Metallurgy news

• Mining Companies Fight Ebola in West Africa The resource-rich countries that have been hit by the Ebola outbreak, such as Liberia, Guinea, Sierra Leone and Nigeria, are economically heavily dependent on mineral extraction. World renowned firms Rio Tinto and Vale, as well as other international companies, have been forced to act to tackle... 18.08.2014  12:07

• Oversupply of refined copper in China will increase in 2014 According to Chinese industry experts, the surplus of refined copper in the country is expected to expand further in 2014 amid weak demand from the mortgage sector and the construction industry. According to experts, August is traditionally considered a month of weak consumer demand. The... 18.08.2014  11:16

• Russian exports of stainless products fell 66 percent between January and July 2014 The latest data published by the Association of Consumers and Suppliers of Special Steels and Alloys (Spetsstal) shows that stainless steel exports from Russia fell significantly in the first seven months of this year. Russian exports of stainless steel products were reported to be 4,839 tonnes,... 18.08.2014  10:35

• Joint Stock Company Mechel received a good response from Russian Railways Open Joint Stock Company Mechel, as the largest company in the mining and metallurgical industry, announced a positive opinion issued by the agency of the Russian Railways (RZD), which has the ability to supply free wagons along the newly built railway track to the developed Elga coal... 17.08.2014  17:21

• Production of vehicles in Ukraine in July collapsed by 89% Association "Ukravtoprom" announced catastrophic performance in the automotive industry in July. This is evidenced by the fact that all enterprises in this industry produced only 555 units of equipment, cars - 343 units, trucks - 153 units, buses - 59 units, which is 89% less than a year ago. Based... 17.08.2014  13:59

• BHP Billiton separates aluminum and nickel assets into a separate entity Investors welcomed the news that mining giant BHP Billiton is setting up a separate company to include its AUD 20 billion in aluminum, bauxite and nickel assets. The world's largest miner issued a statement explaining that asset unbundling is the preferred option for the structural simplifications... 17.08.2014  13:24

• Experts warn of negative consequences of higher transport tariffs for metallurgy According to Viktor Kovshevny, general director of the analytical center Rusmet, the expected increase in transport tariffs of Russian Railways will lead to bankruptcy of 40 mining, scrap procurement and coal enterprises, and 30 enterprises will be on the brink of survival, which will have a... 16.08.2014  10:41

• In 2014, the global aluminum market may go into a deficit “The global aluminum market will remain in short supply for the first time in eight years,” analysts and investment banks say. The main reason for this is the growing demand for metal from the automotive industry and a sharp decline in production capacity. According to forecasts made by Sumitomo ... 16.08.2014  10:40

• Global steel prices are under pressure In its latest quarterly review, Global Metals & Mining assesses the position of steel products in the market and draws some encouraging conclusions for consumers in terms of pricing over the next 18 months. Currently, global capacity has kept utilization below 80 percent, resulting in limited... 15.08.2014  16:18

• ThyssenKrupp Announces Quarterly Profit After Selling US Block Adjusted earnings before interest and taxes from continuing operations nearly tripled to € 398 million ($ 532 million) in the fiscal quarter ended June 30. The result exceeded the average forecasts of 363.6 million euros from German analysts. Sales were up 8.3 percent to € 10.7 billion. "The tim... 15.08.2014  15:09