Metallurgy news

• China's new tax on coal imports will be a disaster for Australian miners China's decision to impose a duty on coal imports could be a watershed moment for Australian miners who are already struggling to stay afloat. The move by the economic giant involves a new tax of 3 to 6 percent, which shocked and angered Aussie producers, which account for a quarter of China's coal... 13.10.2014  11:30

• Taiwanese Feng Xin cuts prices for rebar and long products Taiwanese long steel maker Feng Xin Co, a steel company, has decided to cut rebar prices by $ 200 per tonne for the period starting October 13. Long products prices will be reduced by $ 300 per ton during the week. At the same time, purchase prices for scrap metal will remain unchanged this... 13.10.2014  11:03

• Iron ore imports rise substantially in Turkey According to the latest data released by the Turkish Statistical Institute (TUIK), imports of iron ore in the country during the month of August 2014 rose sharply compared to the previous month. In addition, imports were up 52 percent over the previous year. In August 2014, the import of iron... 13.10.2014  10:38

• US scrap exports rose 26 percent in August At the same time, US scrap exports declined slightly at an annualized rate during August 2014, according to the latest trade data released by the US International Trade Commission. According to these data, the export of scrap in the country during the month amounted to 1.57 million tons. Exports... 13.10.2014  09:12

• Donetsk Metallurgical Plant restarts steel production Blast furnace N1 of the Donetsk Metallurgical Plant was re-launched due to the resumption of raw materials supplies. This allowed the Donetskstal group to resume the production process at the plant, which had been idle for about two months. According to a message spread by the press service of the... 12.10.2014  14:50

• Top ten gold producing countries in the 1st half of 2014 Analysts at the London-based precious metals group Metal Focus have released a research report that outlines key aspects of global gold production during the first half of 2014. Gold mining and processing is one of the most profitable ideas for business . The report says that global gold... 11.10.2014  10:34

• Vallourec begins supplying pipes for the Aegina oil project Vallourec, a world leader in premium tubular products, has begun deliveries for the construction of a pipeline in the offshore Aegina region operated by Nigeria's Total Upstream. The Aegina field is located 130 kilometers off the coast of Nigeria at a depth of 1,750 meters. The field is under... 10.10.2014  10:37

• Alchevsk Iron and Steel Works will not be able to resume operations in October Ukrainian steelmaker Alchevsk Iron and Steel Works (city of Alchevsk), a subsidiary of Ukrainian steelmaker Industrial Union of Donbass, says it has no plans to resume operations in October. The company is experiencing difficulties in the supply of raw materials and electricity. The situation in... 10.10.2014  09:59

• Brazilian ferroalloy exports fell 26 percent in September According to the latest trade statistics released by Brazil's Ministry of Foreign Trade (MDic), the country's ferroalloy exports declined sharply during September 2014. Exports from that country fell 25.9 percent to 26,109 tons, compared with 35,238 tons in September last year. However,... 10.10.2014  09:51

• China's zinc exports hit 6-year high China's zinc exports reached a six-year high in August, with most of the exports going through warehouses listed on the London Metal Exchange (LME), according to a Shanghai Metals Market observer. China exported 21,200 tons of refined zinc in August, a 28-fold increase from a year ago, according... 10.10.2014  09:29