Metallurgy news

• Turkey's gold imports fell 57 percent in 2014 Turkish gold imports throughout 2014 fell sharply compared to 2013 and amounted to 130.9 tons, a decrease of 57 percent. Turkey imported 302.3 tons of gold worth about $ 16 billion in 2013. However, in November 2014, the country's gold imports reached their highest level in 18 months. Imports... 18.01.2015  12:05

• Mechel to increase supplies of coking coal to Baosteel Mechel announced the conclusion of a memorandum of understanding with the Chinese steel corporation Baosteel Resources, providing for an increase in coking coal supplies to 1.4 million tons per year. In accordance with the memorandum, the agreement will be valid from April 2015 to March 2016,... 16.01.2015  11:03

• High energy and logistics costs are holding back the growth of Mexico's metals industry The director of the Institute for Industrial and Economic Development of the country (IDIC) argues that energy and logistics costs are hampering the expansion of the metallurgical industry in Mexico. Over the past 10 years in Mexico, "the price of electricity has doubled, harming not only the steel... 16.01.2015  10:31

• In the US, imports of rolled copper increased while exports fell According to preliminary data from the Copper and Brass Manufacturers Council, imports of rolled brass to the United States during 2014 increased from the previous year, while exports declined. According to the US, imports of rolled brass during November 2014 amounted to 38.155 million pounds,... 15.01.2015  11:56

• Russia plans to redirect gas transit to the EU from Ukraine to Turkey Russia believes that transit risks for European consumers remain on the territory of Ukraine. Russia intends to shift all of its natural gas flows to the EU from Ukraine to transit routes through Turkey, creating the necessary infrastructure on the Turkish-Greek border to maintain its reputation as... 15.01.2015  11:29

• Severstal may redeem up to $ 600 million of Eurobonds Severstal plans to buy back about $ 600 million of bonds after the steel company sold its US plants. Severstal sold its steelmaking assets to US chasing reductions in overcapacity and falling prices for $ 2.33 billion last year. About $ 1 billion of the proceeds were distributed in the form of... 15.01.2015  10:46

• Turkish pipe companies plan to increase exports to 2 million tons in 2015 Turkish pipe producers are optimistic and want to surpass the target of 2 million tonnes of exports during 2015. In their opinion, the abolition of the import duty on flat products should ensure the supply of raw materials in a sufficient volume to increase production. According to the Turkish... 14.01.2015  11:26

• Aluminum price in 2015 will be maintained at a high level Bauxite supply problems and new capacity growth will be the main dominant factors affecting the aluminum market in 2015, according to Guotai Junan futures research report. In the Chinese market, "prices for aluminum sheet fell slightly in early 2015, but there is a possibility that prices for... 14.01.2015  11:01

• Ruble Decrease Threatens Indian Steel Producers The decline in the value of the Russian ruble is putting Indian steel companies in a difficult position. Indian steel giants such as Tata Steel Ltd, JSW Steel, as well as Indiahad are planning to increase production, with the support of the central government for faster growth of the country's... 14.01.2015  10:12

• Middle East plans to invest $ 18 billion in construction of new pipelines The Middle East is going to invest about $ 18 billion over the next five years in the creation of new pipelines and related infrastructure. The Gulf Cooperation Council (GCC) is expected to add over 21,000 km to its current pipeline network. Tube Arabia, Metal Middle East and Arabia Essen Welding &... 13.01.2015  11:15