Metallurgy news

• Hyundai Steel and TNG sign historic agreement Hyundai Steel and TNG have signed an important agreement that includes potential investment and strategic partnerships in the production of steel products and the financing of a world-class vanadium project. Hyundai Steel, Ltd, a leading Korean manufacturer based on a global steel company and... 15.07.2014  11:23

• Brazilian Steel Pipe Imports Rise In June Compared To May Amid Annual Fall According to the latest statistics released by Brazilian customs, the country's imports of welded steel pipes fell sharply during the month of June this year, compared with imports in the same month a year earlier. However, imports were up from the previous month, the data show. According to... 15.07.2014  10:44

• Japanese factories keep stainless sheet prices at $ 3200 CFR Asian mills have cut domestic prices for austenitic stainless steels for July shipping prices. Offerings in Southeast Asia have dropped to $ 3,000 CFR or so, while Japan has kept it flat. Meanwhile, the price of nickel has come close to $ 900 per pound, so stainless steel sheets at the factories of... 14.07.2014  13:00

• Ukraine plans to increase steel production in August According to the Ukrainian Association of Steel Producers, Metallurgprom, in August 2014, steel production in Ukraine is expected to increase by 3.2 percent compared to the expected result in July. The total volume of steel production in August should be 2.6 million tons. According to... 14.07.2014  12:57

• Gold production in Russia increased by 21 percent In the first 5 months of this year, the Russian gold mining industry has significantly increased production volumes compared to last year, according to the latest data. Gold production in bullion increased by nearly 30 percent, said Sergei Kashuba, head of the Russian Union of Gold Producers. This... 14.07.2014  12:26

• Chinese metallurgists announced the revision of the price of rebar Major Chinese factories reported price changes for rebar, wire and rods. The Shagang Group said it will keep wire rod prices unchanged until mid-July. Wire rod HPB400 will remain at 3300 yuan /ton. (1 Chinese yuan = 0.161 US dollars) However, the company announced that it intends to raise rebar... 14.07.2014  11:23

• China's tin imports up 59 percent According to the latest data, China's tin imports rose sharply during the month of May this year. The country's tin import amounted to 645 thousand tons in May. Myanmar has become the main source of refined tin imports to China during the five months of this year. Refined tin imports in May this... 13.07.2014  11:46

• World thermal coal prices will remain low until 2016 Global coal prices will remain low until 2016 due to surplus that continues to haunt the market as producers increase production. Coal prices in Europe and Asia have lost more than half of their value since spring 2011. A mild winter in Europe and weak demand for coal-fired power generation in Asia... 13.07.2014  11:00

• US sets duties on oil country tubular goods from 7 countries The US government has imposed duties on steel pipe imports from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, and Vietnam. The Commerce Department said it found dumping that damaged competition in the United States. Although the investigation found that pipes from... 13.07.2014  10:57

• Rusal to build a new casting line at the Krasnoyarsk aluminum smelter RUSAL, the world's leading aluminum producer and alumina processor, has announced its intention to build a new casting line at the Krasnoyarsk Aluminum Smelter, where pre-design work has already begun. The new plant project is part of the company's policy aimed at increasing the share of alloys in... 12.07.2014  17:54