Metallurgy news

• China and Australia Sign Free Trade Pact The free trade agreement between China and Australia should provide an additional supply of goods for the world's second largest economy, helping Chinese producers to reduce the cost of materials such as coal and iron ore. After more than a decade of negotiations, the two sides finally signed the... 19.06.2015  11:01

• Ukrainian metallurgical companies forecast production growth in July According to the Metallurgprom Association (Dnepropetrovsk), the plan for July 2015 provides for an increase in pig iron production by 23.5 percent to 2.1 million tons. It is reported that metallurgical companies of Ukraine also plan to increase steel production in July by 4.5 percent compared... 18.06.2015  11:46

• Primary aluminum market reports deficit in January - April 2015 The latest report, published by the World Bureau of Metals Statistics (WBMS), shows that the global primary aluminum market recorded a deficit during the first four months of this year. According to the report, the market experienced a deficit of 283 thousand tonnes of aluminum, compared with a... 18.06.2015  11:36

• Nazarbayev and Mittal discussed the role of ArcelorMittal in the economy of Kazakhstan The company's participation in the development of the country's economy and the prospects for its activities, taking into account the current state programs of Kazakhstan, were discussed during a meeting between President Nursultan Nazarbayev and the General Director of Arcelor Mittal Lakshmi... 18.06.2015  10:58

• Indonesia's tin exports jumped sharply in May Data released by Indonesia's Ministry of Commerce shows that the country's tin exports rose substantially this May. Exports for the month were 6,263 tons, up 23 percent from 5,071 tons of tin exported in April. Published figures are based on figures provided by companies during pre-shipment... 17.06.2015  15:14

• China's overcapacity threatens global steelmaking The recently concluded meeting of the Organization for Economic Cooperation and Development (OECD) showed a negative attitude towards bloated steelmaking capacity in China, while demand is showing a sharp decline. In addition, steel trade associations around the world have serious concerns about... 17.06.2015  13:48

• Russia has increased the export of ferrous scrap According to updated statistics, Russia has significantly increased its export of scrap metal during the first three months of this year. Russia exported 1.115 million tonnes of scrap metal in the first quarter of 2015. Exports during the quarter were up 8.6 percent compared to exports in the same... 17.06.2015  13:12

• China's steel production fell 1.7 percent in May The latest data released by the National Bureau of Statistics show that Chinese steel production fell 1.7 percent during May this year, compared with the previous year. The drop in steel production was mainly due to weaker demand in the real estate sector and weaker economic growth. China's... 16.06.2015  12:07

• AISI welcomes customs bill The American Iron and Steel Institute (AISI) applauded the House's passage of the Customs Bill. According to the Institute, the bill should increase the requirements of US trade laws, offering more effective mechanisms to curb dumped imports and subsidized products in the US market. The bill was... 15.06.2015  13:55

• Shell bets on metallurgy revival in India Shell oil company in India has high hopes of reviving production in the metals sector to spur growth in the country. "India is the fourth largest metals market. Currently, the country's steel production is 80 million tons per year, and expects to reach 120 million tons by 2020, and Shell would like... 15.06.2015  12:55