Metallurgy news

• Latin American imports of finished steel from China increased by 78 percent The latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel products from China increased significantly during the month of April this year. Imports between January and April have jumped significantly this year over the previous... 12.06.2014  10:38

• Japan's imports of stainless CRC rose 33 percent in April According to the latest statistics released by the Japanese Ministry of Finance (MoF), imports of stainless cold rolled coils (CRC) of the country increased significantly in April 2014 compared to the previous year. Japan imported 10,214 tons of CRC stainless in April this year. Compared to the... 11.06.2014  12:04

• Aggressive Chinese steel prices set the tone for the world China's lazy domestic steel market and the push for production by Chinese enterprises, which totaled 68 million tonnes in May, are setting the stage for increased exports. In January-April 2014, export shipments were already up 29 percent yoy to 25.87 million tons, according to the National... 11.06.2014  11:41

• Russian pig iron exports have grown despite a decrease in supplies to the United States in April According to government statistics, the export of pig iron from Russia increased significantly in April 2014. Despite the fact that exports to the United States fell within a month. The export of Russian pig iron ingots amounted to 140 thousand tons in April this year. This is 31.8 percent... 11.06.2014  10:52

• TMK to Build Coated Pipe Manufacturing Center in Kentucky TMK IPSCO, the American subsidiary of Russian TMK and one of the leading steel pipe producers, has announced that it will build a plant in northern Kentucky. The new plant will primarily serve the country's oil and natural gas distribution sector. The company reportedly plans to invest about $... 10.06.2014  13:16

• Exports of Russian steel scrap jumped 18 percent The latest Russian trade statistics show that scrap exports in the country increased sharply over the month of April this year. According to these data, in April Russia exported 434 thousand tons of scrap. Moreover, exports during the month were 20.3 percent higher compared to the previous month.... 10.06.2014  12:40

• UAE Emirates Steel secured $ 1.3 billion loan Abu Dhabi Emirates Steel announced that it secured $ 1.3 billion in new lines of credit from nineteen local and international banks without government guarantees. The funds will be used to refinance existing debt and invest in the creation of new steel assets. Hussein Al Novays, chairman of... 10.06.2014  12:22

• Chinese steelmakers ask government to stop illegal deals Local steelworkers from China are seeking help from the government to impose strict regulations on illegal steel trading practices in the country. Some steelmakers illegally exploit the loopholes in the Chinese tax structure. They took advantage of an export discount of 9-13 percent by declaring... 10.06.2014  11:58

• NSSC Raises Prices for Stainless CRCs for June Delivery Japan's largest stainless steel maker Nippon Steel & Sumikin (NSSC) has announced an increase in its domestic prices for cold rolled coils and austenitic-grade slabs at JPY 15,000 per tonne under June contracts, according to industry sources. (1 US dollar = 102.480016 JPY) The NSSC indicated... 09.06.2014  13:29

• Ukraine at the request of the IMF is going to sell coal mines and reduce subsidies The Cabinet of Ministers of Ukraine ordered the State Property Fund to prepare documents for 38 state coal mines, which will be sold at an auction. The move is one of the austerity measures put forward by the International Monetary Fund in exchange for loans. Most mines have received support in the... 09.06.2014  12:52