Metallurgy news

• China increased exports of finished rolled products in January-May 2015 According to the latest data released by China Customs, exports of finished rolled products increased in the first five months of 2015. However, imports of finished steel into the country registered a decline during the above period, although China is seeking to raise infrastructure spending and... 09.06.2015  12:57

• Tata workers to strike first strike in UK steel industry in 30 years Tata Steel workers have decided to go on strike this month over a perennial controversy over pensions. This is the first strike by UK steelworkers in 30 years. At its plants located in Llanelli and Port Talbot, Tata Steel announced its intention to close British Steel's pension scheme next March.... 08.06.2015  20:02

• India introduces anti-dumping duties on stainless steel imports The Treasury Department imposed anti-dumping duties of $ 180 to $ 316 a tonne on some industrial stainless steels imported from China, Malaysia and South Korea in an attempt to stem surging imports and protect domestic industries. The decision was made after the Ministry of Commerce announced... 08.06.2015  11:29

• Scrap metal recycling and environmental protection - report “Reducing carbon emissions is a prerequisite for protecting the climate, and recycling does just that,” celebrated at World Environment Day 2015 in Genoa, Italy. The conference participants raised the question: "Why are scrap metal recycling operators not rewarded for their activities in the con... 08.06.2015  11:08

• Vale Will Increase Yield of High Iron Ore Brazilian mining giant Vale SA said last week that it will expand its iron ore capacity to 450 million tonnes from its current 340 million tonnes over two years to gain more market share, realizing that this could also lead to to reshuffle and shake up the industry. President Murillo Ferreira... 07.06.2015  14:51

• Kazakhstan seeks to obtain Chinese loans for the implementation of copper and aluminum projects Albert Rau, Deputy Minister for Investment and Development of Kazakhstan, said the government is seeking about $ 3 billion in loans from China to build two new plants to increase copper and aluminum production in the Central Asian country. “We did our best to prove to them that it is more p... 07.06.2015  14:34

• Samsung will use high-strength aluminum in smartphones For the first time, Samsung's latest Galaxy S6 and S6 smartphones will feature a case made of high-strength aluminum. The cell phone maker has struck a deal with one of the leaders in the aluminum industry, Alcoa Inc (Alcoa). The company, with its corporate headquarters in New York, is the third... 07.06.2015  13:50

• Russia is going to increase its foreign exchange reserves Over the past year, the Central Bank of Russia has been the main buyer of gold bullion, and this trend will continue for the near future. According to media reports, Elvira Nabiullina, the chairman of the central bank, said there are plans to increase foreign exchange reserves to $ 500 billion over... 05.06.2015  12:40

• Evraz temporarily suspends production at a plant in the USA Russian steel company Evraz is temporarily suspending operations at its North American production base in Pueblo due to weak demand. A company spokesman said we have temporarily scaled down steel production at our Pueblo site for one week to keep up with falling demand. About 100 employees will... 05.06.2015  12:06

• NLMK may redirect EU transformer steel exports to India The Russian steel producer NLMK may redirect part of the export volumes of transformer steel from the European Union to India due to the duties imposed by the European Union on the supply of these Russian products, as stated by NLMK President Oleg Bagrin. He added: “There is also potential to i... 05.06.2015  11:42