Metallurgy news

• Metinvest will appeal to London court in case of refusal of Eurobond holders to restructure shares Metinvest, a mining and metallurgical company, has notified its Eurobond holders that if the next meeting of Eurobond holders with maturity in 2015, scheduled for June 26, does not take place, the company will have to go to the Royal Court to defend its rights. As previously reported, in connection... 22.06.2015  12:17

• Iron ore prices fell to a seven-week low The price of iron ore fell to its lowest level since April this year due to falling demand for steel. Iron ore futures on the Dalian Commodity Exchange fell nearly 3 percent last week, hitting $ 68.46 a tonne, the sharpest drop since late April 2015. In addition, the 62 percent Fe ore supplied to... 22.06.2015  11:11

• Global copper surplus reaches 159,000 tons in January-April According to data released by the World Bureau of Metals Statistics (WBMS), the global copper market surpassed 159,000 tonnes between January and April 2015. Worldwide copper consumption was 7,260,000 tonnes in the first four months of this year. During the corresponding period in 2014, copper... 21.06.2015  12:22

• Rebar imports to Mexico hit record high The latest statistics released by the Mexican Secretariat for Economic Affairs show that rebar exports from that country experienced a steep decline amid record imports during the month of March, which surpassed the annual level reached in 2014. Exports of rebar products to Mexico totaled 26,943... 20.06.2015  15:32

• World zinc market in abundance - MGISTS The latest statistics published by the International Lead and Zinc Research Group (IHRC) indicate that the global market for refined zinc was in excess of 181,000 tonnes during the first four months of this year. Total stocks of zinc on the London Metal Exchange (LME) decreased by 223,000 tonnes... 19.06.2015  13:12

• New alloys for the aerospace industry are being developed Carpenter Technologies says it is currently working with major aerospace manufacturers to secure supplies of a new corrosion-resistant, high-strength stainless steel alloy for use in the chassis. The alloy must combine the properties of several existing ones to form a new aerospace alloy CarTech... 19.06.2015  12:26

• China and Australia Sign Free Trade Pact The free trade agreement between China and Australia should provide an additional supply of goods for the world's second largest economy, helping Chinese producers to reduce the cost of materials such as coal and iron ore. After more than a decade of negotiations, the two sides finally signed the... 19.06.2015  11:01

• Ukrainian metallurgical companies forecast production growth in July According to the Metallurgprom Association (Dnepropetrovsk), the plan for July 2015 provides for an increase in pig iron production by 23.5 percent to 2.1 million tons. It is reported that metallurgical companies of Ukraine also plan to increase steel production in July by 4.5 percent compared... 18.06.2015  11:46

• Primary aluminum market reports deficit in January - April 2015 The latest report, published by the World Bureau of Metals Statistics (WBMS), shows that the global primary aluminum market recorded a deficit during the first four months of this year. According to the report, the market experienced a deficit of 283 thousand tonnes of aluminum, compared with a... 18.06.2015  11:36

• Nazarbayev and Mittal discussed the role of ArcelorMittal in the economy of Kazakhstan The company's participation in the development of the country's economy and the prospects for its activities, taking into account the current state programs of Kazakhstan, were discussed during a meeting between President Nursultan Nazarbayev and the General Director of Arcelor Mittal Lakshmi... 18.06.2015  10:58