Metallurgy news

• Samsung will use high-strength aluminum in smartphones For the first time, Samsung's latest Galaxy S6 and S6 smartphones will feature a case made of high-strength aluminum. The cell phone maker has struck a deal with one of the leaders in the aluminum industry, Alcoa Inc (Alcoa). The company, with its corporate headquarters in New York, is the third... 07.06.2015  13:50

• Russia is going to increase its foreign exchange reserves Over the past year, the Central Bank of Russia has been the main buyer of gold bullion, and this trend will continue for the near future. According to media reports, Elvira Nabiullina, the chairman of the central bank, said there are plans to increase foreign exchange reserves to $ 500 billion over... 05.06.2015  12:40

• Evraz temporarily suspends production at a plant in the USA Russian steel company Evraz is temporarily suspending operations at its North American production base in Pueblo due to weak demand. A company spokesman said we have temporarily scaled down steel production at our Pueblo site for one week to keep up with falling demand. About 100 employees will... 05.06.2015  12:06

• NLMK may redirect EU transformer steel exports to India The Russian steel producer NLMK may redirect part of the export volumes of transformer steel from the European Union to India due to the duties imposed by the European Union on the supply of these Russian products, as stated by NLMK President Oleg Bagrin. He added: “There is also potential to i... 05.06.2015  11:42

• Gold mining is vital to the global economy According to a report from the World Gold Council (WGC), the global community should be interested in a strong and reliable gold mining industry. Gold mining had a direct contribution of $ 83.1 billion to the global economy last year, and given the indirect impact, that figure reached $ 171.6... 04.06.2015  13:11

• Iran can use the Turkish Stream to supply gas to the EU Iran is considering using the Turkish Stream pipeline, which is being developed by Russia, to supply gas to Europe, Azizollah Ramezani, director of communications for the National Iranian Gas Company, said on the sidelines of a gas congress held in Paris. He said that "This could be a common... 04.06.2015  12:32

• Interpipe speaks of a deficit of scrap metal in the domestic market During the past period of 2015, Ukrainian metallurgical enterprises continue to experience a shortage of ferrous scrap. Thus, the deficit in the supply of this raw material for steel producers amounted to 67,000 tons in April alone, which indicates that supplies are 17 percent lower than needs. At... 04.06.2015  11:39

• The service sector began to expand in Russia The activity of services in Russia, including metalworking, has been increasing for the second month in a row since April this year. The sector is growing at the fastest pace in 17 months thanks to stronger demand and higher orders, in line with the Purchasing Managers Index (PMI). The main... 03.06.2015  15:48

• International Symposium on the Development of the Iron Ore Market Held The 21st International Iron Ore Symposium was held from 1 to 3 June in Vienna and was an ideal meeting place for delegates from key European shopping centers. This was reported in the Kiev training center "Danko" www.danco.com.ua/upravlenchesiyoblikrus.html . Over the last period, the... 03.06.2015  14:54

• Jinchuan Calls for Approval of Norilsk Nickel Supply to SHFE The Jinchuan Group has called on the Shanghai Futures Exchange (SHFE) to accept foreign brands of nickel for delivery against its nickel futures contracts, and to set appropriate discounts or premiums. Simon Bao, Deputy General Manager of Marketing, Jinchuan Group, announced this at the 12th Market... 03.06.2015  13:47