Metallurgy news
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Japanese steel imports and exports slow down in JulyThe latest statistics released by the Japanese Ministry of Finance (MOF) indicate a significant drop in the country's steel exports and imports during the month of July 2014. According to the Ministry of Finance, the export of metal products of the country amounted to 3299 thousand tons during the…
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CIS steel production in July 2014 increased by 2.3 percentSteel production in the Commonwealth of Independent States (CIS) climbed 2.3 percent during July from the previous month, according to the latest data released by the World Steel Association. The total volume of crude steel production in Belarus in July remained practically at the level of the…
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India's largest gold refiner aims to boost production by 78 percentIndia's largest gold refiner MMTC-PAMP expects to see a 78 percent increase in gold refining in 2015. The company intends to increase its gold processing volume to 80 tons during the 2014-2015 financial year. The company announced an updated production volume of 45 tons of gold for 2013-2014…
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AISI approves import duties on oil country tubular goods from nine countriesThe American Iron and Steel Institute (AISI) has commented on the final vote of the US International Trade Commission (ITC) on OCTG pipes imported from nine countries. “We are delighted that ITC has correctly identified the damage to US producers by imports of OCTG from India, Korea, Taiwan…
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Chinese imports of iron ore from Australia jumped 33.5 percent in July 2014The latest statistics released by the Chinese Customs Administration show that iron ore imports from Australia to the country increased significantly during the month of July 2014. Iron ore imports from Australia in July this year accounted for 67 percent of all Chinese imports. The increase in…
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Imports of stainless steel in Turkey increased in the first half of the yearAccording to the latest statistics released by the Turkish Statistical Institute (TUIK), the country's stainless steel imports fell sharply during June 2014, but this did not significantly affect the results of the first half of the year. Imports in June amounted to 42,453 tons against 49,554 tons…
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Updated data of the MMK Group for the metallurgical segmentTotal revenues for the Russian steel segment in Q2 2014 were $ 2,047 million, up 15.4 percent QoQ. This growth was due to an increase in sales volumes at OJSC MMK by 8.3 percent and by MMK-Metiz by 21.2 percent amid rising steel prices. EBITDA for Q2 2014 is $ 403 million, up 19.7 percent. The…
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The global copper market begins to experience a deficitAccording to data released by the International Copper Research Group (ICSG), the global refined copper market is experiencing a 69,000 tonne deficit. Figures do not include adjustments to changes in China's customs stocks. The balance of refined copper, including China's customs stocks, has a…
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Metalloinvest and Pittini Group signed a contract for the supply of HBIMetalloinvest, the largest mining and metallurgical holding in Russia, and the Italian steel plant Ferriere Nord SPA, part of the Pittini Group, have signed a long-term contract for the supply of hot briquetted iron (HBI). According to the agreement, the price for the products will be set in…
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Stainless steel has good prospects for solar energy applicationsThe development of renewable energy sources and energy conservation requires the use of a wide range of technologies in which stainless steels are widely used. Stainless steel solutions are essential to harness the sun's energy. The technical team, together with the designers, provided information…
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