Metallurgy news

• ArcelorMittal sells the only asset in Russia ArcelorMittal, the world's largest steel producer, is selling its only asset in Russia, a Siberian coal company, according to documents from the Federal Antimonopoly Service (FAS). The steel giant sells Severny Kuzbass, which owns two coal mines in southwestern Siberia. Northern Kuzbass goes to... 20.01.2015  10:44

• Copper escapes losses The price of one of the most important non-precious metals at the end of 2014 fell to its lowest level since July 2009 at $ 2.50 per pound. This was reported by the supplier of electrical equipment UKRM Elcom-Energo. This metal is economically sensitive. Copper was down 14 percent late last... 20.01.2015  10:08

• German metallurgists predict slow growth in 2015 Growth in Germany's iron and steel industry will remain slow this year as China and Russia push cheap products into the European market, the head of the German Steel Federation said. German metallurgy groups such as ThyssenKrupp and Salzgitter estimate steel production in Europe's largest... 19.01.2015  12:30

• Steel exports from China fall in January due to export policy adjustments Outbound shipments of Chinese steel products are expected to fall in January 2015, as predicted by experts in the Shanghai Metals Market. Removal of export tax rebates for some boron-added steel products starting in 2015 will negatively impact... 19.01.2015  12:17

• Brazilian steel mills raise flat steel prices Brazilian steelmakers have announced increases in flat steel prices for order and delivery starting this week, local distributors said. According to the new price list, the price of hot rolled coils will rise by nearly 5 percent, cold rolled coils by about 6 percent and galvanized coils by 8... 19.01.2015  11:28

• Steel will continue to dominate the automotive industry A division of the American Iron and Steel Institute (SMDI), expresses confidence that a constant influx of new steels will be able to maintain 60 percent of steel in the materials used in the automotive industry in the future. The SMDI president predicts that steels currently being developed for... 19.01.2015  10:16

• Turkey's gold imports fell 57 percent in 2014 Turkish gold imports throughout 2014 fell sharply compared to 2013 and amounted to 130.9 tons, a decrease of 57 percent. Turkey imported 302.3 tons of gold worth about $ 16 billion in 2013. However, in November 2014, the country's gold imports reached their highest level in 18 months. Imports... 18.01.2015  12:05

• Mechel to increase supplies of coking coal to Baosteel Mechel announced the conclusion of a memorandum of understanding with the Chinese steel corporation Baosteel Resources, providing for an increase in coking coal supplies to 1.4 million tons per year. In accordance with the memorandum, the agreement will be valid from April 2015 to March 2016,... 16.01.2015  11:03

• High energy and logistics costs are holding back the growth of Mexico's metals industry The director of the Institute for Industrial and Economic Development of the country (IDIC) argues that energy and logistics costs are hampering the expansion of the metallurgical industry in Mexico. Over the past 10 years in Mexico, "the price of electricity has doubled, harming not only the steel... 16.01.2015  10:31

• In the US, imports of rolled copper increased while exports fell According to preliminary data from the Copper and Brass Manufacturers Council, imports of rolled brass to the United States during 2014 increased from the previous year, while exports declined. According to the US, imports of rolled brass during November 2014 amounted to 38.155 million pounds,... 15.01.2015  11:56