Metallurgy news
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Nucor receives approval to acquire Gallatin SteelThe Federal Trade Commission (FTC) has approved the $ 770 million acquisition of Gallatin Steel in Ghent, Kentucky, based on an agreement reached between Nucor Corporation and Arcelor Mittal and Gerdau SA. The acquisition will provide a significant boost to the flat-rolled product of the company…
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Worldsteel downgrades steel demand forecast for 2014 and 2015The forecast published by the World Steel Association (Worldsteel) has been revised downward in global steel demand in 2014-2015. The positive momentum in the second half of 2013 abated in 2014, and steel demand in emerging economies weakened substantially throughout the year, according to the…
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Ebola threatens gold mining companiesDeutsche Bank warns that the further spread of the deadly Ebola fever in Africa makes gold miners the most vulnerable in the current situation. Among the gold mining companies operating on the continent, Randgold Resources is particularly vulnerable as the company's production is entirely…
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Japan CRC shipments fell 4 percentThe latest statistics released by the Japan Iron and Steel Federation (JISF) report that the country's cold rolled coil (CRC) shipments declined during the eight-month period of 2014. Japan's cold-rolled coil shipments totaled 4.23 million tonnes from January to August this year, down 3.9 percent…
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IREPAS predicts a 5.3 percent growth in rebar consumption this yearThe International Association of Rebar Manufacturers (IREPAS) predicts a steady increase in global consumption of long products, especially rebar. According to the association, developing countries will continue to drive global rebar consumption. Meanwhile, China accounts for more than half of the…
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Steel demand in Europe should rise againKarl Ulrich Koehler, head of TATA Steel Europe, said that demand and prices for steel in Europe will rise again after several years of decline. Koehler said demand growth is expected to be 3 to 4 percent as the industry has already passed its trough in 2014. We expect prices to rise. However…
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Codelco is going to mine copper under the Chilean glacierThe Andean glacier in Chile is threatened not only by global warming, but by the expansion of a government-owned copper mine. The world's largest copper producer, state-owned Codelco, has proposed a $ 6.8 billion plan to expand the Andina mine, which experts consider highly controversial. Now the…
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World's largest recycled aluminum center opens in GermanyThe world leader in rolled aluminum production, Novelis, has officially opened the world's largest recycling center for secondary aluminum at Nachterstedt, which is located next to the company's German rolling mill. The recycling center, worth $ 258 million, is expected to be able to process about…
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Newmount Resumes Indonesia Copper ExportsIn early January 2014, the Indonesian government imposed a ban on the export of copper ore and introduced a progressive tax on copper concentrates, starting a long standoff between the government, companies and processing plants in the country. Copper export restrictions and the imposition of a tax…
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Australian mining companies improve nickel outlook for 2015The nickel price outlook assumes an increase of nearly 11 percent above the current average nickel price of $ 18,000. In addition, all forecasts for nickel prices, which were announced in 2014, will be exceeded, according to analyst Carey Smith of Alto Capital. The company believes that the nickel…
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