Metallurgy news

• Latin American imports of finished steel from China hit record high - ALACERO The latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel from China rose substantially during the month of May 2014. Imports between January and May this year jumped significantly higher than the previous year. Imports of finished... 09.07.2014  14:19

• Indonesia and Freeport Sign Copper Export Memorandum of Understanding Negotiations on the settlement of tax disputes on copper exports between Indonesia and the US miner Freeport-McMoRan Copper & Gold ended with the conclusion of mutually beneficial agreements. After the agreement was signed, the company's share price increased to a new 52-week high. Freeport... 09.07.2014  13:49

• Brazilian Iron Ore Exports In June Increase 13.2 Percent On Year According to the latest data released by the Brazilian Ministry of Development, Industry and Foreign Trade, the country's iron ore exports in June 2014 increased significantly year on year. The country exported 29.55 million tons of iron ore during the month. However, this is 3.7 percent lower... 08.07.2014  12:16

• China's Transport Sector Demand To Reduce Aluminum Oversupply The expected surplus of aluminum in China in 2014 will decline, in accordance with the latest analysis of the situation. Strong demand from the transport sector and the completion of infrastructure facilities here will require the use of special equipment for the transportation of oversized and... 08.07.2014  11:25

• Weekly U.S. Steel Production Down 0.5 Percent On Week: AISI According to statistics released by the American Institute of Iron and Steel (AISI), crude steel production in the country fell 0.5 percent over the week. The capacity utilization rate of American steel producers in July is 77.0 percent. The total production of crude steel for the past period in... 08.07.2014  11:01

• Japan's steel production is projected to rise between July and September 2014 Japan's Ministry of Economy, Trade and Industry (METI) predicts a surge in crude steel production in the second quarter of the current fiscal year, according to research by the Japanese Ministry of Economy, Trade and Industry. Steel output in July-September 2014 is projected to increase by... 08.07.2014  10:33

• Indonesia's steel imports fell nearly 13 percent in May The latest data released by the Indonesian Central Bureau of Statistics (BTS) reports a significant decline in the country's steel imports during the month of May this year. A similar drop in imports was observed in monetary terms generated by imports of iron and steel. Indonesia's steel imports... 07.07.2014  12:38

• ISSDA Demands Increased Import Duty On Stainless Steel From China China currently accounts for nearly 50% of the world's total stainless steel production. Chinese stainless steel products have reached about 30% of the Indian market, so the stainless steel association ISSDA has demanded a double import duty in order to protect the interests of the domestic... 07.07.2014  12:03

• Production of crude steel by ArcelorMittal Kryvyi Rih in the 1st half of the year decreased by 2.7 percent In the first half of this year, crude steel production at ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the world famous giant ArcelorMittal, amounted to 3,037,000 tons, down 2.7 percent year-on-year. In addition, in the first half of 2014, ArcelorMittal Kryvyi Rih recorded a 6.6 percent... 06.07.2014  13:23

• Evraz is considering the sale of shares in the North American division Evraz, Russia's largest steelmaker, which bought Highveld Steel & Vanadium from Anglo American 7 years ago, is considering selling part of its North American block as it seeks to reduce debt. The steelmaker has yet to decide whether to proceed with the offer at all. An improvement in the condition... 06.07.2014  12:56