Metallurgy news

• Steel production in Russia increased in January-February 2015 According to data released by the Federal State Statistics Service, crude steel production in Russia in the first two months of 2015 amounted to 11.7 million tonnes, an increase of 5.5 percent over the same period last year. During this period, production of rolled steel in the country amounted... 20.03.2015  10:50

• Chinese metallurgists announced price cuts for HRC and CRC Chinese steelmakers, including Hebei and Shougang, announced price reductions for hot and cold rolled products in April this year. According to the price list published by Hebei Steel, the prices for HRC and CRC in the domestic market will be reduced by 100 RMB per tonne. In addition, there will... 19.03.2015  12:48

• China will dominate global gold pricing - ANZ Australia and New Zealand Banking Group (Australian bank) in an analytical report said that the country is likely to "dominate" in determining the global price of gold, based on the fact that China's financial exchanges continue to grow and expand at a very fast pace. “In addition to our role as ... 19.03.2015  12:10

• USA decided to impose import duties on Turkish welded pipes The US Department of Commerce (DOC) has tentatively decided to impose import duties on welded line pipes from Turkey. The decision was based on the fact that these products are manufactured using unfair government subsidies. Cheap imports of these products are holding back the growth of domestic... 19.03.2015  11:28

• Australia cuts forecast for iron ore price to $ 60 per ton The Australian government announced a further reduction of its official iron ore price forecast by another 5 percent in 2015. The target price is now $ 60 per tonne, which is mainly due to weakening demand from China amid increased production. Three months earlier, the Australian Department of... 18.03.2015  10:53

• Pakistan to impose import duty on HR products Pakistan is likely to impose a 15% regulatory duty on imported hot rolled products (HR) and pipes, according to reports. This proposal came from the country's Ministry of Industry and Manufacturing and is currently approved by the Federal Board of Revenue (FBR). In addition, a flat tax of 5,600 PKR... 18.03.2015  10:12

• Global zinc market in small surplus in early 2015 Statistics published by the International Lead and Zinc Research Group show that the global zinc market has a slight surplus in the first months of the year. The January surplus was 1,900 tons, slightly higher than the global 1,800 tons surplus recorded in December 2014. However, the group... 18.03.2015  09:47

• In the UAE, prices for steel and building materials fell due to cheap oil Suppliers of steel and building materials in the UAE are reporting plummeting prices due to low oil prices. Local Groups state that they have a large stock of steel products and building materials in warehouses that were purchased at a higher price even before oil prices fell. Abdullah Al Gurg,... 17.03.2015  11:44

• Metinvest restores power supply to Avdiivka Coke Plant Employees of the Metinvest Group of Avdeevka Coke Plant assisted employees of the DTEK energy holding in reconnecting the plant to the high-voltage bushings of Makeevka-Avdeevka Coke Plant 1 and Makeevka-Avdeevka Coke Plant 2. Avdiivka Coke Plant lost the ability to supply electricity back on... 17.03.2015  11:11

• MMK announced successful last year OJSC Magnitogorsk Iron and Steel Works believes that all production facilities and installations operating in 2014 have demonstrated their best results in recent years. In 2004, MMK expanded its coated steel production following the commissioning of a plant designed by Voest Alpine. The... 17.03.2015  10:21