Metallurgy news

• China to Increase Stainless Steel Exports with New Silk Road Strategy Consumption of stainless steel in China in 2014 reached 17.464 million tons with an annual increase of 11 percent, which, however, fell compared to last year. According to customs statistics, China exported 3.852 million tons of stainless steel in 2014, increasing shipments by 43.4... 04.02.2015  12:16

• Metallurgists of Japan raised their profit forecasts Japan, the second largest steelmaking country, is raising its profit forecast for fiscal 2014, which ends at the end of March. A weaker yen and stronger local demand are helping, but the slump in oil prices is expected to reduce pipe orders in 2015, which could reduce metallurgical revenues. ($ 1 =... 04.02.2015  10:53

• Malaysia recognizes as fair import of valves from China and South Korea The Malaysian authorities have ended an anti-dumping investigation against the import of rebar from China and South Korea. The preliminary investigation concluded that the rods were imported at fair prices and that these imports did not impede the domestic production of rebar in the country. The... 04.02.2015  10:08

• TATA Steel Europe launches next generation steel profiles TATA Steel has launched innovative structural steel products that can accelerate the construction of new buildings and reduce the weight of equipment or large vehicles. The new generation of steel is called Celsius® 420. This steel was developed in collaboration with customers in the construction ... 03.02.2015  11:58

• Nickel ends 2015 in short supply - Sumitomo For the first time in five years, nickel will be in short supply in 2015, as Japan's largest nickel company, Sumitomo Metal Mining Co. predicts. Metal demand will outpace production by 12,000 tonnes throughout the year. The company foresees a marked drop in shipments from China, despite the fact... 03.02.2015  11:03

• Aluminum production at Rusal dropped to record low in 2014 Aluminum production at the leading Russian producer Rusal during 2014 decreased by more than 7 percent to 3.6 million tonnes, hitting the lowest level since 2007. Nevertheless, Rusal's management declares that all production targets have been met. In 2014, the company took strict control of its... 03.02.2015  10:31

• ALBA Group sells German scrap metal center ALBA The Berlin-headquartered group specializing in technical innovation and the operation of state-of-the-art recycling plants has sold its scrap recycling facility in Aschaffenburg, Germany. The center was transferred to the metal processing group Bernhard Westarp GmbH & Co. The deal was... 02.02.2015  11:52

• BHP Billiton plans to cut jobs in Australia Global miner BHP Billiton has announced plans to cut jobs at Olympic Dam facilities in South Australia as miners are forced to cut costs to cope with falling commodity prices. Oil, iron ore and copper prices are at their lowest levels since 2009 amid oversupply in some markets and a slowdown in the... 02.02.2015  11:02

• Severstal announces 2015 capex program PAO Severstal announced the details of its 2015 investment program in support of its long-term competitiveness strategy. Severstal plans to invest about RUB 30 billion throughout the entire enterprise during 2015 to develop key areas, including increasing production of high value-added products;... 02.02.2015  10:04

• Japan's steel exports fell for the first time in three years The latest trade data released by the Japan Iron and Steel Federation (JISF) shows that Japan's steel exports declined in 2014 from the previous year. For the first time in three years, the export of steel products from the country decreased in a year. Exports of metal products decreased by 3.2... 01.02.2015  12:55