Metallurgy news

• Global DRI production continued to rise in July The latest statistics released by the World Steel Association show a further increase in direct reduced iron (DRI) production from major global steel producers during July 2015. Global DRI production during July this year was 5.233 million tonnes, up 2.33 percent from 5.114 million tonnes achieved... 25.08.2015  19:02

• Kazakhstan is conquering its markets Kazakhstan's decision to let the tenge float freely, which caused a 22 percent devaluation against the dollar, was greeted by local producers who had lost their market share against Russian competitors. The country has seen an increase in grain and coal imports recently, and car supplies from... 25.08.2015  13:28

• Chinese Defeat Spreads New Areas Copper, aluminum, nickel and other commodities tumbled to new lows amid fears that China's faltering economy will cause the market to drown in metal. Copper and aluminum fell to six-year lows. Nickel fell 10 percent. Zinc and lead have slipped to five-year lows, while gold, which tends to be a... 25.08.2015  12:21

• The global nickel market is in short supply in the first half of the year Global demand for nickel exceeded production in the first six months of this year. The global nickel market noted a deficit of 28,000 tons in January-June 2015, with an obvious outweighing of demand over production. According to the latest figures released by the World Bureau of Metals Statistics... 24.08.2015  14:45

• Stainless Steel Flat Products Exports From China Decline In July China's export shipments of flat stainless steel products were down 28.2 percent year on year during July 2015. Chinese customs data showed that China exported 216,786 tonnes of stainless steel flat products in July, up from 301,969 tonnes in the same period last year. In addition, the July exports... 24.08.2015  13:10

• Cherepovets Metallurgical Plant - 60 years August 24, 1955 is considered to be the birthday of the Cherepovets Metallurgical Plant (CherMK), which is part of PJSC Severstal. 60 years ago, on this day, the first pig iron was produced at CherMK. Over the past 60 years, the Cherepovets Metallurgical Plant has produced over 356 million tons... 24.08.2015  12:06

• There is a deficit in the primary aluminum market The latest report published by the World Bureau of Metals Statistics (WBMS) shows that the global primary aluminum market was in short supply during the first six months of this year. According to the report, the market recorded a deficit of 380,000 tons. Whereas during the whole 2014 the deficit... 23.08.2015  14:39

• Chinese joint venture with GM to capture 10% of Indonesia's auto market Construction began on SGMW Motor Indonesia's $ 700 million plant at Bekasi, on the eastern edge of Jakarta. Production is slated to begin in July 2017 with an annual production of 150,000 units under the minivan brand. The process is managed by a joint venture between the Indonesian joint... 23.08.2015  14:06

• The global copper market recorded a surplus in the first half of 2015 The global copper market is at a surplus of 151,000 tonnes at the end of the period from January to June this year, according to the latest report on metal residues published by the World Bureau of Metals Statistics (WBMS). It should be noted that the global copper market reported a surplus of... 22.08.2015  13:49

• Russian domestic prices for rebar fell Due to the fact that demand in the Russian market remains weak, domestic prices for 12 mm A500C rebar fell to $ 367-382 per tonne, which is less than $ 382-383 per tonne in the previous week. It is reported that the consumption of rebar in Russia in the first half of 2015 decreased by 15 percent... 22.08.2015  13:10