Metallurgy news

• Moody's lowers POSCO's earnings forecast The international rating agency Moody 's Investors Service reports that the weak financial results of POSCO in the second quarter of 2015 will not affect the Baa2 rating and its stable outlook. “We have lowered our earnings forecast for POSCO given the weaker-than-expected performance of its s... 26.07.2015  14:42

• Russia reduced steel output in the first half of the year According to the results for the first half of 2015, the drop in steel production in Russia amounted to only 0.2 percent to 34.9 million tons, while the output of rolled products decreased by 0.6 percent to 30 million tons. During the reporting period, the production of steel pipes increased by 9.8... 26.07.2015  13:16

• MMK will increase its hot-dip galvanizing capacity The Magnitogorsk Iron and Steel Works (MMK) and the SMS Group (Germany) signed an agreement for the supply of equipment for a new continuous galvanizing line. The contract value is over 25 million euros. The annual production capacity of the new equipment will be over 360 thousand tons per year.... 26.07.2015  11:35

• Steel Prices Rise In China Amid Tightening Pollution Control The new pollution control policy will increase the cost of energy for smelters if they fail to meet the new stringent emission standards within the next three months. This means that steel prices may have a good chance of increasing at these smelters. As a result, billet prices in Tangshan have... 25.07.2015  12:26

• Global aluminum production declines in June - IAI Global primary aluminum production, excluding China, fell significantly during June this year, while consumption rose. The latest statistics released by the International Aluminum Institute (IAI) show that global aluminum production in June this year declined from the previous month, but this... 25.07.2015  11:46

• Brazilian Iron Ore Exports Increase In June According to the latest data released by Brazil's Ministry of Industry Development and Foreign Trade (MDIC), iron ore shipments from the country rose slightly during June this year. Exports of iron ore from Brazil in June 2015 amounted to 32.02 million tons, up 8.4 percent compared to exports in... 25.07.2015  11:08

• The largest steel producers reduce production in June 2015 The largest drop in steel production during June was observed in Ukraine. The production of crude steel this month amounted to 2.0 million tons, which is 21.8 percent less than in June last year. Ukrainian metallurgists in June produced 1.83 million tons of pig iron and 1.79 million tons of general... 24.07.2015  15:45

• MMK's new section mills produced 15 million tonnes of products The long section shop of the Magnitogorsk Iron and Steel Works (MMK) produced the 15 millionth ton of long products at new section mills. Over the past decade, the plant has carried out a radical modernization of its section rolling production, as a result of which all old mills that have been... 24.07.2015  15:07

• Severstal to supply SSAB magnesia pellets Karelsky Pellet, Russia's leading iron ore processing plant, part of PJSC Severstal, has signed a three-year contract for the supply of magnesia pellets to the Swedish-Finnish SSAB group for three years, starting in September 2015. SSAB specializes in the production of high-strength and... 24.07.2015  12:28

• India has no plans to further increase import duties on steel India's finance ministry ruled out an increase in import duty on steel despite a whopping 205 percent increase in imports from China during the previous fiscal year. "Further increases in import duties will affect the processing industry. This will raise the price of final products, which in turn... 23.07.2015  15:11