Metallurgy news

• Russian metallurgists are ready to face economic challenges - Moody's Russian steelmakers reduced their debts in 2014 as profitability improved significantly due to the devaluation of the ruble against the US dollar, as well as due to the implementation of successful programs to reduce costs and complete investment cycles, according to the rating agency... 23.06.2015  14:44

• ArcelorMittal is ready to invest $ 1.2 billion in Kryvyi Rih During his visit to the Ukrainian enterprise of PJSC ArcelorMittal Kryvyi Rih, Chairman of the Board and Chief Executive Officer Lakshmi Mittal stated that steel giant ArcelorMittal will invest US $ 1.2 billion in its Ukrainian subsidiary. He stated that ArcelorMittal plans to continue investing in... 23.06.2015  14:01

• Dutch company achieves 96% vehicle utilization A recently released report from the Netherlands-based company ARN Auto Recycling over the past year noted the sustainability of its recycling technologies, which have achieved 96 percent recycling and recovery of materials by vehicle weight. It should be noted that the European Region has set a... 23.06.2015  13:11

• Exports and imports of brass in the USA for April and 4 months of 2015 US exports rose slightly and imports of rolled brass fell in April this year, according to the latest statistics released by the Council of Copper and Brass Producers. Rolled brass imports in April 2015 were £ 47.8 million, down 1.5 percent from £ 48.6 million in April 2014. Exports of rolled brass ... 22.06.2015  15:28

• Metinvest will appeal to London court in case of refusal of Eurobond holders to restructure shares Metinvest, a mining and metallurgical company, has notified its Eurobond holders that if the next meeting of Eurobond holders with maturity in 2015, scheduled for June 26, does not take place, the company will have to go to the Royal Court to defend its rights. As previously reported, in connection... 22.06.2015  12:17

• Iron ore prices fell to a seven-week low The price of iron ore fell to its lowest level since April this year due to falling demand for steel. Iron ore futures on the Dalian Commodity Exchange fell nearly 3 percent last week, hitting $ 68.46 a tonne, the sharpest drop since late April 2015. In addition, the 62 percent Fe ore supplied to... 22.06.2015  11:11

• Global copper surplus reaches 159,000 tons in January-April According to data released by the World Bureau of Metals Statistics (WBMS), the global copper market surpassed 159,000 tonnes between January and April 2015. Worldwide copper consumption was 7,260,000 tonnes in the first four months of this year. During the corresponding period in 2014, copper... 21.06.2015  12:22

• Rebar imports to Mexico hit record high The latest statistics released by the Mexican Secretariat for Economic Affairs show that rebar exports from that country experienced a steep decline amid record imports during the month of March, which surpassed the annual level reached in 2014. Exports of rebar products to Mexico totaled 26,943... 20.06.2015  15:32

• World zinc market in abundance - MGISTS The latest statistics published by the International Lead and Zinc Research Group (IHRC) indicate that the global market for refined zinc was in excess of 181,000 tonnes during the first four months of this year. Total stocks of zinc on the London Metal Exchange (LME) decreased by 223,000 tonnes... 19.06.2015  13:12

• New alloys for the aerospace industry are being developed Carpenter Technologies says it is currently working with major aerospace manufacturers to secure supplies of a new corrosion-resistant, high-strength stainless steel alloy for use in the chassis. The alloy must combine the properties of several existing ones to form a new aerospace alloy CarTech... 19.06.2015  12:26