Metallurgy news

• Russian metallurgists showed good financial results Against the background of increased prices and weak global demand, in the second quarter, Russian metallurgists managed to gain profit. The increase in profits was facilitated by the low exchange rate of the ruble and lower prices for raw materials. According to analysts, the rather strong... 31.08.2014  11:58

• Updated TMK data for Q2 and H1 2014 Pipe Metals Group's European operations increased revenue by 7 percent in Q2 compared to the previous quarter to $ 71 million as a result of higher sales of steel billets. Gross profit increased by 11 percent compared to Q1 2014 to $ 15 million. However, in the first half of 2014, when compared... 30.08.2014  12:55

• Baosteel will supply thick plate for the Yamal project The Chinese company Baosteel has signed a contract for the supply of heavy plate with Offshore Oil Engineering Company Limited. According to the agreement, Baosteel will have to supply 120 thousand tons of heavy plate for the Yamal project, carried out by the Offshore Oil Engineering Company.... 30.08.2014  11:31

• Mechel has successfully passed the certification of rails Mechel OAO announced that independent laboratory testing of the rails produced at the Chelyabinsk Metallurgical Plant has confirmed their high quality and compliance with the strictest international standards. To confirm the certification, a batch of DT350 rails has passed laboratory tests... 30.08.2014  10:40

• South Korea's CRC imports up 11 percent in July According to the latest figures released by the Korea Iron and Steel Association (KOSA), the country's CRC cold rolled carbon steel imports increased significantly during the month of July 2014. Korea imported 55,900 tons of CRC in July, up 10 percent from imports in the same month a year earlier.... 29.08.2014  14:46

• Rusal will keep the utilization of production facilities at 80 percent One of the world's largest aluminum companies, Russia's Rusal, announced that it had no plans to increase capacity utilization during the rest of the year, despite rising aluminum prices. The company intends to cap its aggregate aluminum production to 1.8 million tonnes between July and December... 29.08.2014  14:24

• Gold bars hit lows amid rising bonds in stock markets Gold bullion prices fell to 2-month lows to $ 1,287 an ounce as global equity markets hit new all-time highs. Global stocks have seen 3.5 percent gains this month. Gold bullion denominated in euros rose 1.8 percent as the single currency fell, staying in the region of last week's highs of € 976 a... 28.08.2014  11:52

• Zinc and nickel dominate the metals market On the London Metal Exchange, nickel rose 0.7 percent to $ 18,880 a tonne, while zinc rose 15 percent to $ 2,359 a tonne. Compared to the data presented this week in London, zinc prices may in the near future rise within the range of $ 2,500 - $ 2,700 per ton. According to experts, the price of... 27.08.2014  14:04

• Iron ore price continues to drop Iron ore prices fell below $ 89.2 from $ 90 per ton. This decline is becoming very threatening, similar to the situation in September 2012. Earlier lows were very short-lived, but extending the recession by five years threatens the viability of even large-scale producers such as BHP Billton,... 27.08.2014  12:43

• South Korea opposes US tariff on its steel products The main reason for this decision is concerns about US $ 818 million worth of exports. Officials in the country say the US is accused of setting much higher market prices than any other foreign steel importer. At a meeting held in Seoul, the South Korean Minister of Commerce announced that the... 27.08.2014  12:12