Metallurgy news
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Brazilian Iron Ore Exports In June Increase 13.2 Percent On YearAccording to the latest data released by the Brazilian Ministry of Development, Industry and Foreign Trade, the country's iron ore exports in June 2014 increased significantly year on year. The country exported 29.55 million tons of iron ore during the month. However, this is 3.7 percent lower than…
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China's Transport Sector Demand To Reduce Aluminum OversupplyThe expected surplus of aluminum in China in 2014 will decline, in accordance with the latest analysis of the situation. Strong demand from the transport sector and the completion of infrastructure facilities here will require the use of special equipment for the transportation of oversized and…
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Weekly U.S. Steel Production Down 0.5 Percent On Week: AISIAccording to statistics released by the American Institute of Iron and Steel (AISI), crude steel production in the country fell 0.5 percent over the week. The capacity utilization rate of American steel producers in July is 77.0 percent. The total production of crude steel for the past period in…
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Japan's steel production is projected to rise between July and September 2014Japan's Ministry of Economy, Trade and Industry (METI) predicts a surge in crude steel production in the second quarter of the current fiscal year, according to research by the Japanese Ministry of Economy, Trade and Industry. Steel output in July-September 2014 is projected to increase by 27.960…
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Indonesia's steel imports fell nearly 13 percent in MayThe latest data released by the Indonesian Central Bureau of Statistics (BTS) reports a significant decline in the country's steel imports during the month of May this year. A similar drop in imports was observed in monetary terms generated by imports of iron and steel. Indonesia's steel imports…
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ISSDA Demands Increased Import Duty On Stainless Steel From ChinaChina currently accounts for nearly 50% of the world's total stainless steel production. Chinese stainless steel products have reached about 30% of the Indian market, so the stainless steel association ISSDA has demanded a double import duty in order to protect the interests of the domestic…
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Production of crude steel by ArcelorMittal Kryvyi Rih in the 1st half of the year decreased by 2.7 percentIn the first half of this year, crude steel production at ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the world famous giant ArcelorMittal, amounted to 3,037,000 tons, down 2.7 percent year-on-year. In addition, in the first half of 2014, ArcelorMittal Kryvyi Rih recorded a 6.6 percent…
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Evraz is considering the sale of shares in the North American divisionEvraz, Russia's largest steelmaker, which bought Highveld Steel & Vanadium from Anglo American 7 years ago, is considering selling part of its North American block as it seeks to reduce debt. The steelmaker has yet to decide whether to proceed with the offer at all. An improvement in the condition…
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Mechel OAO is studying a new plan to liquidate debtMechel of Russia is in discussions with the government and local banks on a new plan that should help the company reduce its debt by approximately US $ 9 billion. It is believed that the proposal could include a merger of some of Mechel's assets with metallurgical plants and mines owned by…
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Posco and China's Chongqing Iron & Stee Sign Joint Investment AgreementPosco, a South Korean steelmaker and the Chinese steelmaker Chongqing (Chongqing) have signed a memorandum of understanding to implement joint investment projects worth about $ 3.3 million, the South Korean Ministry of Commerce said in a statement. The MOU will address a wide range of issues…
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