Metallurgy news
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Steel exports from Japan in June 2014 decreased by 2.1 percentAccording to the latest data released by the Japanese Iron and Steel Federation (JISF), the country's exports of common steel products declined during June this year. The country's steel exports have been declining for the eighth consecutive month. According to statistics, Japan exported 3.61…
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Global stainless steel production will hit a new record this yearGlobal crude stainless steel production is projected to total 40.2 million tonnes this year. This will be 5.7 percent higher than the previous high set last year. Output will grow for all major stainless steel producers in all regions. EU output in the first six months of this year is estimated at…
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Aluminum market may go from excess to deficit in 2015The aluminum market outside of China will face a deficit as early as 2015 due to a reduction in the production capacity of large producers and a ban on the export of ore from Indonesia. These conditions could lead the market to a long-term deficit, as there is a clear recovery in demand. According…
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Shandong to build a new pipe plant in MoroccoThe Shangang Metallurgical Group has signed an agreement to build a new steel pipe mill in the North African country of Morocco. The agreement was signed between the management of the company and the Minister of Finance of Morocco in the capital of Morocco. The Chinese plan to invest about $ 150…
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Steel prices fall in northern EuropeMEPS research shows that flat steel sales declined in the Nordic region in July in euro terms. Consequently, the factories received less profit. The demand for hot-rolled strip remained at a consistently low level. Manufacturers' sales are expected to pick up after the summer hiatus. Excess…
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Rebar production in Japan increased 1.7 percent in June 2014 - JISFAccording to the latest statistics released by the Japan Iron and Steel Federation (JISF), the country's rebar production declined slightly in June 2014 from production in the same month a year earlier. However, compared to the previous month, production increased slightly. According to JISF…
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Largest gold mine discovered in ChinaAn unusual discovery was made in the northwest of the Xinjiang region of China. Geologists have found one of the largest gold mines ever discovered. The gold mine is located in the town of Ulugqat, which is located on the border with Kyrgyzstan. Geologists estimate that the mine has a gold reserve…
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Rio Tinto's new mine should help overtake industry leader BHP BillitonThe fall in iron ore prices cannot stop Rio Tinto. The miner is making plans to develop the largest iron ore mine in Western Australia in the Pilbara area. During its operation, the company will be able to produce 70 million tons per year. This means that the new mine, to be named Pocket and…
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Steel pipe production in China reaches its highest monthly levelStatistics released by the National Bureau of Statistics (NBS) show that the country's seamless steel pipe production hit its highest level during 2014 in the month of June. However, production declined marginally from a record high in the previous year. The cumulative output of seamless steel pipe…
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Steel price growth is limited due to the situation in the markets of India, Russia and ChinaThe MEPS Steel Market Review shows that the Russian industry remains optimistic about the outlook for production and consumption in the third quarter of 2014. During this period, demand is expected to grow in the construction industry, mechanical engineering and other industries, but it will be…
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