Metallurgy news
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China's steel exports hit a new record between January and JulyChina's steel exports hit a record high in the first 7 months of this year, according to data released by China's General Administration of Customs. Exports jumped 37 percent over the corresponding period in 2013. A sharp drop in domestic demand and an increase in demand from the US and the…
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Novelis, largest aluminum producer in the US, raises pricesOne of the leading manufacturers of rolled aluminum, Novelis Corporation, has announced an increase in prices for automotive sheets and aluminum products. The new prices will rise by 5 percent and will apply to all types of new orders. The company announced this on Monday. But still, for those…
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Metinvest keeps afloat despite alarming situation in UkraineMetinvest Group does not stop its work even in connection with the difficult situation in the east of Ukraine. The company supplies raw materials to its divisions and ships finished products to customers. Metinvest's logistics specialists, together with Ukrzyliznytsya, organized an operations…
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Kobe Steel and Angang Steel to jointly produce steel for the automotive industryKobe Steel Limited and Angang Steel have formed a joint venture company Kobelco Angang Auto Steel Company Limited in China, which, on August 1, began operations to manufacture and sell advanced high strength cold rolled steel sheet for automobile manufacturing. The two parent companies signed an…
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Arcelor Mittal Increases Forecast for Global Steel Demand GrowthThe world's leading steel producer, Arcelor Mittal, has increased its forecasts for global consumption of Glo steel. The company expects global steel consumption to be 3-3.5 percent higher in 2014 as the US and EU regions show positive developments, said Lakshmi Mittal, the company's chairman and…
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Limited influx of aluminum in Q3 2014 supports price increases - FastMarketsThe quarterly analysis and forecast of the situation on the aluminum market, published by FastMarkets and Sucden Financial, indicate that during the third quarter of this year, the growth of prices for aluminum continues, which is mainly due to the limitation of metal supplies. According to the…
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A new metallurgical plant will be built in the Irkutsk regionThe Vtorchermet company became one of the initiators of the construction of a plant in Eastern Siberia by investing its own funds. At the same time, it is envisaged to attract credit funds and financial support from the local budget. The regional government promoted the inclusion of the project in…
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Vale plans to expand its fleet to increase shipments of iron oreOne of Brazil's largest iron ore producers, Vale, plans to buy new ships to double its iron ore shipments to China over the next five years. Vale's head of marketing, Jose Carlos Martin, said that with the increase in iron ore exports, from a financial point of view, the company should have hired…
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Tata Steel has ambitious profit plansSince the 2009 recession, Tata Steel's Europe, which used to be the company's main source of revenue, has significantly reduced its revenues. Due to the losses caused by the economic crisis, the company is working to strengthen its image by conducting a wide advertising campaign, and plans to buy…
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US Steel Exports Rise Slightly During JuneThe US Steel Institute for International Operations (AIIS) said in a statement that US Steel exports rose 0.5 percent in June 2014 from the previous month. At the same time, exports to the countries of NAFTA trading partners (Canada and Mexico) slightly decreased. At the same time, the total export…
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