Metallurgy news

• Turkish steel imports and exports declined during January-May 2014 The latest statistics released by the Turkish Statistical Institute point to a sharp drop in the country's imports and exports in the first five months in 2014. According to the statistical office of Turkey, imports of iron and steel in the first five months of this year in monetary terms... 03.07.2014  12:03

• Australian giant BHP ships 1 billion ton of iron ore to Japan The laden ship left the port of Hedland in Western Australia to deliver the billionth tonne of iron ore that Australia's largest mining company, BHP, sent to Japan. Most of the old mines in the Pilbara region were established in the late 1960s and 70s based on growing demand from Japan as the... 03.07.2014  12:00

• Kenya Turns to Indian SAIL to Create an Integrated Steel Company Kenya has expressed interest in building an integrated steel mill through a joint venture with the Steel Authority of India (SAIL) in East Africa. The High Commissioner of India in Kenya approached the Chairman of SAIL explaining that the Kenyan government is looking forward to working with SAIL... 03.07.2014  10:51

• In the United States published data on the allowed imports of steel in June The Department of Commerce and Data Analysis (SIMA), in conjunction with the American Iron and Steel Institute (AISI), announced that applications for steel imports in June received a permit in the amount of 3,436,000 tons. This is 14% less compared to preliminary May imports, which totaled... 03.07.2014  10:25

• 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