Metallurgy news
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Japanese factories keep stainless sheet prices at $ 3200 CFRAsian mills have cut domestic prices for austenitic stainless steels for July shipping prices. Offerings in Southeast Asia have dropped to $ 3,000 CFR or so, while Japan has kept it flat. Meanwhile, the price of nickel has come close to $ 900 per pound, so stainless steel sheets at the factories of…
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Ukraine plans to increase steel production in AugustAccording to the Ukrainian Association of Steel Producers, Metallurgprom, in August 2014, steel production in Ukraine is expected to increase by 3.2 percent compared to the expected result in July. The total volume of steel production in August should be 2.6 million tons. According to…
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Gold production in Russia increased by 21 percentIn the first 5 months of this year, the Russian gold mining industry has significantly increased production volumes compared to last year, according to the latest data. Gold production in bullion increased by nearly 30 percent, said Sergei Kashuba, head of the Russian Union of Gold Producers. This…
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Chinese metallurgists announced the revision of the price of rebarMajor Chinese factories reported price changes for rebar, wire and rods. The Shagang Group said it will keep wire rod prices unchanged until mid-July. Wire rod HPB400 will remain at 3300 yuan /ton. (1 Chinese yuan = 0.161 US dollars) However, the company announced that it intends to raise rebar…
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China's tin imports up 59 percentAccording to the latest data, China's tin imports rose sharply during the month of May this year. The country's tin import amounted to 645 thousand tons in May. Myanmar has become the main source of refined tin imports to China during the five months of this year. Refined tin imports in May this…
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World thermal coal prices will remain low until 2016Global coal prices will remain low until 2016 due to surplus that continues to haunt the market as producers increase production. Coal prices in Europe and Asia have lost more than half of their value since spring 2011. A mild winter in Europe and weak demand for coal-fired power generation in Asia…
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US sets duties on oil country tubular goods from 7 countriesThe US government has imposed duties on steel pipe imports from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, and Vietnam. The Commerce Department said it found dumping that damaged competition in the United States. Although the investigation found that pipes from…
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Rusal to build a new casting line at the Krasnoyarsk aluminum smelterRUSAL, the world's leading aluminum producer and alumina processor, has announced its intention to build a new casting line at the Krasnoyarsk Aluminum Smelter, where pre-design work has already begun. The new plant project is part of the company's policy aimed at increasing the share of alloys in…
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In the United States, imports of copper semi-finished products increased while exports decreasedAccording to the Council of Copper and Brass Refiners (CBFC), imports of rolled brass to the United States during the month of May 2014 increased from the previous year. However, exports fell during the month. The United States imported nearly 48 million pounds of rolled brass in May this year, up…
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Tin shipments in Indonesia remain at maximumIndonesian tin shipments in June 2014 held at a five-month high, while trade at the world's largest exporter fell as the metal must be processed to increase its value before being sent abroad. In June, total exports stood at 12,376.8 metric tons, just below the 12,778.8 tons in May, when it hit its…
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