Metallurgy news

• CIS steel production drops 11 percent in June Commonwealth of Independent States (CIS) steel production declined by almost 11 percent during June 2015. A sharp decline in production was recorded in Moldova and Ukraine. Crude steel production in the CIS declined 10.7 percent during the month of June on an annualized basis, according to the... 28.07.2015  11:34

• USA cut steel imports by 10 percent in June The latest statistics released by the American Iron and Steel Institute (AISI) show that the country's steel imports fell 10 percent in June this year. The total volume of steel imports in the first half of the year increased by 3 percent. In June 2015, the United States imported a total of... 28.07.2015  10:30

• Norilsk Nickel summed up the results of the safety unit for the first half of the year At an expanded meeting of the heads of Norilsk Nickel's security departments, the results of the first half of 2015 were summed up. The meeting was chaired by Vladislav Gasumyanov, Vice President and Head of the Security Block. According to the established tradition, along with representatives of... 28.07.2015  10:28

• Moody's lowers POSCO's earnings forecast The international rating agency Moody 's Investors Service reports that the weak financial results of POSCO in the second quarter of 2015 will not affect the Baa2 rating and its stable outlook. “We have lowered our earnings forecast for POSCO given the weaker-than-expected performance of its s... 26.07.2015  14:42

• Russia reduced steel output in the first half of the year According to the results for the first half of 2015, the drop in steel production in Russia amounted to only 0.2 percent to 34.9 million tons, while the output of rolled products decreased by 0.6 percent to 30 million tons. During the reporting period, the production of steel pipes increased by 9.8... 26.07.2015  13:16

• MMK will increase its hot-dip galvanizing capacity The Magnitogorsk Iron and Steel Works (MMK) and the SMS Group (Germany) signed an agreement for the supply of equipment for a new continuous galvanizing line. The contract value is over 25 million euros. The annual production capacity of the new equipment will be over 360 thousand tons per year.... 26.07.2015  11:35

• Steel Prices Rise In China Amid Tightening Pollution Control The new pollution control policy will increase the cost of energy for smelters if they fail to meet the new stringent emission standards within the next three months. This means that steel prices may have a good chance of increasing at these smelters. As a result, billet prices in Tangshan have... 25.07.2015  12:26

• Global aluminum production declines in June - IAI Global primary aluminum production, excluding China, fell significantly during June this year, while consumption rose. The latest statistics released by the International Aluminum Institute (IAI) show that global aluminum production in June this year declined from the previous month, but this... 25.07.2015  11:46

• Brazilian Iron Ore Exports Increase In June According to the latest data released by Brazil's Ministry of Industry Development and Foreign Trade (MDIC), iron ore shipments from the country rose slightly during June this year. Exports of iron ore from Brazil in June 2015 amounted to 32.02 million tons, up 8.4 percent compared to exports in... 25.07.2015  11:08

• The largest steel producers reduce production in June 2015 The largest drop in steel production during June was observed in Ukraine. The production of crude steel this month amounted to 2.0 million tons, which is 21.8 percent less than in June last year. Ukrainian metallurgists in June produced 1.83 million tons of pig iron and 1.79 million tons of general... 24.07.2015  15:45