Metallurgy news
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Largest Nickel Mine Reopens After 30 YearsThe Fenix Mine, the largest nickel mine in Central America, begins operations after years of inactivity. Fenix is a world-class ferro-nickel ore development project with proven huge reserves. The largest nickel mine in Guatemala has been closed for 30 years. During his recent visit to the…
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Stainless steel maker Outokumpu cuts losses in Q2Outokumpu, the Finnish stainless steel maker, continued to improve its financial results during the second quarter and reported lower-than-forecast major losses from cost cutting, but cash flow was negative. At the same time, the company predicts small losses in the third quarter. The company has…
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US Imports Down 11% In June This Year - AISIAccording to the American Iron and Steel Institute (AISI), the United States imported a total of 3,586,000 tonnes of steel in June, down 11.1% from May. However, over the past period since the beginning of the year, imports of steel products amounted to 21,082,000 tons, which is 34 percent higher…
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Goldman predicts a surplus of copper in the market and a decline in prices to $ 6,200 per tonGoldman Sachs, in its most recent commodities analysis, reports that the global copper market will experience a surplus of around 350,000 to 500,000 tonnes during 2014-2015. In addition, copper prices are likely to drop to a low of $ 6,200 per tonne within twelve months. The copper market is likely…
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North American steel production fell 3.2 percent in JuneSteel production across North American countries fell 3.2 percent mom in June 2014, according to the latest data released by the World Steel Association. Total crude steel production in Canada in June this year was 1.010 million tons, down 2.88 percent from 1.040 million tons in May 2014. The…
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Egyptian steel sector filed anti-dumping lawsuit against importers of wire rod and rebarSteel companies in Egypt have filed an appeal against the import of wire rod and rebar from China, Ukraine and Turkey in order to protect their own industry from products sold at low prices. Egyptian Steel and other steelmakers have asked the government to re-impose anti-dumping duties on imported…
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Production results of the Chelyabinsk Zinc Plant for the first half of 2014The Chelyabinsk Zinc Plant (CZP) in the first half of this year produced 87,649 tons of commercial grade zinc and zinc alloys, which is 2.5 percent higher compared to the same period last year. CZP, Russia's largest producer of high-quality zinc and alloys, reports that 52.7 percent of the metal…
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China's stainless steel exports fell 18 percent in JuneThe latest data released by the Chinese customs authorities show that the country's stainless steel exports declined during the month of June this year. According to this data, in June 2014, China's export of stainless steel in sheets and coils was 268,143 tons. Exports during June were down 18.2…
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Aluminum production is supported by high demandThe International Aluminum Institute (IAI) said the global aluminum market showed a slight decline in production. However, the growing demand for aluminum is encouraging, as in June it was close to all historical highs. IAI data showed that primary aluminum production in June 2014 was around…
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Asia June Steel Production Down 2.1 Percent MoMAccording to the latest statistics released by the World Steel Association, steel production in the Asian region, the world's leading steel market, declined 2.1 percent during June 2014 compared to May. China's total crude steel production during June was about 69.294 million tons, down 1.62…
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