Metallurgy news

• China gradually cuts growth in steel production - Baosteel The period of rapid growth in the steel industry in China has come to an end, according to a statement from Baosteel Corp, the country's largest steelmaker. The country is likely to have negative growth in steel production in the coming years. At the same time, the steel company estimates the... 05.08.2014  11:54

• Tata Steel starts producing the highest quality automotive steels Tata ensures that its new product has superior strength and unique physical properties when compared to automotive steels from other manufacturers. Tata's new product, the DP1000HY-GI, will help automakers produce components without significant changes to their manufacturing processes. The firm... 05.08.2014  11:24

• Plate imports from China hurt South Korean industry - KOSA The rapid rise in imports of heavy plate from China is hurting already suffering domestic steelmakers in the country, according to the South Korean Iron and Steel Association (KOSA). Imports from China account for over 60 percent of Korea's total imports. According to KOSA statistics, imports of... 04.08.2014  17:13

• Omar Aluminum Develops Expansion Plan Omar Aluminum Processing Industries (OAPIL), an aluminum processing company, announces that it is revising its plans to increase its existing production capacity. The company is a joint venture between Oman Cables and the investment company Takamul. The company has already announced that it... 04.08.2014  16:16

• Zinc prices will be at $ 2,500 per tonne within 12 months - Goldman Sachs Zinc prices will average around $ 2,500 per tonne over the next 12 months, according to the latest analytical data released by investment banking expert Goldman Sachs (GS). However, in the immediate short term, prices are likely to remain under pressure. While generally positive, metal prices are... 04.08.2014  12:44

• Nippon Steel Japan expands its operations to all parts of the world Amid weak demand for metal in Japan's domestic market, the world's second largest steel producer, Nippon Steel & Sumitomo Metal, is looking for new markets for its growing production outside of Japan, gradually adding assets in foreign markets. The company recently acquired a US steel mill from... 04.08.2014  11:58

• Metalloinvest announces 2Q 2014 production results In Q2 2014, the company increased its iron ore production by 2.6 percent QoQ to 9.8 million tonnes. Pellet production amounted to 5.7 million tonnes in Q2 2014, down 0.4 percent from the previous quarter. In Q2 2014, HBI production (DRI) was 1.4 million tonnes, a decline of 2.0 percent... 03.08.2014  14:19

• Revised Indonesian Tin Export Regulations To Go Into November 2014 The Indonesian government's revised tin export regulations will take effect in November this year, the country's Ministry of Commerce announced. The adopted rules are intended to introduce strict control over the sale of products without processing prior to the formation of ingots. The new rules... 03.08.2014  13:54

• Metinvest refuses new contracts amid hostilities Metinvest, the largest steelmaker in Ukraine, announced that it will no longer accept new orders from buyers due to the months-long crisis in eastern Ukraine, which is contributing to a decline in steel production in the region. As recently as last year, Ukraine was the fifth largest steel... 03.08.2014  12:49

• ICVL acquires Rio Tinto coal mine in Mozambique for $ 50 million The international coal company Ventures LTD (ICVL) has agreed to buy the Benga mine in Mozambique, owned by Rio Tinto. Upon completion of the transaction, the Group will produce up to 13 million tonnes of coking coal per year. Australia's Rio Tinto has agreed to sell its Benga mine and other... 02.08.2014  14:34