Metallurgy news

• Experts warn of negative consequences of higher transport tariffs for metallurgy According to Viktor Kovshevny, general director of the analytical center Rusmet, the expected increase in transport tariffs of Russian Railways will lead to bankruptcy of 40 mining, scrap procurement and coal enterprises, and 30 enterprises will be on the brink of survival, which will have a... 16.08.2014  10:41

• In 2014, the global aluminum market may go into a deficit “The global aluminum market will remain in short supply for the first time in eight years,” analysts and investment banks say. The main reason for this is the growing demand for metal from the automotive industry and a sharp decline in production capacity. According to forecasts made by Sumitomo ... 16.08.2014  10:40

• Global steel prices are under pressure In its latest quarterly review, Global Metals & Mining assesses the position of steel products in the market and draws some encouraging conclusions for consumers in terms of pricing over the next 18 months. Currently, global capacity has kept utilization below 80 percent, resulting in limited... 15.08.2014  16:18

• ThyssenKrupp Announces Quarterly Profit After Selling US Block Adjusted earnings before interest and taxes from continuing operations nearly tripled to € 398 million ($ 532 million) in the fiscal quarter ended June 30. The result exceeded the average forecasts of 363.6 million euros from German analysts. Sales were up 8.3 percent to € 10.7 billion. "The tim... 15.08.2014  15:09

• At least 21 miners were injured after a mine explosion in Donetsk region - State Service The State Service for Mining and Industrial Safety said at least 21 Ukrainian miners were injured after a methane explosion at a coal mine in Donetsk region. The government service said the explosion occurred at about 10:30 am local time at a depth of about 815 meters inside the Pokrovskaya... 15.08.2014  14:28

• Transnet will increase railway capacity to increase supply of raw materials Transnet SOC Ltd plans to nearly double the capacity of its South African railroad line for transporting iron ore, as the state-owned operator is betting on higher output amid falling prices for steelmaking ingredients, just like the rest of the major miners. As a result, it is planned to... 15.08.2014  14:10

• Middle East region will be the fastest growing in the aluminum market Investment in the Middle East aluminum industry is expected to surpass $ 55 billion by 2020, nearly double the $ 30 billion in 2011. The fact is that this region is not only a leading producer of metal, but one of the best consumers of this metal. The emergence of new additional smelting... 15.08.2014  11:13

• 34% EVRAZ Highveld Steel and Vanadium to be sold According to representatives of Evraz (an international metallurgical and mining company, which is one of the twenty largest steel producers in the world, whose assets are located in the United States, the Russian Federation, Ukraine, the Czech Republic, Canada, Kazakhstan, Italy, and South... 14.08.2014  09:39

• The US is running out of gold reserves The high price of gold allows US mining companies to spend more money on the precious metal. But despite their powerful implementations, the volume of fossils is not increasing, but rather decreasing. In no month of 2014, more than 18 tons of the precious metal have been mined from American... 14.08.2014  07:39

• Alisher Usmanov sells 10 percent of shares of the holding company The richest Russian, Alisher Usmanov, sold a 10 percent stake to his holding company partners, fulfilling his promise to reward management. In addition, the sale of shares will provide a new inflow of capital for use in areas that Usmanov considers more promising in the future. Usmanov will... 13.08.2014  12:51