Metallurgy news
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OJSC Severstal receives the award for the Best Annual ReportOJSC Severstal, a leading vertically integrated steel and mining company, was awarded a special award in the category “Best annual report in the non-financial sector” based on the results of the 2013 report, based on research conducted by the Expert Group of RA Rating Agencies. The competition for…
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POSCO will export auto grade steel sheets to GermanyPOSCO intends to supply steel sheets to Volkswagen's plant in Germany. For the first time, South Korea's largest steelmaker will export its products for an automotive assembly plant in Germany. A senior POSCO official said that "Volkswagen recently completed testing of our steel products at their…
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Russian export of stainless steel in 1-3 quarters of 2014According to the latest revised data provided by the Association of Consumers and Suppliers of Special Steels and Alloys, the volume of Russian exports of stainless steel products from January to September 2014 compared to the same period in 2013 fell by 65.3 percent to 6,927 tons. In particular…
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New $ 1.2bn aluminum smelter to be built in U.S.In order to play its part in meeting the growing demand for aluminum, the American Specialty Alloys Company has decided to invest $ 11.2 billion to build an aluminum plant in the southeastern United States. The company said in its report that the new plant will produce 600,000 tonnes of aluminum…
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The global zinc market is in short supply throughout 2014The latest statistics published by the International Lead and Zinc Research Group (IGISC) indicate that the global zinc market had a deficit of 309,000 tonnes during the nine months of 2014. According to MGISC, the zinc deficit in the international market has worsened significantly compared to a…
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Experts discuss Russia's potential for mining rare earth metals on the MoonRussia plans to resume exploration of the Moon in 2016, assuming a manned flight in the future. Experts believe that the ultimate goal of Earth satellite exploration is the mining of rare earths used in a variety of industries, including green technology, defense systems and consumer electronics…
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POSCO plans to build a new plant in IndiaSouth Korean steel giant Posco has selected Sanand in Gujarat to build a new steel plant. Posco is planning an investment of $ 20 million. POSCO Sanand will be the second site in India alongside Pune Maharashtra. According to the government, Posco's coiled steel plant will cover an area of 30,000…
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US DOC Confirms Import Duties for Wire Rod from ChinaThe US Department of Commerce (DOC) has decided to impose high duties on wire rod imported from China. The decision was applauded by the American Iron and Steel Institute (AISI). Low-priced Chinese products have flooded US markets, causing significant damage to domestic wire rod producers in the…
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Updated NLMK data on long productsIn the third quarter of 2014, total sales in the long steel segment at NLMK decreased by 18 percent to 608,000 tonnes. This decrease in product sales in Q3 2014 is due to the end of the construction season, a decrease in the share of direct sales and an increase in the share of sales through retail…
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Steel market strives for a new price segment in 2014Towards the end of 2014, the steel market is approaching some new lower price ranges. There are not many factors in favor of improving demand in the near future, and pressure from the Chinese continues. Steel producer prices are falling along with prices for scrap and semi-finished products, as a…
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