Metallurgy news

• Iron Ore and Oil Reach 2008/2009 Financial Crisis Levels Oil, iron ore and coal are now at the price level since the start of the 2008/2009 financial crisis, signaling not only an oversupply of raw materials, but also the weakness of the global economy, analysts say. Raw materials are particularly sensitive to the health of the global economy. Oil and... 15.12.2014  11:15

• Indonesian tin exports fell to multi-year lows Indonesian tin exports in November 2014 fell to their lowest level since April 2007. According to statistics released by Indonesia's Ministry of Commerce, the country's tin exports totaled only 464.98 tons, a sharp drop of 93 percent from the previous month. In October this year, the country... 15.12.2014  10:22

• Scrap metal prices fall in the US Average monthly scrap prices for domestic shipments fell $ 24.25 per tonne in November to $ 330 per tonne, a 6.8 percent drop from the previous month. The monthly average price is currently down $ 49 per tonne since September. The domestic scrap metal market in the United States has long been... 15.12.2014  09:57

• WTO Defends India Against US The World Trade Organization ruled in favor of India and against the United States on imposing high taxes on steel imports from India. The Indian government has decided to require the United States to remove about seven items from the CVD (Compensation Obligations) provisions, which are the... 14.12.2014  10:02

• Zaporizhstal presented the product QR coding system Zaporizhzhya Metallurgical Plant is one of the first Ukrainian metallurgical enterprises to implement a QR-coding system for finished products based on the SAP management system. This system allows you to work in an automatic mode, displaying the process of inventory and shipment of finished... 13.12.2014  10:26

• Primary aluminum imports are growing in the USA The increase in the price of aluminum on the London Metal Exchange spurred the aluminum market in the United States. Most of the aluminum supply comes from Canada, and in October, imports from that country increased to 268,000 tons, which is the equivalent of almost 1.9 million tons per year. This... 13.12.2014  10:18

• RUSAL to invest $ 10 million in silicon production UC RUSAL announces plans to invest over USD 10 million in modernization of silicon production in 2015. The investment program will allow RUSAL to increase its production of high-quality silicon grades up to 23,820 tons per year, which are required for the aluminum alloy production process. The... 12.12.2014  11:56

• Falling oil prices could affect copper This metal is considered vulnerable to the impact of low oil prices. Energy needs account for as much as 50 percent of the cost of producing copper, like other metals. This means that cheap oil should lead to lower production costs, which in turn should allow copper producers to have slightly... 12.12.2014  11:06

• In Turkey, the import of billets fell According to the latest statistics released by the Turkish Statistical Institute (TUIK), imports of steel billets into the country during the month of October this year fell by 35 percent compared to the previous month. However, imports have increased compared to last year. Turkish factories,... 12.12.2014  09:42

• The development of the electrical and electronic sector will significantly increase the demand for silver by 2018 Global industrial silver demand is set to rise 27 percent, adding an additional 142 million ounces to silver demand in 2018 from current levels, according to a new report released by the International Silver Institute. Most of this growth will come from the needs of the instrument making,... 11.12.2014  15:24