, in India, more than 28,500 workers will be required to increase the annual capacity of the steel industry to 300 million tons within 10 years. The local steel industry estimates... 13.06.2014  11:57