Metallurgy news
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CIS steel production fell sharply in August 2014According to the latest data released by the World Steel Association, steel production in the Commonwealth of Independent States (CIS) decreased by 6.5 percent during the month of August compared to last year, due to a decrease in output in Ukraine. Total crude steel production in Belarus rose 46.0…
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Vale Expands Production in China HopeThe unsurpassed leader among buyers of iron ore - China will be able to purchase all the surplus of this raw material that has formed on the sales market. Despite a significant slowdown in economic growth, the demand for ferrous metallurgy products in Asia has not changed. Claudio Alves, head of…
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Iranian scientists get nanostructured steelsScientists from the Iranian Technological University of Isfahan have successfully completed the development of a method for the production of a nano-composite of steel with a particle size ranging from 50 to 100 nm. Intermediate results have been achieved for steels with low carbon and nitrogen…
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The price levels for the supply of billets across the Black Sea began to declineAfter the first reports about the normalization of supplies from billet mills, the current supply levels of billets fell. Supply levels are reported to have dropped nearly $ 10 per tonne to an upbeat $ 490 per tonne. Some factories are reported to be offering lucrative discounts on October…
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Falling steel consumption in China foreshadows trouble for the global steel industrySteel consumption in China fell this year for the first time since at least 2000, due to the country's slowdown in economic growth. Total crude steel consumption in China, the world's largest consumer and producer of alloys, fell 1.9 percent year on year to 61.9 million tonnes in August and 0.3…
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ArcelorMittal in Galati starts production revival next yearArcelorMittal Galati, the largest steel mill in Romania and part of the ArcelorMittal group, is targeting a 15 percent increase in steel output in 2015, following a major technical redesign of its production with a major investment. For the first time in the past five years, the company raised the…
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India aims to produce 300 million tonnes of steel by 2025The official policy of the new government will be able to turn the dream of increasing annual steel production to 300 million tons by 2025 into reality. Indian Metallurgy Minister Vishnu Deo Sai said at a recent conference that the government is working hard in this direction. Although there are…
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Russia increases gold reserves for 5th consecutive month - IMFIn August of this year, Russia increased its gold reserves for the fifth month in a row, and Kazakhstan raised its reserves by more than half a million ounces, according to data from the International Monetary Fund. Russia, the fifth largest holder of gold bullion, added 232.510206 ounces of gold…
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China's largest producer of rare earths and non-ferrous metals receives government subsidiesChina's Rising Nonferrous Metals Group received 18.75 million yuan or $ 3.05 million in government subsidies. The company reported this to the Shanghai Stock Exchange. Subsidies were offered to subsidiaries of the company - Guangdong Fuyuan Rare Earth New Material Co. and Pingyuan Huaqi Rare Earth…
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Asia's steel production rose 1.7 percent in August this yearAccording to the latest data released by the World Steel Association, steel production in Asia increased by 1.7 percent during August on an annualized basis. China's total crude steel production in August reached 68.910 million tonnes, up 1.0 percent from 68.228 million tonnes in August 2013. India…
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