Metallurgy news

• NSK bearings provide economical sheet rolling Nippon Seiko Kabushiki Kaisha (NSK), which specializes in roller bearings and automotive products, said its bearings have helped a major steel plate manufacturer achieve € 46,000 ($ 50,819) savings. Recently, this plate mill does not require scheduled maintenance to ensure lubrication, it said in a ... 07.08.2015  15:57

• Scrap metal deficit grows in Ukraine amid record exports Ukraine continues to strengthen its position as a raw material exporter, while producers of finished steel products are experiencing a shortage of raw materials. The situation with scrap metal for domestic consumption is especially acute, the deficit of which in June amounted to 26 percent of the... 07.08.2015  13:21

• NMLMK financial and operating results for 2Q and 1H 2015 In the first half of 2015, sales of NMLMK, a leading manufacturer of slabs and transformer steel, grew by 4 percent year-on-year to 7.97 million tonnes, driven by higher export sales of semi-finished products. At the same time, the company's revenue for the first half fell by 20 percent to $... 06.08.2015  13:32

• Chinese imports of iron ore decreased in the 1st half of 2015 According to the latest statistics released by the Chinese customs, imports of iron ore into the country declined slightly during the first six months of this year. Imports during this period fell by almost 1 percent when compared with imports in the corresponding six months of 2014. China's... 06.08.2015  12:18

• Iran plans to more than double steel production in 2025 Iran intends to double its steel production in 2025 and significantly increase its export volumes, following the lifting of international sanctions. Iran's Ministry of Mines and Trade has already planned ambitious projects related to steel and aluminum production, gold and copper mining, according... 06.08.2015  11:33

• Turboatom put into operation the modernized NS-33F2 machine At OJSC Turboatom, in the steam turbine shop No. 53, a major overhaul was completed, as a result of which the modernization of the large longitudinal milling machine NS-33F2 was carried out. This production center is designed for complex processing of large-sized parts of steam turbines and... 05.08.2015  12:40

• In Japan, imports of scrap metal increased in June According to the latest statistics published by the country's Ministry of Finance, imports of scrap ferrous metals to Japan during June this year increased significantly and amounted to 13,800 tons. Scrap metal imports were up more than 36.2 percent compared to 10,132 tonnes imports in the previous... 05.08.2015  12:06

• Ukraine reports a decline in metals trade in the first half of 2015 Exports and imports of ferrous and non-ferrous metals in Ukraine declined significantly over six months, from January to June, this year. Steel production in Ukraine has dropped significantly due to the ongoing political instability in the region. More importantly, imports and exports of steel... 05.08.2015  11:14

• US Mint Records 469% Increase in Gold Bullion Sales The US Mint reported a colossal rise in gold bullion sales during the month of July. Sales were up nearly 470 percent year on year to reach 202,000 ounces of gold in July 2015, up from 35,500 ounces of gold sold in July 2014. In fact, July sales represented the highest growth rate in a year. In... 04.08.2015  13:15

• Scrap metal prices rise in Turkey despite weak rebar exports Turkey's scrap steel imports increased during the week and are supported by higher prices. Although the export of Turkish rebar remains calm. The offer price of Turkish rebar increased to $ 410 per tonne FOB after the increase in scrap prices in Russia. However, rebar buyers in East Africa do... 04.08.2015  12:12