Metallurgy news

• India's largest gold refiner aims to boost production by 78 percent India's largest gold refiner MMTC-PAMP expects to see a 78 percent increase in gold refining in 2015. The company intends to increase its gold processing volume to 80 tons during the 2014-2015 financial year. The company announced an updated production volume of 45 tons of gold for... 25.08.2014  15:35

• AISI approves import duties on oil country tubular goods from nine countries The American Iron and Steel Institute (AISI) has commented on the final vote of the US International Trade Commission (ITC) on OCTG pipes imported from nine countries. “We are delighted that ITC has correctly identified the damage to US producers by imports of OCTG from India, Korea, Taiwan, T... 25.08.2014  15:13

• Chinese imports of iron ore from Australia jumped 33.5 percent in July 2014 The latest statistics released by the Chinese Customs Administration show that iron ore imports from Australia to the country increased significantly during the month of July 2014. Iron ore imports from Australia in July this year accounted for 67 percent of all Chinese imports. The increase in... 25.08.2014  14:41

• Imports of stainless steel in Turkey increased in the first half of the year According to the latest statistics released by the Turkish Statistical Institute (TUIK), the country's stainless steel imports fell sharply during June 2014, but this did not significantly affect the results of the first half of the year. Imports in June amounted to 42,453 tons against 49,554... 25.08.2014  12:05

• Updated data of the MMK Group for the metallurgical segment Total revenues for the Russian steel segment in Q2 2014 were $ 2,047 million, up 15.4 percent QoQ. This growth was due to an increase in sales volumes at OJSC MMK by 8.3 percent and by MMK-Metiz by 21.2 percent amid rising steel prices. EBITDA for Q2 2014 is $ 403 million, up 19.7 percent. The... 24.08.2014  12:45

• The global copper market begins to experience a deficit According to data released by the International Copper Research Group (ICSG), the global refined copper market is experiencing a 69,000 tonne deficit. Figures do not include adjustments to changes in China's customs stocks. The balance of refined copper, including China's customs stocks, has a... 24.08.2014  12:23

• Metalloinvest and Pittini Group signed a contract for the supply of HBI Metalloinvest, the largest mining and metallurgical holding in Russia, and the Italian steel plant Ferriere Nord SPA, part of the Pittini Group, have signed a long-term contract for the supply of hot briquetted iron (HBI). According to the agreement, the price for the products will be set in... 24.08.2014  11:04

• Stainless steel has good prospects for solar energy applications The development of renewable energy sources and energy conservation requires the use of a wide range of technologies in which stainless steels are widely used. Stainless steel solutions are essential to harness the sun's energy. The technical team, together with the designers, provided... 23.08.2014  11:13

• Exports of scrap metals decreased in the USA In the first half of 2014, the export of ferrous scrap from the United States fell sharply. The export of scrap aluminum also declined significantly during this period. However, scrap exports have rebounded from the lows when the Green Rules were introduced by the Chinese authorities. During the... 23.08.2014  10:26

• Vale Receives Permit to Expand World's Largest Iron Ore Mine Brazil's Environmental Protection Agency (IBAMA) approves a license for Vale, the world's largest iron ore producer, to expand the Carajas iron ore mine in the northern state of Para. The $ 20 billion plan calls for production to begin by 2016 and will reach its target of 90 million tonnes of... 23.08.2014  09:45