Metallurgy news

• Global copper market deficit widens in 2014 - ICSG Preliminary data released by the International Copper Research Group (ICSG) shows that the global refined copper market ended in deficit in 2014. In addition, the deficit has increased over the previous year. According to ICSG, the market deficit during the past year was 475,000 tons, which is... 16.04.2015  09:44

• MMK and ChTPZ are holding a meeting with the aim of further cooperation The Magnitogorsk Iron and Steel Works together with the Chelyabinsk Pipe Rolling Plant have achieved success in the implementation of a strategic cooperation program that ensures the supply of high-quality pipe products to oil and gas companies. The enterprises entered into an agreement that... 15.04.2015  12:09

• ArcelorMittal supplies steel for the construction of a shopping center in Egypt ArcelorMittal delivered steel products manufactured at the ArcelorMittal plant in Poland in Swietochlowice for the construction of a shopping center in Egypt near Cairo. In addition, a technical design team in Poland provides technical support for the client. The deliveries were made in close... 15.04.2015  10:22

• US steel production continues to fall In the United States, crude steel production fell 12 percent in the last week alone to 1,621,000 tonnes, and capacity utilization was 68.6 percent, according to the latest data released by the American Iron and Steel Institute (AISI). At the same time, a weekly drop in US steel production has been... 15.04.2015  09:31

• The rise in prices for rare earth metals has stopped The city of Baotou is the epicenter of China's rare earth metals industry, which produces about 90 percent of the world's total. China's industry consumes 70 percent of the 17 elements (REE) used in various high-tech industries, including renewable energy, medical devices and defense... 14.04.2015  12:29

• In the USA, imports and exports of rolled brass decreased The Copper and Brass Manufacturers Council reported that imports and exports of rolled brass to the United States fell sharply during the first months of the year. According to the data, imports of rolled brass to the United States in February this year amounted to 34.1 million pounds, down 11... 14.04.2015  11:30

• Serbia approves the implementation of the UAE construction project in Belgrade Serbian lawmakers, after heated discussions, gave the green light for the implementation of a riverbank development project in Belgrade, financed by an investor from Abu Dhabi. The developers hope to begin excavating the Belgrade embankment this year, transforming the gloomy desert on the eastern... 14.04.2015  09:37

• Citigroup predicts iron ore price fall below $ 40 per ton Citigroup expects iron ore prices to drop to $ 36 a tonne in the third quarter and remain below $ 40 for the rest of the year as large miners continue to increase their supply capacity and demand from China declines. Iron ore has lost 60 percent in the past 12 months, dropping below $ 50 a tonne... 13.04.2015  13:25

• Rusal and China Hongqiao consider cooperation on aluminum processing Rusal expressed its intention to cooperate with China's Hongqiao Group (Hongqiao) on the aluminum processing business during its recent visit to the company, according to the Group's website. A delegation of seven RUSAL representatives assessed the meeting as an opportunity to strengthen ties with... 13.04.2015  12:41

• Alton Steel dismisses 88 employees Alton Steel, Inc. (ASI), located in the heart of America, manufactures carbon and alloy steel products for the construction, automotive, fastener and hardware industries. Recently, however, the situation at the metallurgical plant has worsened due to the fall in prices on the world steel market, so... 12.04.2015  10:29