Metallurgy news

• RUSAL to invest $ 10 million in silicon production UC RUSAL announces plans to invest over USD 10 million in modernization of silicon production in 2015. The investment program will allow RUSAL to increase its production of high-quality silicon grades up to 23,820 tons per year, which are required for the aluminum alloy production process. The... 12.12.2014  11:56

• Falling oil prices could affect copper This metal is considered vulnerable to the impact of low oil prices. Energy needs account for as much as 50 percent of the cost of producing copper, like other metals. This means that cheap oil should lead to lower production costs, which in turn should allow copper producers to have slightly... 12.12.2014  11:06

• In Turkey, the import of billets fell According to the latest statistics released by the Turkish Statistical Institute (TUIK), imports of steel billets into the country during the month of October this year fell by 35 percent compared to the previous month. However, imports have increased compared to last year. Turkish factories,... 12.12.2014  09:42

• The development of the electrical and electronic sector will significantly increase the demand for silver by 2018 Global industrial silver demand is set to rise 27 percent, adding an additional 142 million ounces to silver demand in 2018 from current levels, according to a new report released by the International Silver Institute. Most of this growth will come from the needs of the instrument making,... 11.12.2014  15:24

• Severstal reached an agreement to sell Dneprometiz PJSC Severstal announced that its Austrian subsidiary Severstal Trade Gmbh has entered into a definitive agreement to sell PJSC Dneprometiz to a German private company. An interesting fact is that Dneprometiz was created in 1890 by the Joint Stock Company of Steel Mills, which belonged to the... 11.12.2014  12:30

• Ports of Brazil and China have signed an agreement to increase the processing of iron ore Vale's mining terminal in the port of Ponta da Madeira, located in northeastern Brazil, and the Chinese port of Qingdao have signed a cooperation agreement to boost iron ore processing operations, Vale said. The agreement "paves the way for increased trade in iron ore between the Brazilian port... 11.12.2014  07:38

• TMK Eurobonds hit by ruble fall TMK bonds may continue to fall due to investor concerns about the ability of Russian companies to refinance debt spreads of the banking industry. The revenues of the largest pipe manufacturer with production facilities in Russia, Kazakhstan, Romania and the United States are in rubles, and costs... 10.12.2014  12:20

• Japanese Metallurgists Support Nuclear Expansion Nuclear power, which accounts for nearly a third of Japan's electricity production, has been identified by Japanese Prime Minister Shinzo Abe as an important source of "base capacity." Even after public outcry over the Fukushima accident, Abe insists that nuclear power will continue to play an... 10.12.2014  11:02

• Mechel 9M 2014 Financial Results Mechel OAO, Russia's leading mining and metallurgical company that unites producers of iron ore and coal, steel, rolled products and ferroalloys, as well as electricity and heat, has announced its financial results for 9M 2014. Oleg Korzhov, General Director of Mechel OAO, said that this year... 10.12.2014  10:08

• Demand for high grade aluminum alloys is growing Shandong Nanshan Aluminum Co, an aluminum company, expects increased demand for high-grade aluminum alloys used in high-speed rail, aerospace and transportation sectors. The company is building an aircraft material industrial park that will be used by internationally renowned aircraft... 09.12.2014  19:20