Metallurgy news
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Tata Steel will continue deliveries for the UK railway network for another 5 yearsTata Steel, one of the largest manufacturers in the world, won a contract for the supply of railway tracks for the British railway operator. For at least five years, Tata Steel plans to supply its Network Rail products until 2019, with the probability of extension of the transaction until 2024…
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China will increase the purchase of iron oreChina plans to increase the amount of iron ore acquired in the global sea market in the coming months, since investments in infrastructure, in particular, are gaining momentum in the construction of railways. Currently, China consumes more than 60 percent of the total volume of the global iron ore…
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Indian metallurgists lagged behind the world levelThe growth of steel production in India in September amounted to 4.7 percent, which is slightly lower compared to the average world indicator of 6.1 percent. The growth of steel production in September was a pale shadow of the lifting of the world economy. According to the World Steel Association…
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Tokyo Steel will not increase prices due to cheap importsTokyo Steel Manoufacturing Co Ltd (Tokyo Steel) will not increase the prices of metal rolling in November, except for an acute -deficiency square pipe. This was announced to reporters by the managing director of Corporation Kesia Imamur. The leading metallurgical company of Japan, whose price…
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Voestalpine is building a rolling mill in AustriaIn 2016, Voestalpine in Austria, Leoben, will complete the construction of the most modern in Europe of the rental camp at its Leoben-Donawitz enterprise. As a result, the plant will produce about 550 thousand tons of high -quality rollery per year for the automobile and energy sphere. A nine…
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The prices for reinforcement in China continue to fallThe slowdown of the industrial production index in China led to a slight drop in reinforcing steel prices. Bloomberg writes about this today. The proposals for the reinforcement on the Shanghai futures exchange dropped by half a percent to 3551 yuan ($ 582) per ton. Bidding was opened by a drop in…
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Aluminum will not be able to grow in price - Goldman SachsGoldman Sachs analysts revised their own forecast for the global price of aluminum in 2013, worsening expectations by 10 percent. It is reported by Dow Jones. Prices for aluminum will continue to fall, market experts note. A weak reaction of buyers to decreased prices proves the presence of an…
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The World Bank revised its forecast for iron ore towards rising pricesThe price of iron ore in 2013 will be higher than predicted earlier. Such a forecast was voiced by experts of the World Bank against the background of the continuing growth of world production, improvement in the Chinese economy and after revising forecast oil prices. The new document of the World…
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Nickel's excess supply in the global market reached 108 thousand tonsAccording to the report of the International Statistical Bureau of metals and alloys of the World Bureau of Metal Statistics (WBMS), an excess supply of Nickel in the world markets for January - August 2013 amounted to 108 thousand tons. In total, from the beginning of the year, 1 million 272…
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Steel production in Japan has reached a five -year maximumThe production of steel in Japan in September reached a five -year maximum. His rise was supported by the rapidly growing construction sector of the country of the rising sun. And in the Russian Federation a protruding leaf to buy offers the company Optima steel, in the assortment of 0.7 to 6 mm…
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