Metallurgy news

• India became the world's largest gold consumer in 2014 India edged out China as the second largest consumer of gold in the world during the year. GFMS analysts said in a report that global gold demand fell sharply last year, and it is predicted that world gold prices are unlikely to rise in 2015, after two consecutive years of declines. Meanwhile,... 01.02.2015  12:17

• World steel prices show negative dynamics The fall in production costs is forcing metallurgists to make a slight decrease in prices on the world market. Distributors buy very cautiously as they want to unload excess stock first. In Poland, steel prices declined in euros. Manufacturers say the low numbers are in effect until the end of... 31.01.2015  20:28

• EVRAZ supplied 100 meter rails for the metro EVRAZ dispatched the first batch of 100 meter R65 head hardened rails for the Moscow metro railroad. The rails produced by EVRAZ ZSMK were recently installed on the Arbatsko-Pokrovskaya line, which connects Kievskaya and Slavyansky Boulevard stations. On this section, for the first time in history,... 30.01.2015  13:44

• POSCO's profit fell 59 percent in 2014 South Korean steel company POSCO said its 2014 net income fell 58.9 percent YoY to KWR 556.66 billion, up from KWR 1.38 trillion. the previous year due to an additional tax payment after a government investigation and losses in connection with participation in the activities of other firms. That... 30.01.2015  13:04

• NLMK predicts 2% increase in steel demand in 2015 Novolipetsk Steel, which became the largest steel producer in Russia last year, expects global metal demand to expand this year as growth slows in China. In 2014, the production of the company's rolled metal segment increased by 21.1 percent to 2.7 tons, due to an increase in the capacity... 30.01.2015  12:00

• China will continue to grow imports of copper concentrate Throughout 2014, imports of copper concentrate rose sharply in the country. According to customs data, China imported 11.87 million tonnes of copper concentrate in 2014, which represents a 17.75 percent increase in imports over 2013. Copper concentrate imports to China in December last year... 29.01.2015  12:16

• US steel imports grew 38 percent in 2014 The American Iron and Steel Institute (AISI) reported that the country's imports during 2014 grew by 38 percent in total volume and 36 percent in finished products, compared with 2013 imports. In 2014, the country's total imports amounted to 44.32 billion tons and 33.733 million tons of finished... 29.01.2015  11:14

• 15 largest global steel producers in 2014 According to the latest statistics published by the World Steel Association, the global steel industry output of the 65 countries reporting to the Association was 1.636960 billion tonnes for the full year 2014 These 65 countries account for approximately 98 percent of total global crude steel... 29.01.2015  10:41

• Steel production in the CIS in December and 2014 Steel production in the Commonwealth of Independent States (CIS) declined 6.3 percent during December 2014 and declined 2.8 percent for the full year to 105.089 million tonnes, according to the latest data released by the World Steel Association. The total volume of crude steel production in... 28.01.2015  16:36

• Brazil has restored the export of pig iron According to statistics provided by the Secretariat for Foreign Trade (SECEX), iron exports from Brazil in December 2014 recovered from the lows of the previous months. As a reminder, in November 2014, exports fell to six monthly lows. In December 2014, Brazil's pig iron exports amounted to 371... 28.01.2015  09:41