Metallurgy news

• Indonesia's Largest Miner Suspends Tin Export Due to Low Prices PT Timah, Indonesia's largest tin miner, has halted exports for up to two weeks amid declining global metal prices, the company's chief executive said. CEO Timah Sukrisno said he listened to the marketing arm and decided not to sell tin for one or two weeks. He added that tin prices need to... 02.07.2014  15:45

• Metinvest plans to sell $ 200 million worth of steel products in Romania Ukrainian mining and metals company Metinvest recently opened a sales office in Romania, Metinvest Carpathia, and hopes to achieve $ 200 million in sales this year. This is due to the fact that Romania is expected to increase steel consumption due to new infrastructure projects and the country's... 02.07.2014  13:33

• ArcelorMittal invests 450 thousand euros in heat exchanger technology ArcelorMittal's plant in Trevoux (Rhone-Alpes, France) is about to install innovative systems to produce heat exchangers for individual heating, ventilation and industrial air conditioning. This new activity adds to the current Welding and Machining Division at SoluStil, a leader in sheet metal... 02.07.2014  13:02

• USA sets preliminary tax rates on imports of Chinese wire The International Trade Administration (ITA), under the US Department of Commerce, has introduced provisional tax rates on imports of carbon steel wire rod entering the US market from China. The tax ranges from 10.3 percent to 81.36 percent, and came into force on July 1 of the year. According... 02.07.2014  10:48

• JSW Steel acquires WELSPUN Maxsteel JSW Steel Ltd plans to complete the purchase of its smaller competitor Welspun Maxsteel within a month. This will be a step forward in terms of increasing throughput for JSW, according to official sources for the company. JSW intends to buy WELSPUN at about Rs 110 million and will take on... 02.07.2014  10:21

• Restoring Philippines Infrastructure Will Boost Steel Growth The Philippine Minister of Metallurgy assured that it is planned to continue the growth phase this year due to domestic production and imports, thanks to the development of infrastructure, the implementation of construction industrial and residential projects. Earlier this month, the Philippines... 01.07.2014  17:30

• Exports of Seamless Steel Pipes Rise in China According to the latest data released by the Chinese customs, exports of seamless steel pipes in the country increased significantly during the month of May 2014. China's seamless steel pipe exports totaled 511,690 tonnes in May this year, up 13 percent from exports in the previous month.... 01.07.2014  16:32

• Russia is the main exporter of CRC to Turkey According to the latest data released by the Turkish Statistical Institute, imports of CRC cold rolled coils of the country fell sharply during the month of April this year, but increased over the past period of 2014. Turkey imported 57,648 tons of CRC in April, down 30.94 percent from imports a... 30.06.2014  11:01

• Scrap metal imports decreased in Italy According to updated government statistics, imports of scrap in Italy throughout 2013 decreased by 5.6 percent compared to the previous year. In addition, for the first time in three years, total imports of scrap metal across the country fell below 5 million tons per year. During the year, the... 30.06.2014  10:26

• Essar Steel prepares to increase production of heavy slabs India's leading steelmaker Essar Steel, with presences in Canada, the US, India and Indonesia, announces plans to increase heavy plate production at the country's largest flat steel mill, Hazira. The company announced that overall plate production at the plant will be raised more than 30 percent in... 30.06.2014  10:07