Metallurgy news
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Novelis raises prices for aluminum productsNovelis, a leading manufacturer of rolled aluminum products, announced a price increase for automotive sheets and specialty aluminum products in North America. The revised prices will apply for all new orders, added a Novelis spokesman. However, all existing orders are subject to clear agreements…
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Thai producers seek to tame rising prices for hot rolled coilsThe Steel Pipe and Cold Forging Association has called on the government to intervene in the pricing of hot rolled steel coils to stop the price rise in the country. According to the Association, prices for hot rolled products have risen by almost 20 percent since high tariffs were introduced last…
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Indonesia plays a decisive role in determining world tin pricesThe head of the Commodity Futures Trading Regulatory Agency, Satriono Edi, said that the level of world tin prices on the LME exchange is now set by Indonesia. “Following the implementation of the new law to export tin, a metal used in smartphones and other goods, prices have reached their highest…
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Russia is not worried about Western sanctionsAccording to experts, the sanctions banning the import of agricultural products from a number of European countries are just the beginning of the struggle. Therefore, absolutely all branches of the domestic industry are being re-equipped. This also applies to the engineering industry. Experts…
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Mechel Introduces New Coal Beneficiation TechnologyMechel announced the introduction of an innovative technology that will be aimed at dewatering and beneficiation of coal at the Elga seasonal processing plant. The total volume of all investments is equal to $ 2,000,000. Due to the fact that an innovative press filter from Tecnicas Hidraulicas will…
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I-beam export prices fall due to competition from Asian countriesJapanese factories, which previously enjoyed a monopoly on the export of large I-beams, are facing stiff competition from Korean and Taiwanese factories, experts say. Export prices for these products were at $ 800 CFR in June. However, the production of these products by Taiwanese factories forced…
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Rebar exports decreased in TurkeyThe latest statistics released by the Turkish Statistical Institute (TUIK) show that the export of various types of rebar from the country fell sharply in June 2014. According to TUIK statistics, the export of fittings during June of this year amounted to 530 thousand tons, which is 24.7 percent…
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India is set to become the world's second largest steel producer - ArcelorMittalArcelorMittal said India is moving towards the top of the industry leader with the largest steel production capacity in the world. In addition, the company believes that the volume of M&A (mergers and acquisitions) in India is likely to continue to grow. Large Indian companies are exploring growth…
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HRC Hot Rolled Coil Sales Slow Down In AugustIn Southern Europe, HRC prices have risen by € 2 /t from the beginning of August to € 410 /t. However, the summer lull appears to have left European steel demand with spot HR coil prices hovering or close to 12-month lows. Hot rolled steel sales volumes slowed in the northern and central states of…
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Chinese steel exports to hit new record in 2014MEPS International experts have revised upwards the previous forecast for the volume of exports of finished steel products in 2014. They concluded that the final figure would be a new record of at least 80 million tonnes. This is the fifth consecutive year that China has seen an increase in global…
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