Metallurgy news

• Sberbank is not ready to restructure the loan to RUSAL The head of the Russian Sberbank, German Gref, said that the bank was not ready to restructure the loan to the aluminum producer RUSAL. Sberbank, the main creditor, accounts for 48 percent of RUSAL's net debt. This loan was pledged by RUSAL's shares in Norilsk Nickel. "There is nothing new.... 08.04.2015  12:10

• Features of Turkish imports of scrap metal Turkey consumes one fifth of the world's scrap steel imports and is the most important scrap receiving market . Turkish imports of scrap metal from the UK rose 88.3 percent year on year to 563,000 tonnes during the first months of this year, the Turkish Iron and Steel Manufacturers Association... 07.04.2015  14:21

• European stainless steel makers cut surcharges for April Major stainless steel producers in Europe have announced reductions in the stainless steel surcharge during April 2015. Major manufacturers such as Aperam, Outokumpu and Acciai Speciali Terni are among those who have announced reductions in surcharges. Other stainless steel makers, including... 07.04.2015  13:22

• RUSAL modernizes alumina production RUSAL, the world's leading primary aluminum producer, announces the launch of a program to increase alumina production at the Ural Aluminum Smelter (UAZ) with the goal of reaching an annual capacity of 900 thousand tons. Investment in the project is expected to amount to more than $ 23... 07.04.2015  11:48

• In Latin America, imports of rolled steel from China up 41 percent According to the latest statistics released by the Association of Steel Producers (ALACERO), imports of Chinese rolled steel to the Latin America region grew by almost 41 percent during the first months of this year compared to the previous year. Chinese exports of steel products to the region... 06.04.2015  12:12

• The fate of the Eurozone in the hands of Germany While the European economy has received support from declining oil prices and a weak euro, renowned economist Nouriel Roubini says there are many challenges to be faced to ensure a sustainable economic recovery, especially in Germany. In his latest report, Roubini lists five major obstacles to the... 06.04.2015  11:13

• UAE plans to build auto parts plant Abu Dhabi Ports signed an agreement with AMS to build a steel plant for the production of auto parts in the emirates. The plant in the port of Khalifa, in the Qizad industrial zone, will produce products such as brake discs and brake calipers for the global automotive industry. The steel plant's... 06.04.2015  10:24

• Indonesia to launch 8 nickel smelters in 2015 Construction of eight nickel smelters is expected to be completed in 2015, according to an official statement from Indonesia's Ministry of Energy and Mineral Resources. Construction of another 12 nickel smelting facilities will be completed in 2016, said Sukhyar, general manager of the coal and... 04.04.2015  13:50

• The era of steel paradise ends in China Years of double-digit economic growth and constant urbanization have increased the country's demand for alloys. Steel has been used in everything from buildings and infrastructure to automobiles and household appliances. Consumption in China has grown by an average of 15 percent each year since the... 04.04.2015  13:38

• Japan Says Q2 Steel Output Drop To 6-Year Low Japan's steel production from April to June is forecast to fall 7.8 percent from a year earlier, the lowest quarterly output in six years, the Ministry of Economy, Trade and Industry (METI) said. The slump in steel output is the latest in a series of signs that economic growth is slowing, despite... 04.04.2015  12:44