Metallurgy news

• Zinc prices will be at $ 2,500 per tonne within 12 months - Goldman Sachs Zinc prices will average around $ 2,500 per tonne over the next 12 months, according to the latest analytical data released by investment banking expert Goldman Sachs (GS). However, in the immediate short term, prices are likely to remain under pressure. While generally positive, metal prices are... 04.08.2014  12:44

• Nippon Steel Japan expands its operations to all parts of the world Amid weak demand for metal in Japan's domestic market, the world's second largest steel producer, Nippon Steel & Sumitomo Metal, is looking for new markets for its growing production outside of Japan, gradually adding assets in foreign markets. The company recently acquired a US steel mill from... 04.08.2014  11:58

• Metalloinvest announces 2Q 2014 production results In Q2 2014, the company increased its iron ore production by 2.6 percent QoQ to 9.8 million tonnes. Pellet production amounted to 5.7 million tonnes in Q2 2014, down 0.4 percent from the previous quarter. In Q2 2014, HBI production (DRI) was 1.4 million tonnes, a decline of 2.0 percent... 03.08.2014  14:19

• Revised Indonesian Tin Export Regulations To Go Into November 2014 The Indonesian government's revised tin export regulations will take effect in November this year, the country's Ministry of Commerce announced. The adopted rules are intended to introduce strict control over the sale of products without processing prior to the formation of ingots. The new rules... 03.08.2014  13:54

• Metinvest refuses new contracts amid hostilities Metinvest, the largest steelmaker in Ukraine, announced that it will no longer accept new orders from buyers due to the months-long crisis in eastern Ukraine, which is contributing to a decline in steel production in the region. As recently as last year, Ukraine was the fifth largest steel... 03.08.2014  12:49

• ICVL acquires Rio Tinto coal mine in Mozambique for $ 50 million The international coal company Ventures LTD (ICVL) has agreed to buy the Benga mine in Mozambique, owned by Rio Tinto. Upon completion of the transaction, the Group will produce up to 13 million tonnes of coking coal per year. Australia's Rio Tinto has agreed to sell its Benga mine and other... 02.08.2014  14:34

• Chinese stainless steel production grew by 21 percent in 1H 2014 The country's stainless steel output rose substantially in the first half of this year, according to data released by the Stainless Steel Council of China (SSC). The data show that there has been an increase in the production of all grades of stainless steel products in the country. According to... 02.08.2014  12:07

• JSW Steel invests $ 22 billion to increase production capacity India's third largest steel producer, JSW Steel, has decided to invest $ 22 billion over the next 10 years to improve its total annual capacity to 40 million tonnes by 2025. The existing production capacity provides an output of about 14.3 million tons per year. Sajan Jindal, chairman of the... 02.08.2014  11:50

• Severstal Russian Steel Update Sales volumes of steel products from the Russian Metals Division increased by 12 percent QoQ in Q2, driven by seasonal improvements in domestic and export demand, growth in the Russian construction market, and the proximity of the division's key assets to major metal consumption regions. Rolled... 01.08.2014  14:35

• Steel exports from Japan in June 2014 decreased by 2.1 percent According to the latest data released by the Japanese Iron and Steel Federation (JISF), the country's exports of common steel products declined during June this year. The country's steel exports have been declining for the eighth consecutive month. According to statistics, Japan exported 3.61... 01.08.2014  13:15