Metallurgy news
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The aluminum market will be in short supplyHSBC experts in the metal outlook report say that the global aluminum market is expected to change oversupply to shortages this year. HSBC said that aluminum production outside of China will decline in 2014 and 2015. China's current aluminum production accounts for 46 percent of world production…
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USA confirms duties on Japanese flat productsThe US International Trade Commission found that local metallurgy was being supplanted by cheaper imports from Japan. They set a tariff policy for Japanese nickel-plated flat products. Thomas Steel Strip Corp, a division of Indian conglomerate Tata Steel, complained about an import of steel used in…
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Mexico hijacks illegal iron ore shipMexican authorities hijacked a drug cartel ship carrying 68,000 tons of illegal iron ore. Authorities received an anonymous phone call after the ship left the port of Lazaro Cardenas. The mayor of the city was arrested on suspicion of having links with drug traffickers. Mexico has seized more than…
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An overview of the use of steel in the EU automotive industryEUROFER believes that the soft growth scenario for vehicle sales and production from 2014 to 2015 looks plausible, which will require even more high-strength and light steels. EU passenger car sales showed a further increase in the first two months of 2014. YoY sales rose 6.6 percent in the largest…
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Italian steel king Emilio Riva diesANSA has reported that the Italian king of steel, Emilio Riva, has died at the age of 87. The Italian Steel Federation said Italy had lost a big captain in industry. The Riva Empire is the third largest in Europe and the 18th largest in the world. It includes the troubled ILVA group with the…
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Iron Ore Bond Financing Should Help Chinese MetallurgistsBaoshan Iron and Steel believes that the Chinese method of financing the use of iron ore can help local metallurgists by reducing raw material prices. The Baosteel chairman said that "financing of iron ore import deals ran into risks, but if mitigating those risks can bring iron ore prices back…
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Overview of steel use in the EU construction sector - EUROFERIn the first quarter of 2014, activity is growing mainly due to the seasonal effect, but in mid-2014 construction will decline in the EU. The situation is likely to continue until 2015. Since 2015, a growing demand for shopping centers, schools, hospitals is expected. In the last quarter of 2013…
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Rio Tinto is not worried about falling ore pricesRio Tinto's head of iron ore sales, Andrew Harding, says he is not worried about a sharp drop in iron ore prices for at least the next two years. Despite the 2.7 percent drop in the price of the steelmaking ingredient throughout the day, all the way to $ 105 a tonne, Andrew Harding said he is…
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Krakatau Steel presents first quarter resultsIndonesia's state-controlled largest steelmaker Krakatau Steel, based in Cilegon, reported losses in the first quarter of this year, citing low revenue. Against this backdrop, Krakatau Steel has cut its planned overhaul costs for this year to $ 500 million from an initial estimate of $ 800 million…
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Gazprom reaches agreement with OMV and Allseas on South Stream constructionGazprom signed an agreement with the Swiss company Allseas Group for the construction of a pipeline in the Black Sea, and a preliminary agreement was reached with the Austrian company OMV for the construction of a pipeline to be completed in Austria. Allseas is expected to lay a pipe about 900…
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