Metallurgy news

• China plans to tackle steel industry overcapacity by 2017 The Chinese government will speed up overhauls and increase investment in the metals sector to bring it back to a well-balanced level by 2017. The draft, published by China's Ministry of Industry, says it plans to bring profit margins and asset returns to a reasonable level, with more than 80... 22.03.2015  12:36

• Japanese steel production continues to decline The latest statistics released by the Japan Iron and Steel Federation (JISF) report a drop in crude steel production in the country during February this year. The decline in production is primarily due to a weakening of domestic demand and a decline in exports. Steel production in the country in... 21.03.2015  10:36

• Top 10 Tin Processing Companies in 2014 According to ITRI, the list of the world's top ten tin producers in 2014 remained the same as in the previous year. However, eight of these ten companies reported an increase in production in 2014 compared to 2013. All of the top 10 Chinese companies increased their production of refined tin in... 20.03.2015  16:58

• Growth in the supply of semi-finished aluminum products raises concerns At the first meeting of the working group on the aluminum industry, formed by Russia and the UAE, deep concern was expressed about the growth in exports of semi-finished aluminum products, especially from China. During the meeting, held in Moscow, they also discussed measures to ensure transparency... 20.03.2015  11:30

• Steel production in Russia increased in January-February 2015 According to data released by the Federal State Statistics Service, crude steel production in Russia in the first two months of 2015 amounted to 11.7 million tonnes, an increase of 5.5 percent over the same period last year. During this period, production of rolled steel in the country amounted... 20.03.2015  10:50

• Chinese metallurgists announced price cuts for HRC and CRC Chinese steelmakers, including Hebei and Shougang, announced price reductions for hot and cold rolled products in April this year. According to the price list published by Hebei Steel, the prices for HRC and CRC in the domestic market will be reduced by 100 RMB per tonne. In addition, there will... 19.03.2015  12:48

• China will dominate global gold pricing - ANZ Australia and New Zealand Banking Group (Australian bank) in an analytical report said that the country is likely to "dominate" in determining the global price of gold, based on the fact that China's financial exchanges continue to grow and expand at a very fast pace. “In addition to our role as ... 19.03.2015  12:10

• USA decided to impose import duties on Turkish welded pipes The US Department of Commerce (DOC) has tentatively decided to impose import duties on welded line pipes from Turkey. The decision was based on the fact that these products are manufactured using unfair government subsidies. Cheap imports of these products are holding back the growth of domestic... 19.03.2015  11:28

• Australia cuts forecast for iron ore price to $ 60 per ton The Australian government announced a further reduction of its official iron ore price forecast by another 5 percent in 2015. The target price is now $ 60 per tonne, which is mainly due to weakening demand from China amid increased production. Three months earlier, the Australian Department of... 18.03.2015  10:53

• Pakistan to impose import duty on HR products Pakistan is likely to impose a 15% regulatory duty on imported hot rolled products (HR) and pipes, according to reports. This proposal came from the country's Ministry of Industry and Manufacturing and is currently approved by the Federal Board of Revenue (FBR). In addition, a flat tax of 5,600 PKR... 18.03.2015  10:12