Metallurgy news

• Turkish rebar exports rose sharply in March The monthly import and export statistics published by the Turkish Statistical Institute (TUIK) show that the export of rebar from the country increased significantly during March and the first quarter of this year. Imports of billets and slabs also showed growth over the reporting... 19.05.2015  12:00

• Norilsk Nickel presented an update to its annual strategy Norilsk Nickel, the world's largest producer of nickel and palladium, presented to the investment community a corporate strategy aimed at increasing the company's shares and strengthening its leadership in the industry. The main directions of the strategic initiatives will be the modernization... 19.05.2015  11:28

• Steel price fell to 12-year low in China Chinese prices for steel products, used primarily for home and building construction, fell to a 12-year low as demand from the world's largest steel consumer is peaking in the construction season. This trend will inevitably affect world steel prices. The average rebar price fell to 2,458 yuan ($... 19.05.2015  09:16

• Military scrap metal in the USA All nuclear powered ships in the US Navy sooner or later go to the Puget Sound Naval Dockyard in Bremerton, Washington, where they reach the end of their lives. Since the early 1990s, the shipyard has developed a reprocessing plan and has independently disposed of old submarines and cruisers that... 18.05.2015  12:22

• Kobe Steel plans to start merger of construction equipment companies Kobe Steel Ltd, the 5th largest steel producer in Japan and 15th in the world, announces the reorganization of its subsidiaries. Kobelco Construction Machinery Co., Ltd. and Kobelco Cranes, Ltd. agreed to begin consideration of a business combination with the aim of integrating the two companies... 18.05.2015  11:23

• EVRAZ dismisses 50 employees at Regina steel plant and continues expansion The layoffs were announced at the Evraz steel plant in Regina. The company says it will lay off 40 to 50 employees in its steel operations starting May 17. In a statement, the company said the layoffs are necessary "to align the level of personnel with operations, which are currently lower due to... 18.05.2015  09:53

• Environmental activists oppose Shell oil drilling in the Arctic Ocean In Northern California, activists protested Shell's plans to explore for fossil fuels in the Arctic Ocean. In opposition to a rig in Seattle, several dozen activists boarded and kayak and rowed towards the middle of Elliott Bay, deploying a banner. Seattle's water protests came after... 17.05.2015  12:53

• China's steel output fell 0.8 percent in April China's crude steel production totaled 68.91 million tonnes in April 2015, down 0.8 percent from the previous month and 0.1 percent year on year. Pig iron production in April this year was 59.49 million tons, down 1.3 percent on a monthly basis and 3.3 percent on an annualized... 17.05.2015  12:21

• Gold demand reveals important changes in the global economy Global gold demand in the first quarter of 2015 fell 1 percent to 1,079 tons, compared to the first quarter of 2014, when total demand was at 1,089 tons. However, the World Gold Council (WGC) still sees some improvement in the gold market despite an overall decline in demand in the first three... 17.05.2015  12:13

• Chinese metallurgists may avoid South Korean duties on I-beams Seven Chinese metallurgists will be able to avoid anti-dumping duties from South Korea after the official Seoul accepted their proposal to increase the price of I-beams shipped to that country. Similar actions in Asia and Europe are intended to curb the rise in exports of cheaper steel products... 16.05.2015  10:03