Metallurgy news

• China lowers steel exports in February to lowest level in 6 months China exported 7.8 million tonnes of steel products in February 2015, according to data released by the customs administration, indicating a 24 percent decline in exports from 10.29 million tonnes in January 2015, as the tax change policies led to a slowdown in sales. The decline in steel... 09.03.2015  11:37

• POSCO introduces second nickel furnace POSCO SNNC, a leading ferronickel producer, has completed the construction of a second electric furnace that will help nearly double its annual pure nickel production capacity to 54,000 tonnes from the current 30,000 tonnes. POSCO said it has invested approximately KRW 480.6 billion ($ 437.1... 08.03.2015  12:32

• Taiwan increased exports and reduced imports of wire rod According to the latest statistics, Taiwan's wire rod exports increased significantly during January 2015. Total wire rod exports stood at 18,777 tonnes for the month, up 16.3 percent from the previous month. Wire rod exports from the country during December 2014 totaled 16,145 tons. Export prices... 08.03.2015  11:08

• Europe plans to significantly reduce the number of blast furnaces The World Steel Association (Worldsteel) has warned that many factories in Europe are likely to shut down blast furnaces over the next twenty years to manage excess capacity in the region. According to the chairman of Worldsteel Wolfgang Eder, 6 to 8 facilities, which provide almost two-thirds of... 06.03.2015  11:20

• Steel production in Ukraine fell by 29 percent since early 2015 Steel production in Ukraine, hit by the military conflict in the east of the country, fell 29 percent to 3.46 million tonnes in the first two months of 2015 compared to the same period last year, according to the Metallurgprom steelmaking association. The merger does not substantiate the fall in... 06.03.2015  10:33

• Russia has increased the export of ferrosilicon According to the latest statistics, Russian exports of ferrosilicon increased significantly in 2014. Exports totaled 426,162 tons, up 7.2 percent from 397,738 tons the year before. Export volumes during December last year were slightly higher than in the previous month. Ferrosilicon exports in... 05.03.2015  12:09

• At MMK, Mill 2000 set a new record for hot rolled steel production OJSC Magnitogorsk Iron and Steel Works produced over 526,000 tonnes of metal at its 2,000 hot-rolled mill in January 2015, a new record in terms of production since the mill was opened in 1994. The previous monthly record was 520,000 tons and was set in October 2014. Hot Rolling Mill 2000 at MMK... 05.03.2015  11:30

• China plans to increase the use of clean energy China is going to accelerate policies to promote clean and renewable energy sources and strengthen the fight against overproduction in polluting industrial sectors. Overcapacity remains a problem in a number of sectors, including metallurgy, so additional measures will be taken to encourage mergers... 05.03.2015  10:21

• It's a fantastic time for the Russian steel industry The depreciation of the ruble, which led to a deterioration in the economic situation for many Russian enterprises, but not for all. The country's steel mills suddenly found themselves in the most favorable conditions among other world producers. Steel producers, including OJSC Novolipetsk... 04.03.2015  12:32

• UK Reports Potential Problems When Welding Chinese Structural Steel The UK Steel Industry Association has issued a safety warning regarding the use of imported Chinese steel products. According to the notice, imported steel plates and sections from Chinese manufacturers do not fully meet the specified standards. It should be noted that the association issued a... 04.03.2015  11:33