Metallurgy news

• Saudi Arabia and Russia support each other in the fight for the global oil market In a rapidly changing geopolitical environment, Saudi Arabia and Russia are forging ahead, fostering closer relations in key sectors, including the energy sector. Recently, during a meeting in St. Petersburg, 6 major deals were signed between two of the world's leading crude oil producers. Deals... 29.06.2015  12:27

• Tin Shows Worst Trends In 2015 Tin prices saw their biggest decline in at least a quarter of a century in the first half of 2015, amid abundant supplies and lackluster demand. Tin has dropped 23 percent this year, the worst performing industrial metal on the London Stock Exchange. The largest decline in percentage terms was... 29.06.2015  11:35

• UMMC increases production of refined copper The Ural Mining and Metallurgical Company, the largest copper producer in Russia, will produce about 199 tons of refined copper by the end of the first half of 2015, which is almost 3 percent higher than the output in the same period in 2014. However, zinc production in January-June is expected to... 28.06.2015  15:29

• RUSAL signs an agreement on the operation of infrastructure in Guinea RUSAL, the world leader in the production of aluminum, announces the signing of a multilateral agreement to use the railway infrastructure of the Boke province in Guinea as part of the Dian-Dian project to accelerate the development of a large bauxite deposit. The agreement reached during the... 28.06.2015  13:35

• BIR published a report on non-ferrous metal scrap According to the latest report from the Bureau of International Recycling (BIR), the situation in the global non-ferrous scrap market is complex, including an oversupply in some countries and a shortage in others. Scrap metal exports to India have declined significantly, pending greater clarity... 27.06.2015  12:15

• Steel production in the CIS falls in May Steel production in the CIS decreased significantly during May 2015. Steel output in Ukraine and Uzbekistan fell sharply, while Belarus and Kazakhstan showed strong growth in steel production. According to the latest data released by the World Steel Association, crude steel production in the... 26.06.2015  12:30

• Recycling of Electronics in China Reaches Significant Growth The electronics waste recycling sector has made significant progress in this country, according to a report published by China Business News. The Chinese e-waste recycling industry has achieved success as a result of the e-waste policy introduced by the Chinese administration in 2011. However, the... 26.06.2015  11:52

• North American steel production fell 6.7 percent in May North American steel production fell 6.7 percent during the month of May on an annualized basis, according to the latest data released by the World Steel Association. Steel output amounted to 9.545 million tons in May 2015, while in May 2014 the output was 10.225 million tons. Total crude steel... 26.06.2015  10:52

• In June, scrap prices in Germany fell, while in the US they rose The latest statistics provided by the German Steel Recycling Federation (BDSV) show that scrap prices in the country fell during June 2015. During this period, prices declined slightly, almost EUR 0.44 per tonne. Prices for old scrap metal decreased by 1 euro per tonne and touched 204 euro per... 25.06.2015  15:09

• BHP cuts 140 jobs in South Australia Around 140 jobs at BHP Billiton in Adelaide are poised to cut after warnings following falling commodity prices. It is noted that in the resource sector of South Australia over the past 12 months, the number of lost jobs, taking into account the latest cuts, will be brought to 900, and the... 25.06.2015  13:43