Metallurgy news

• Global stainless steel production will hit a new record this year Global crude stainless steel production is projected to total 40.2 million tonnes this year. This will be 5.7 percent higher than the previous high set last year. Output will grow for all major stainless steel producers in all regions. EU output in the first six months of this year is estimated... 01.08.2014  12:44

• Aluminum market may go from excess to deficit in 2015 The aluminum market outside of China will face a deficit as early as 2015 due to a reduction in the production capacity of large producers and a ban on the export of ore from Indonesia. These conditions could lead the market to a long-term deficit, as there is a clear recovery in... 01.08.2014  12:17

• Shandong to build a new pipe plant in Morocco The Shangang Metallurgical Group has signed an agreement to build a new steel pipe mill in the North African country of Morocco. The agreement was signed between the management of the company and the Minister of Finance of Morocco in the capital of Morocco. The Chinese plan to invest about $ 150... 31.07.2014  12:55

• Steel prices fall in northern Europe MEPS research shows that flat steel sales declined in the Nordic region in July in euro terms. Consequently, the factories received less profit. The demand for hot-rolled strip remained at a consistently low level. Manufacturers' sales are expected to pick up after the summer hiatus. Excess... 31.07.2014  12:19

• Rebar production in Japan increased 1.7 percent in June 2014 - JISF According to the latest statistics released by the Japan Iron and Steel Federation (JISF), the country's rebar production declined slightly in June 2014 from production in the same month a year earlier. However, compared to the previous month, production increased slightly. According to JISF,... 31.07.2014  11:42

• Largest gold mine discovered in China An unusual discovery was made in the northwest of the Xinjiang region of China. Geologists have found one of the largest gold mines ever discovered. The gold mine is located in the town of Ulugqat, which is located on the border with Kyrgyzstan. Geologists estimate that the mine has a gold reserve... 31.07.2014  11:13

• Rio Tinto's new mine should help overtake industry leader BHP Billiton The fall in iron ore prices cannot stop Rio Tinto. The miner is making plans to develop the largest iron ore mine in Western Australia in the Pilbara area. During its operation, the company will be able to produce 70 million tons per year. This means that the new mine, to be named Pocket and... 30.07.2014  12:59

• Steel pipe production in China reaches its highest monthly level Statistics released by the National Bureau of Statistics (NBS) show that the country's seamless steel pipe production hit its highest level during 2014 in the month of June. However, production declined marginally from a record high in the previous year. The cumulative output of seamless steel... 30.07.2014  12:29

• Steel price growth is limited due to the situation in the markets of India, Russia and China The MEPS Steel Market Review shows that the Russian industry remains optimistic about the outlook for production and consumption in the third quarter of 2014. During this period, demand is expected to grow in the construction industry, mechanical engineering and other industries, but it will be... 30.07.2014  11:36

• World prices for the main types of stainless products remain unchanged The world's largest stainless steel producers decided to keep the prices of their products unchanged over the next 2 months. Domestic prices in August for various grades of stainless steel will generally remain the same. One of the main manufacturers of stainless steel products, the Chinese... 30.07.2014  11:05