Metallurgy news

• 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

• Ukraine is pinning fewer hopes on metallurgy and coal industry The World Bank said last week that the Ukrainian government will have to postpone hopes for economic growth until 2016, as it is projected to contract 8 percent this year and 1 percent next year due to disruption to production activities in the East. Alarmed by the crisis and poisoned relations... 09.10.2014  11:05

• Decrease in imports of iron ore to China affects the entire industry Shipments of iron ore from the world's largest export terminal, Port Hedland in Australia, were significantly lower than in previous months. According to data released by the Port Authority of Hedland, shipments to China amounted to 29.8 million tons in September, while 32 million tons were... 09.10.2014  10:29

• Morgan Stanley raises aluminum price forecast for 2015 Morgan Stanley, a multinational finance corporation, raised its forecast for aluminum prices in 2015 by 8 percent and this year by 3 percent. This is due to an increase in the use of aluminum in the automotive and other industries around the world, and especially in the United States. In addition,... 09.10.2014  09:41

• Cancellation of discounts will reduce exports of steel goods from China in 2015 - CISA The Metallurgical Association of China (CISA) foresees that the country's steel production in 2015 will be maintained at the same level as in 2014, however, steel exports could be significantly reduced after the removal of export incentives such as government export tax rebates. Speaking at the... 08.10.2014  11:33

• Ironbark seeks greenland zinc mining license Ironbark Zinc said that under Greenlandic government law, a mining license requires a permit from environmental authorities and also imposes certain social obligations. Such a license is valid for a maximum of 30 years. Ironbark said later that the acquisition of the license to implement the... 08.10.2014  10:45

• South Africa plans to declare copper precious metal Andris Nel, Deputy Minister of the South African government, said during intense debate in Johannesburg that the administration intends to designate copper as a precious metal. The decision has been agreed and championed by many institutions, including the logistics giant. TRANSNET, owned by the... 08.10.2014  09:55

• CIS Plants Fight Against Falling Steel Billet Prices Over the past month, CIS enterprises have been waging a difficult struggle against weak demand and a huge amount of supplies at very cheap offers from China. It became known that Ukrainian and Russian factories are trying to keep prices for billets around $ 500 per tonne FOB, but without much... 07.10.2014  11:52

• Nucor receives approval to acquire Gallatin Steel The Federal Trade Commission (FTC) has approved the $ 770 million acquisition of Gallatin Steel in Ghent, Kentucky, based on an agreement reached between Nucor Corporation and Arcelor Mittal and Gerdau SA. The acquisition will provide a significant boost to the flat-rolled product of the... 07.10.2014  11:09

• Worldsteel downgrades steel demand forecast for 2014 and 2015 The forecast published by the World Steel Association (Worldsteel) has been revised downward in global steel demand in 2014-2015. The positive momentum in the second half of 2013 abated in 2014, and steel demand in emerging economies weakened substantially throughout the year, according to the... 07.10.2014  09:45