Metallurgy news

• Electricity shortage in Ukraine disrupts production at Ferrexpo The iron ore group Ferrexpo, headquartered in Switzerland, controlled by Konstantin Zhevago, owns assets in Ukraine. Moreover, the main asset of this Group is the Poltava Mining and Processing Plant, which specializes in the production of iron ore pellets, supplying its products mainly to... 24.12.2014  11:21

• Russia files a complaint with the WTO about the violation of the US 15-year trade agreement Russia has filed a complaint with the World Trade Organization against the United States government, which is trying to abandon a 15-year agreement between the two countries, which creates special conditions for Russian producers of flat steel products with a high import quota, and the decision... 24.12.2014  10:10

• Copper demand is driven by Chinese energy Refined copper consumption in China at the end of 2014 was more order-driven in the energy sector than it was at the beginning of the year, when tight bank lending conditions led to abandonment of small end users. In past years, more than half of the demand for copper products in China came from... 23.12.2014  15:32

• World steel prices drop to 5-year low in December - MEPS Manufacturers remain motivated to boost sales, and their proposals to increase prices have so far been unsuccessful as customers see raw material prices falling. Consumption outlook remains healthy for now, but service centers are experiencing a seasonal decline in sales activity. There is more... 23.12.2014  12:21

• Brazil levies duties on boron-doped steel sheet from China and Ukraine Brazil plans to impose anti-dumping sanctions on imports of boron-doped steel sheets from China and Ukraine. Brazil's Foreign Trade Bureau SecEx has decided to add painted heavy slabs to the products subject to such a fine. The size of the punishment for the Chinese plate is $ 211.56 per ton and... 23.12.2014  11:38

• South Korea urges WTO to oppose US tariffs on steel pipe imports The South Korean government announces an appeal to the WTO against the US anti-dumping duties on imports of steel pipes from the country. South Korea's Commerce Department says high US tariffs on Korean steel pipes of more than $ 100 million a year put their products at a disadvantage compared... 22.12.2014  11:43

• Global steel production remains unchanged throughout November 2014 According to the latest statistics released by the World Steel Association, steel production from 65 countries was 130.525 million tonnes in November 2014, unchanged from production in the same month last year. The total steel production of the EU-28 countries in November 2014 was 14.256 million... 22.12.2014  10:56

• Lead production in China's Henan province to decline in 2015 The main lead processing plants, centered in central China in Henan province, are planning to cut production by 15 to 30 percent in 2015 due to falling global lead prices, according to a report from the Non-Ferrous Metals Industry. Domestic lead futures have dropped below smelter costs in recent... 22.12.2014  10:13

• In Turkey, the price of imports of scrap metal rises The decrease in the supply of ferrous scrap in the market has led to an increase in prices for these materials imported to Turkey. Scrap prices are expected to continue to rise further in anticipation of tougher weather conditions in Europe, the US and the Baltic region, which will not cause... 21.12.2014  17:02

• Hindalco plans to record aluminum exports Aluminum company Hindalco Industries, owned by Indian billionaire Kumar Sangalam Birla, intends to increase its exports to a record $ 1 million by the end of March. At the same time, the calculation is made mainly for an increase in demand for aluminum in the United States and Europe. Export... 20.12.2014  11:50