Metallurgy news
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Rusal expects a global aluminum deficit of up to 1.3 million tons in 2015Russian United Company RUSAL predicts a global aluminum deficit of 1.3 million tonnes in 2015, which will determine the level of metal prices, as the first deputy CEO said this week at an industry event in Abu Dhabi, the capital of the United Arab Emirates. ... Vladislav Soloviev, who has held this…
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Rio Tinto continues to expand in MongoliaThe company controls 66 percent of the Oyu Tolgoi (OT) joint copper and gold complex in Mongolia. Ivanhoe Mines and Rio Tinto reached an overarching agreement to complete the accelerated, full-scale construction of the first phase of the OT copper-gold complex in southern Mongolia, which has…
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World steel production rose 1.4 percent in August 2014According to the latest statistics released by the World Steel Association, steel production by 65 member countries smelted 134.956 million tonnes in August this year, up 1.4 percent over the same month the previous year. The total volume of crude steel production in the EU-28 countries in August…
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Steel imports rise in Japan amid falling exports in August 2014Updated government trade data indicate that Japan's steel imports increased 1.2 percent in the month of August this year. On the other hand, steel exports from the country have been declining for the twelfth consecutive month. According to the latest data, imports of steel from Asian countries to…
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Russian metallurgy is increasing productionAccording to the results of the first eight months of this year, the domestic metallurgical industry showed an increase in key indicators. During this period, steel production amounted to 47.2 million tons, which is 2.3% more than last year. Pig iron production amounted to 33.8 million tons, which…
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Taiwanese Feng Xin cuts purchase prices for rebar and scrap metalTaiwanese manufacturer Feng Xin has decided to cut rebar prices by $ 50 per tonne starting September 22. The purchase prices for steel scrap will be reduced by $ 800 per ton. However, the company decided to keep its long steel prices unchanged over the coming weeks. According to the company's press…
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NMDC plans to start mining in AustraliaNMDC, the largest iron ore producer under the administrative control of the Indian Ministry of Steel, is acquiring an additional 30 percent stake in the Australian firm Heritage of Iron Ore to begin mining in that country within the next two years. With an additional 30 percent stake in the…
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Azovstal continues production during military operationsDoing business in Ukraine is quite complicated due to the endless war. Azovstal, a major steel producer, is located in the city of Mariupol on the coast of the Sea of Azov, with about 500,000 inhabitants. The well-being of these people largely depends on the position of the metallurgical plants…
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Arcelor Mittal advances lightweight steels for the automotive industryArcelor Mittal has unveiled its latest developments in high-strength steels that will reduce the weight of a pickup truck chassis by almost one-quarter, thereby discouraging automakers from focusing on aluminum in deploying energy-efficient vehicles. The company has expanded the concept of…
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Concern Kalashnikov will carry out a large-scale modernizationConcern "Kalashnikov" has planned for the near future to carry out a large-scale modernization of production with the replacement of technological equipment. The total amount of investments is planned at the level of 4 billion rubles. The retooling program was presented on September 19th. According…
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