Metallurgy news

• MMK achieves success in import substitution OJSC Magnitogorsk Iron and Steel Works builds its development strategy on the continuation of strengthening its positions in the domestic market, producing goods for the purpose of import substitution and meeting the demand for high-quality metal from the Russian economy. In recent years, MMK has... 11.03.2015  13:07

• Japan has reduced exports of HRC TOKYO: Exports of hot rolled coil (HRC) dropped sharply from the country during the month of January this year, according to updated statistics released by the Japanese Ministry of Finance (MoF). Treasury data show that HRC exports from Japan totaled 973,573 tonnes during the month. This is... 11.03.2015  09:44

• Dozens of pollutant factories shut down in China Another small galvanizing plant in Jijie, Handan City, Hebei Province, will soon have to close for failing to comply with environmental protection requirements, local media reported. A total of 35 polluting factories were closed in the region after the government began to bring local campaigns... 10.03.2015  11:40

• Alcoa buys titanium production for aerospace reinforcement Alcoa, the most prominent aluminum producer in the United States, acquires RTI International Metals, which specializes in the production and supply of titanium, for $ 1.3 billion. More than 80 percent of RTI's business is focused on the aerospace and defense industry. This acquisition for Alcoa is... 10.03.2015  10:33

• EU to impose anti-dumping duties on stainless steel imports from China and Taiwan The European Commission has proposed anti-dumping duties on stainless steel imports from China and Taiwan. The European Association of Steel Manufacturers (Eurofer) argues that the rise in stainless imports from these two countries is damaging domestic industries in the region. Tariffs will be... 10.03.2015  09:55

• Ukrainian company re-launches the largest metallurgical plant in Latvia The largest metallurgical plant in Latvia Metallurg Liepaja, now called KVV Metallurg Liepaja, was officially opened on Friday and is set to resume full production in April. The rolling mills of KVV Metallurg Liepaja have been operating since mid-February and have reached an output of 15,000... 09.03.2015  12:04

• China lowers steel exports in February to lowest level in 6 months China exported 7.8 million tonnes of steel products in February 2015, according to data released by the customs administration, indicating a 24 percent decline in exports from 10.29 million tonnes in January 2015, as the tax change policies led to a slowdown in sales. The decline in steel... 09.03.2015  11:37

• POSCO introduces second nickel furnace POSCO SNNC, a leading ferronickel producer, has completed the construction of a second electric furnace that will help nearly double its annual pure nickel production capacity to 54,000 tonnes from the current 30,000 tonnes. POSCO said it has invested approximately KRW 480.6 billion ($ 437.1... 08.03.2015  12:32

• Taiwan increased exports and reduced imports of wire rod According to the latest statistics, Taiwan's wire rod exports increased significantly during January 2015. Total wire rod exports stood at 18,777 tonnes for the month, up 16.3 percent from the previous month. Wire rod exports from the country during December 2014 totaled 16,145 tons. Export prices... 08.03.2015  11:08

• Europe plans to significantly reduce the number of blast furnaces The World Steel Association (Worldsteel) has warned that many factories in Europe are likely to shut down blast furnaces over the next twenty years to manage excess capacity in the region. According to the chairman of Worldsteel Wolfgang Eder, 6 to 8 facilities, which provide almost two-thirds of... 06.03.2015  11:20