Metallurgy news

• Copper is growing on the eve of reports of strengthening economic growth in the United States Copper for the second day goes up in the New York Exchange in anticipation of a report on higher economic growth in the United States than previously expected. The United States is the second largest consumer in the world of this metal. The fact is that the US economy grew by 2.6 percent in the... 26.09.2013  16:53

• France President visited the Florand Closed Plant, which he promised to keep while still a presidential candidate France President Francois Hollande visited the Florand Metallurgical Plant in northeast France. The stop of blast furnaces at the enterprise has become one of the most resonant domestic political events for all the 16-month rule of the new president, which, while still presidential candidate,... 26.09.2013  16:18

• Nippon Steel and Sumitomo Metal reduces operating costs The Nippon Steel and Sumitomo Metal, created on October 1 last year, is faced with cost reducing problems. It is reported by the Japanese edition of Jiji Press. Created by the merger of the two largest metallurgical companies Nippon Steel and Sumitomo Metal followed the path of restructuring of... 26.09.2013  15:49

• The world demand for reinforcement and katanka will grow next year - IREPAS At the last Steelorbis Fall session, which took place on September 22-24, 2013 as part of the 69th IREPAS meeting in Istanbul, Kim Marty Sable, the International Commercial Director of the Celsa group and the chairman of the Armenian and Katanka manufacturers, said that the global demand for this... 26.09.2013  10:03

• US car manufacturers will use more aluminum to save gasoline According to the forecasts of the largest aluminum producer in North America, Novelis Inc., in the next 12 months, it is expected that the consumption of aluminum will exceed the consumption of this metal by European colleagues. This forecast is associated with the production of new car models.... 25.09.2013  16:14

• Tata Steel predicts a reduction in demand for steel of up to 5 percent The representative of the large Indian metallurgical company Tata Steel announced today that the demand for steel in the current financial year will most likely grow by only five percent. The reason for this is a decrease in demand from the automotive and construction industries. This was announced... 25.09.2013  14:37

• Expert opinion: Indonesia will not prohibit iron ore export in 2014 The Indonesia Government will most likely completely refrain from the intentions to ban the export of mineral ores in 2014. According to Jim Lennon, a consultant to the Australian investment company Macquarie Group, the reason for the abolition by the authorities of their decision is associated... 25.09.2013  13:10

• Latin America has a huge potential for steel demand The World Steel Association states that Latin America offers "huge and unused" opportunities for the steel market. The demand potential is based on the need for investment in infrastructure, population growth and urbanization. These factors create a “very positive picture” for the metallurgical ... 25.09.2013  10:15

• Transactions for the supply of iron ore to China must be made on the Beijing International Mining Exchange CBMX - the head of CISA The head of the Chinese Association of Chugun and began to CISA calls on to conclude transactions for the supply of iron ore on a specially created by the Beijing International Mining Exchange of CBMX to determine the "honest" price index for metallurgical raw materials. Van Xioki, Vice President... 25.09.2013  08:51

• Moody's rating agency worsened its forecasts for two large Asian coaling companies The international rating agency Moody 'S Investors Service against the backdrop of a negative prospect of coal prices predicts a high probability of bankruptcy. We are talking about two Chinese companies - Winsway Coking Coal Holdings and Hidili Industry International Development. Low coal... 24.09.2013  15:06