Metallurgy news
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Severstal OJSC Sells American PlantsRussian Severstal has signed separate definitive agreements for the sale of its subsidiaries Severstal Columbus and Severstal Dearborn with Steel Dynamics, Inc and AK Steel Corporation for US $ 2,325 million. Steel Dynamics Inc buys Severstal's Columbus, Michigan mini-mill for $ 1.62 billion in…
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Taiwan-based CSC leaves prices unchanged for September 2014 shipmentsChina Steel Corp (CSC), a major Taiwanese manufacturer of carbon flat products, has announced prices for steel plates for September 2014 shipments. The company decided to leave prices for steel sheet unchanged until September due to the lack of stable demand in the existing market. At the same…
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Peru will produce 4 million tons of copper by 2019According to industry analysts, Peru is on the right track and plans to compete with Chile, the world's largest copper producer, with 5.8 million tonnes of copper per year, in the coming years. Peru is currently completing several expansion projects for existing mines and developing new mines…
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Gold price reacts to geopolitical tensionsAfter a Malaysian passenger plane was shot down in eastern Ukraine, gold buying panic raged in the markets. As a result, gold recorded its largest daily gain in the past month. The Israeli offensive in Gaza also provides gold with additional support. But the strengthening of the US dollar continues…
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Recycling e-waste has become an important challenge in the fight against environmental pollutionGovernments around the world are encouraging the recycling of e-waste. For example, the Indian Ministry of the Environment announced the launch of a new e-waste support system by providing financial assistance to e-waste firms. According to research carried out by various agencies, e-waste has been…
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TMK and LUKOIL approve cooperation programTMK, one of the world's leading manufacturers of pipes for the oil and gas industry, and LUKOIL signed a cooperation program for 2014-2016. The program provides for the launch of import-substituting and new types of high-precision pipe production that will meet modern needs in the oil and gas…
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German consortium signs deal for iron ore project in PakistanThe Pakistani province of Punjab and a consortium of German companies have signed an iron ore exploration project at the Chiniot-Rajwa deposit. The German consortium GEOS represented by Managing Director Jürgen Hartch and the head of mineral development Arshad Mahmud signed the project. On the…
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Evraz steel output increased by 1.1 percent in the second quarterEvraz (Evraz) reports that the pace of steel production has changed slightly compared to the previous year, but this did not prevent the increase in production compared to the previous quarter. The company said the growth was due to improved operations at its plants in South Africa and Russia. The…
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Australian company reveals high reserves of copper and gold deposit in KyrgyzstanWhite Cliff Minerals, an Australian mineral exploration company, has experienced a strong uptick in its shares following strong performance from the high quality copper and gold exploration program of the Chanakh project in Kyrgyzstan. The company's program is aimed at discovering gold and…
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FIFA World Cup Boosts Aluminum Packaging Sales In Brazil By 35 PercentThe FIFA World Cup has sparked an unusual increase in sales of aluminum cans in Brazil. The event pushed sales of aluminum cans to over 2 billion. Their sales in Brazil were up 35 percent in four weeks over the same period last year. The president of South America aluminum company Novelis says the…
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