Metallurgy news

• Indian government eases export taxes for KIOCL The Kudremukh Iron Ore Company Ltd has been granted special permits by the government to export iron ore pellets directly. The permits apply both to the company itself and to any organizations authorized by it for this purpose, which will allow direct export of iron ore pellets and should revive... 29.09.2014  11:27

• CIS steel production fell sharply in August 2014 According to the latest data released by the World Steel Association, steel production in the Commonwealth of Independent States (CIS) decreased by 6.5 percent during the month of August compared to last year, due to a decrease in output in Ukraine. Total crude steel production in Belarus rose... 29.09.2014  10:28

• Vale Expands Production in China Hope The unsurpassed leader among buyers of iron ore - China will be able to purchase all the surplus of this raw material that has formed on the sales market. Despite a significant slowdown in economic growth, the demand for ferrous metallurgy products in Asia has not changed. Claudio Alves, head of... 28.09.2014  16:11

• Iranian scientists get nanostructured steels Scientists from the Iranian Technological University of Isfahan have successfully completed the development of a method for the production of a nano-composite of steel with a particle size ranging from 50 to 100 nm. Intermediate results have been achieved for steels with low carbon and nitrogen... 28.09.2014  15:19

• The price levels for the supply of billets across the Black Sea began to decline After the first reports about the normalization of supplies from billet mills, the current supply levels of billets fell. Supply levels are reported to have dropped nearly $ 10 per tonne to an upbeat $ 490 per tonne. Some factories are reported to be offering lucrative discounts on October... 26.09.2014  11:55

• Falling steel consumption in China foreshadows trouble for the global steel industry Steel consumption in China fell this year for the first time since at least 2000, due to the country's slowdown in economic growth. Total crude steel consumption in China, the world's largest consumer and producer of alloys, fell 1.9 percent year on year to 61.9 million tonnes in August and 0.3... 26.09.2014  11:20

• ArcelorMittal in Galati starts production revival next year ArcelorMittal Galati, the largest steel mill in Romania and part of the ArcelorMittal group, is targeting a 15 percent increase in steel output in 2015, following a major technical redesign of its production with a major investment. For the first time in the past five years, the company raised the... 26.09.2014  10:51

• India aims to produce 300 million tonnes of steel by 2025 The official policy of the new government will be able to turn the dream of increasing annual steel production to 300 million tons by 2025 into reality. Indian Metallurgy Minister Vishnu Deo Sai said at a recent conference that the government is working hard in this direction. Although there are... 26.09.2014  10:18

• Russia increases gold reserves for 5th consecutive month - IMF In August of this year, Russia increased its gold reserves for the fifth month in a row, and Kazakhstan raised its reserves by more than half a million ounces, according to data from the International Monetary Fund. Russia, the fifth largest holder of gold bullion, added 232.510206 ounces of... 25.09.2014  10:26

• China's largest producer of rare earths and non-ferrous metals receives government subsidies China's Rising Nonferrous Metals Group received 18.75 million yuan or $ 3.05 million in government subsidies. The company reported this to the Shanghai Stock Exchange. Subsidies were offered to subsidiaries of the company - Guangdong Fuyuan Rare Earth New Material Co. and Pingyuan Huaqi Rare Earth... 25.09.2014  10:00