Metallurgy news

• Iron ore could drop to $ 70 a tonne - Morningstar Analysts at Research House Morningstar have significantly lowered their forecasts for the price of iron ore, predicting even greater problems for miners. While the previous long-term forecast was $ 90 per tonne of iron ore, Morningstar now envisions a decline to $ 75 per tonne. The firm's... 01.11.2014  12:06

• Dubai pays its citizens in gold for weight loss 7,350 Dubai residents who participated in the Municipal Weight Loss Program will be rewarded with gold coins. According to media reports, Dubai municipal authorities are giving away nearly 40 kilograms of gold this week, worth more than $ 1.5 million, to citizens who have lost at least two... 31.10.2014  12:05

• ArcelorMittal opposes Chinese imports of steel products South Africa's largest steelmaker, ArcelorMittal South Africa, said the government should impose tariffs on cheap steel imports from China as the company seeks to achieve profit margins. Paul O'Flaherty, the company's chief executive officer, said in an interview in Johannesburg that... 31.10.2014  11:29

• NLMK Group modernizes production of hot and cold rolled steel NLMK Group, a leading Russian manufacturer of rolled steel and high value-added products, has completed the modernization of its 2000 hot strip mill with a capacity of 5.7 million tonnes of rolled steel per year. The project involved the modernization of the take-off roller table, the equipment... 31.10.2014  11:04

• Ukraine has reduced the production of iron ore The Cabinet of Ministers of Ukraine said that the production of iron ore and iron ore concentrate in the country in total decreased slightly during the period from January to September compared to production in the previous year. At the same time, production of iron ore in the country decreased... 30.10.2014  15:35

• The world gold market did not ignore the increase in gold reserves of Russia Gold bullion prices in the London wholesale market fell to 3-week lows as global stock markets and commodities rallied ahead of the Fed's decision. With an increase in interest rates in 2015, gold will win, and vice versa, says Swiss financial group MKS. although gold is expected to strengthen... 30.10.2014  11:07

• The largest copper producer in the world reduced production in September Copper production in the country fell 5 percent on an annualized basis, according to data released by Chile's National Institute of Statistics (INE). Chile's copper production during September this year was 464,572 tons, down from 489,170 tons in the same month last year. The drop in output from... 30.10.2014  09:47

• Aluminum extrusion manufacturers are shifting from building profiles to industrial and decorative The most famous extruded aluminum manufacturers in China are concentrated in the Nanhai area and have switched to decorative and industrial aluminum profiles as the demand for these products is constantly growing. Nanhai contributes to the production of 70 percent of the country's total aluminum... 29.10.2014  16:02

• USA will start importing rebar from Poland after a long hiatus Import licenses promulgated by the US Department of Commerce (DOC) indicate that the country will be able to import rebar from Poland after an eight-year hiatus. For the first time since 2006, the country has received licenses to import steel reinforcing bars from Poland. According to the... 29.10.2014  13:36

• Metals of Africa Finds High Zinc and Lead Content at Mine in Kroussou Metals of Africa, an Australian exploration company, has explored the Kroussou project in Gabon and has confirmed the presence of high quality non-ferrous metals with outcropping at the surface. Examination of rock samples confirmed a high grade zinc mineralization of 35 percent and 23 percent... 28.10.2014  12:31