Metallurgy news
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China's Exports of Welded Steel Pipes Decline in MayExports of welded steel pipes in the country declined during May 2014 compared to May last year, according to data released by the Chinese customs authorities. Nevertheless, in comparison with the previous month, the demand for steel pipe on the world market was at a high level, so exports remained…
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Severstal increases steel supplies to manufacturers of household appliancesRussian steel producer Severstal says it intends to supply 60 thousand tons of steel for companies producing household appliances and packaging in the second half of the year under already signed contracts, and 19.5 thousand tons under contracts that will be closed in the third quarter of 2014…
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Vietnamese government to continue construction of Vung Ang SteelDespite the fact that a government spokesman announced the rejection of the offer of investors from the Taiwanese company Formosa to create a special economic zone, construction in Ha Tinh will continue, which will require the use of large construction equipment, which will have to be delivered to…
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AISI calls on Obama administration to control currency manipulationThe American Iron and Steel Institute (AISI), along with other trade and economic groups, has called on the Obama administration to strictly enforce currency-manipulation measures in all future US Free Trade Agreements (FTAs). The trade group, together with AISI, sent a letter to Jack Lew…
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Turkish steel imports and exports declined during January-May 2014The latest statistics released by the Turkish Statistical Institute point to a sharp drop in the country's imports and exports in the first five months in 2014. According to the statistical office of Turkey, imports of iron and steel in the first five months of this year in monetary terms amounted…
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Australian giant BHP ships 1 billion ton of iron ore to JapanThe laden ship left the port of Hedland in Western Australia to deliver the billionth tonne of iron ore that Australia's largest mining company, BHP, sent to Japan. Most of the old mines in the Pilbara region were established in the late 1960s and 70s based on growing demand from Japan as the…
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Kenya Turns to Indian SAIL to Create an Integrated Steel CompanyKenya has expressed interest in building an integrated steel mill through a joint venture with the Steel Authority of India (SAIL) in East Africa. The High Commissioner of India in Kenya approached the Chairman of SAIL explaining that the Kenyan government is looking forward to working with SAIL to…
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In the United States published data on the allowed imports of steel in JuneThe Department of Commerce and Data Analysis (SIMA), in conjunction with the American Iron and Steel Institute (AISI), announced that applications for steel imports in June received a permit in the amount of 3,436,000 tons. This is 14% less compared to preliminary May imports, which totaled…
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Indonesia's Largest Miner Suspends Tin Export Due to Low PricesPT Timah, Indonesia's largest tin miner, has halted exports for up to two weeks amid declining global metal prices, the company's chief executive said. CEO Timah Sukrisno said he listened to the marketing arm and decided not to sell tin for one or two weeks. He added that tin prices need to…
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Metinvest plans to sell $ 200 million worth of steel products in RomaniaUkrainian mining and metals company Metinvest recently opened a sales office in Romania, Metinvest Carpathia, and hopes to achieve $ 200 million in sales this year. This is due to the fact that Romania is expected to increase steel consumption due to new infrastructure projects and the country's…
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