Metallurgy news

• Environmental activists oppose Shell oil drilling in the Arctic Ocean In Northern California, activists protested Shell's plans to explore for fossil fuels in the Arctic Ocean. In opposition to a rig in Seattle, several dozen activists boarded and kayak and rowed towards the middle of Elliott Bay, deploying a banner. Seattle's water protests came after... 17.05.2015  12:53

• China's steel output fell 0.8 percent in April China's crude steel production totaled 68.91 million tonnes in April 2015, down 0.8 percent from the previous month and 0.1 percent year on year. Pig iron production in April this year was 59.49 million tons, down 1.3 percent on a monthly basis and 3.3 percent on an annualized... 17.05.2015  12:21

• Gold demand reveals important changes in the global economy Global gold demand in the first quarter of 2015 fell 1 percent to 1,079 tons, compared to the first quarter of 2014, when total demand was at 1,089 tons. However, the World Gold Council (WGC) still sees some improvement in the gold market despite an overall decline in demand in the first three... 17.05.2015  12:13

• Chinese metallurgists may avoid South Korean duties on I-beams Seven Chinese metallurgists will be able to avoid anti-dumping duties from South Korea after the official Seoul accepted their proposal to increase the price of I-beams shipped to that country. Similar actions in Asia and Europe are intended to curb the rise in exports of cheaper steel products... 16.05.2015  10:03

• Arcelor Mittal announces closure of Georgetown wire rod plant Arcelor Mittal North America has decided to close its Georgetown, South Carolina wire production in the third quarter of this year. The company said “difficult market conditions” were the main reason for the closure. According to the company, high transportation costs, unfair and cheap imports from ... 15.05.2015  12:09

• Steel consumption in China may fall by 6 percent this year - CISA Chinese industry representatives stressed that the slowdown in economic growth in the world's 2nd economy will continue to negatively affect industrial demand for steel. In this connection, the Association of Chinese Steel Producers CISA believes that steel consumption in China may decrease by 6... 15.05.2015  11:34

• EU fixes import duties for electrical steel The European Union plans to impose anti-dumping duties on electrical steel imports from Russia, China, South Korea, Japan and the United States to protect European steelmakers from cheap imports entering the EU market. This decision was taken following the consideration of a complaint filed by... 15.05.2015  10:56

• US scrap metal exports rise in March Exports of scrap metal in this country since the beginning of 2015 have tended to decline. However, exports rose sharply during March this year, as evidenced by the latest data released in the US by the International Trade Commission. According to these data, the export of scrap metal from the... 14.05.2015  11:02

• Steel production in Ukraine fell by 30 percent in January-April According to the data of the METALLURGPROM business association, steel production in Ukraine decreased by 30 percent to 7.08 million tonnes in the first four months of 2015 compared to the same period last year. The merger said pig iron production fell 32 percent to 6.43 million tonnes, while... 14.05.2015  10:41

• Rusal reported profit in Q1 Rusal made a net profit of $ 228 million in Q1 2015, up from a loss of $ 246 million in the same period last year, according to a report on the Hong Kong Stock Exchange. Rusal's profit was driven by higher LME aluminum prices, ruble depreciation and cost control, although the largest aluminum... 14.05.2015  09:38