Metallurgy news
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US steelmakers strive to get rid of Russian products in their marketUS steelmakers blamed Russia for flooding the domestic steel market for cheap flat products, challenging a trade agreement and reopening old disputes over Russian imports amid heightened tensions between the countries. They believe that Russian manufacturers are undercutting local prices and…
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Steel shipments in the United States increased by 2 percentThe latest report released by the American Institute of Iron and Steel (AISI), an association of North American steel producers, shows that US steel shipments in May 2014 increased 2 percent from the previous month. In addition, shipments in May of this year were up 4.4 percent from the figures…
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China's copper imports fell 8 percent in JuneCopper imports across the country in the first six months of this year amounted to 2,520 thousand tons, which is 25.9 percent higher compared to exports in the first half of 2013. Until June 2014, there was a steady increase in copper imports in China. According to experts, copper is increasingly…
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JSW Steel plans to significantly increase imports of iron ore due to lack of raw materials in the countryJSW Steel, the largest steelmaker, imported its first shipment of iron ore from South Africa last week. Amid a shortage of iron ore in India's domestic market, the company decided to import about 6 million tonnes of iron ore from overseas markets in the current fiscal year. The company says these…
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A lot of gold has been accumulated in the Magadan region since the beginning of the year250 kg of gold is the result of the miners of the Electrum Plus Sosumanskiy holding. Enterprises working on the extraction of gold ore are constantly increasing the rate of production. The artel workers of the Tenkinsky district, according to the administration of the mining enterprise, have washed…
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ThyssenKrupp modernizes converter plant and waste heat boiler in DuisburgThyssenKrupp Steel Europe considers lifting operations to be the main focus of the refurbishment of Converter # 2 and its associated waste heat boiler in the Duisburg Bruckhausen steel plant. At a height of almost 90 meters, a special crane moves the 50-ton boiler segment. The works have been…
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India is going to increase gold imports in 2014India's gold imports could rise to 200 tons in the second half of 2014 if the government cuts its import duty on gold to 6 percent from a record 10 percent of the budget, said Gems and Jewelry Trade Federation Director of India. Reducing the import duty on gold to 6 percent is reasonable and likely…
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European steel scrap market reportAfter the June meeting in Brussels, it seems that the European steel industry has finally entered the process of restructuring. The main issues are environmental issues (reducing CO2 emissions), overcapacity, competition with other materials and profitability. Because raw materials and supplies are…
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Latin American imports of finished steel from China hit record high - ALACEROThe latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel from China rose substantially during the month of May 2014. Imports between January and May this year jumped significantly higher than the previous year. Imports of finished…
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Indonesia and Freeport Sign Copper Export Memorandum of UnderstandingNegotiations on the settlement of tax disputes on copper exports between Indonesia and the US miner Freeport-McMoRan Copper & Gold ended with the conclusion of mutually beneficial agreements. After the agreement was signed, the company's share price increased to a new 52-week high. Freeport shares…
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