Metallurgy news

• Alcoa receives financial support to expand aluminum sheet production The US Department of Energy (DOE) will issue a loan to Alcoa to support its expansion in Tennessee. The commitment is seen as the first step towards a $ 259 million loan, and the final approval of the loan requires the completion of certain steps outlined in the contract. These funds will cover... 27.03.2015  14:32

• MMK becomes a supplier of rolled metal products for Ford in Russia OJSC Magnitogorsk Metallurgical Plant announced that it is named as a supplier of rolled metal for Ford vehicles produced in Russia. MMK is successfully completing the process of accepting sheet steel from Ford Sollers Holding. The Russian automaker Ford expects to increase the supply of auto... 27.03.2015  13:57

• List of the world's best steel producers in February 2015 According to the latest statistics published by the World Association of Steel Producers, the steel output of 65 countries of the world, which reported the data to the Association, amounted to 127.626 million tons in February this year. These 65 countries accounted for approximately 98 percent of... 27.03.2015  13:19

• EU levies AD duties on cold rolled stainless steel imports from China and Taiwan The European Commission imposed temporary anti-dumping duties of up to 25.2 percent on imports of cold-rolled stainless steel from China and up to 12.0 percent on imports from Taiwan, following a complaint filed by EUROFER in May 2014. A Commission investigation confirmed that imports of cold... 26.03.2015  12:16

• Norilsk Nickel received a permit for the development of the Maslovskoye deposit The Russian government issued a decree granting the MMC Norilsk Nickel a license for exploration and production of platinum, copper and nickel at the Maslovskoye deposit located in the north of the Krasnoyarsk Territory c. The corresponding document was published on the website of the Government of... 26.03.2015  11:13

• Morgan Stanley Copper Price Prediction The price of copper has recovered from its sharp drop earlier in the year, climbing more than 6 percent in the past month. However, Morgan Stanley cut its 2015 metal price forecast by about 16 percent to $ 5,945 a tonne amid weak demand from China. Morgan Stanley experts remain convinced that... 26.03.2015  10:16

• US steel imports fell 18 percent in February The American Iron and Steel Institute (AISI) reported that the United States imported a total of 3.584 million tonnes of steel in February 2015, including 2.832 million tonnes of finished steel, showing a drop in volumes of 18.4 percent and 20.7 percent. percent, respectively, in relation to the... 25.03.2015  13:57

• TATA Steel Selected as Supplier for Crossrail Rail Project TATA Steel has announced the signing of a prestigious contract for the supply of highly wear-resistant rails for the Crossrail project in the heart of London. The Crossrail route will serve 40 stations and will run more than 100 kilometers from Heathrow in the west, through a new 21 kilometer... 25.03.2015  13:17

• Steel production decreased in Europe Steel production across the EU-28 fell 1.8 percent during February 2015 compared to February last year, according to the latest data released by the World Steel Association. A fairly high yield in February was achieved at the expense of Germany. German steel production was 3.512 million tonnes... 25.03.2015  09:38

• Volkswagen will cut production and jobs at the Russian plant in Kaluga Volkswagen said it would allow the layoff of at least 150 workers at a Russian car plant in Kaluga. VW said the plant will operate four days a week from April to July 2015, while the number of shifts will be reduced to two from three in May. The company also said production will be suspended for... 24.03.2015  11:03