Metallurgy news

• US steel production continues to fall In the United States, crude steel production fell 12 percent in the last week alone to 1,621,000 tonnes, and capacity utilization was 68.6 percent, according to the latest data released by the American Iron and Steel Institute (AISI). At the same time, a weekly drop in US steel production has been... 15.04.2015  09:31

• The rise in prices for rare earth metals has stopped The city of Baotou is the epicenter of China's rare earth metals industry, which produces about 90 percent of the world's total. China's industry consumes 70 percent of the 17 elements (REE) used in various high-tech industries, including renewable energy, medical devices and defense... 14.04.2015  12:29

• In the USA, imports and exports of rolled brass decreased The Copper and Brass Manufacturers Council reported that imports and exports of rolled brass to the United States fell sharply during the first months of the year. According to the data, imports of rolled brass to the United States in February this year amounted to 34.1 million pounds, down 11... 14.04.2015  11:30

• Serbia approves the implementation of the UAE construction project in Belgrade Serbian lawmakers, after heated discussions, gave the green light for the implementation of a riverbank development project in Belgrade, financed by an investor from Abu Dhabi. The developers hope to begin excavating the Belgrade embankment this year, transforming the gloomy desert on the eastern... 14.04.2015  09:37

• Citigroup predicts iron ore price fall below $ 40 per ton Citigroup expects iron ore prices to drop to $ 36 a tonne in the third quarter and remain below $ 40 for the rest of the year as large miners continue to increase their supply capacity and demand from China declines. Iron ore has lost 60 percent in the past 12 months, dropping below $ 50 a tonne... 13.04.2015  13:25

• Rusal and China Hongqiao consider cooperation on aluminum processing Rusal expressed its intention to cooperate with China's Hongqiao Group (Hongqiao) on the aluminum processing business during its recent visit to the company, according to the Group's website. A delegation of seven RUSAL representatives assessed the meeting as an opportunity to strengthen ties with... 13.04.2015  12:41

• Alton Steel dismisses 88 employees Alton Steel, Inc. (ASI), located in the heart of America, manufactures carbon and alloy steel products for the construction, automotive, fastener and hardware industries. Recently, however, the situation at the metallurgical plant has worsened due to the fall in prices on the world steel market, so... 12.04.2015  10:29

• Lecco Metallurgical Plant in Italy relaunches production Lecco's steel mill, formerly owned by Italy's second largest steelmaker Lucchini, is due to resume production in May and plans to hire nearly 100 employees, including former workers. Lucchini was formerly owned by the Russian Severstal, but was taken under special control by the administration... 12.04.2015  10:28

• Fighting Illegal Dumping Doesn't Help US Steel Producers The US federal government has failed to stop the collapse in steel prices. "Anti-dumping sanctions don't work and in some cases are even detrimental," said Congressman Rick Nolan, who represents the Iron Range. The fall in oil prices has strengthened the US dollar overseas, making the prices of... 11.04.2015  15:00

• The stable rating reflects the efficient operation of MMK Moody's affirms the corporate rating (CFR) of Magnitogorsk Iron and Steel Works at Ba3 and the probability of default (PDR) at Ba3-PD. The international rating agency has completed its rating downgrade, reflecting the deteriorating operating environment in Russia, and considers the rating outlook... 11.04.2015  12:22