Metallurgy news
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Novelis switches to a high level of aluminum reuseNovelis, a leading manufacturer of rolled aluminum and a global leader in beverage cans, has announced that it will recycle and convert all of its cans products. The move is intended to support the industry's transition to a high proportion of recycled aluminum. Novelis claims that by the end of…
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China increases imports of bauxite from Malaysia by 1103.7 percent in 1-3 quarters of 2014China is finding an alternative to bauxite from Indonesia in response to the country's export ban earlier this year by increasing imports from Malaysia. China's bauxite imports from Malaysia hit a record 566,000 tonnes in September 2014, representing a monthly growth of 104 percent. Chinese imports…
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Japan's HRC Exports Up 12 Percent In SeptemberAccording to statistics released by the Japanese Ministry of Finance (MoF), exports of hot rolled coils (HRC) from the country increased sharply during September of this year. Treasury data show that HRC exports from Japan totaled 990,601 tonnes during the month, up 11.9 percent from exports in the…
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EVRAZ NCSP handled 7.7 million tons of cargo from January to OctoberThe stevedoring company said that EVRAZ Nakhodka Commercial Sea Port handled 7.7 million tonnes of cargo between January and October, an increase of 25 percent over the same period in 2013. At the same time, export supplies of coal processed at the terminal increased 1.5 times to 4.5 million tons…
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A significant jump in copper prices is only possible in 2019 - CRUA recent study published by CRU Group predicts a further decline in the price of copper over the next 18 to 24 months. Prices are likely to recover only in 2019, when appetites outweigh the supply of the metal. According to the report, the decline in copper prices has not yet bottomed out. In the…
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Metallurgists expect growth in prices for steel and metal products - expertAnalysts, as well as some auto industry executives, said there is a possibility of an increase in car prices. And this, in turn, makes it possible to assume that the raw materials used in production may increase in price, although representatives of the automotive industry do not want to reveal…
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Citigroup cuts iron ore price forecast to $ 65 per ton in 2015Citigroup downgraded its forecasts for sea-delivered iron ore prices for 2015-2016 to $ 65 per tonne (62% -FE), CFR China. The outlook has been adjusted to reflect the slowdown in Chinese demand and the depreciation of various currencies against the dollar. Previous estimates for 2015 - 2016 were $…
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China's steel imports are hitting the steel industry worldwideDuring the first ten months of 2014, China's steel exports rose 42 percent to 73.9 million tonnes. At the same time, China's steel imports also rose, but unfortunately only grew by 5 percent, reaching just over 12 million tonnes, significantly lower than the pace of Chinese steel exports. And China…
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The USA reduced the export of scrap metalExports of scrap metal from the US fell sharply during September this year, according to the latest data released by the US International Trade Commission. Exports have reached their lowest level since January this year. According to this data, exports of scrap metal during the month amounted to…
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Chelyabinsk Ferroalloy Plant challenges EU sanctions in courtThe Chelyabinsk Electrometallurgical Plant (CHEMK), the largest producer of ferroalloys in Russia, has filed a lawsuit with the European Court of Justice over the sanctions imposed on it earlier. CHEMK and Kuznetsk Ferroalloys have filed a lawsuit against the European Commission in order to…
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