Metallurgy news

• Metallurgists in China contribute to the fall in steel prices The falling demand for steel creates global problems in the process of forming the value of steel. At the same time, the critical situation in China goes beyond government control, since many of the enterprises independently increase supplies and reduce prices, which contributes to an increase in... 15.10.2014  09:45

• Gazprom expects a tender for the supply of pipes for South Stream in November Russian Gazprom is expected to announce an international tender for 1.4 million tonnes of UO pipes to be used for lines 3 and 4 of the South Stream pipeline in November. Last year, Japan's Nippon Steel & Sumitomo Metal won an international tender for the supply of about 1.4 million tonnes of UO... 14.10.2014  11:10

• Ansteel to acquire 60 percent stake in Guangzhou stainless steel plant China's steel company Ansteel plans to acquire about 60 percent of the stainless steel mill of the private-owned E United Group, based in Guangzhou. At the same time, the E United Group, founded by a Taiwan firm, not only concentrates on commodities and steel, but also does business in real estate... 14.10.2014  10:03

• Gold hits 4-week high amid weak dollar Gold prices during trading in the American session closed at the highest level in the last four weeks. Stronger demand for the metal shelter came amid the recent sell-off in the US stock market. However, the main factor influencing the gold market was the upbeat economic data from China this... 14.10.2014  09:36

• China's new tax on coal imports will be a disaster for Australian miners China's decision to impose a duty on coal imports could be a watershed moment for Australian miners who are already struggling to stay afloat. The move by the economic giant involves a new tax of 3 to 6 percent, which shocked and angered Aussie producers, which account for a quarter of China's coal... 13.10.2014  11:30

• Taiwanese Feng Xin cuts prices for rebar and long products Taiwanese long steel maker Feng Xin Co, a steel company, has decided to cut rebar prices by $ 200 per tonne for the period starting October 13. Long products prices will be reduced by $ 300 per ton during the week. At the same time, purchase prices for scrap metal will remain unchanged this... 13.10.2014  11:03

• Iron ore imports rise substantially in Turkey According to the latest data released by the Turkish Statistical Institute (TUIK), imports of iron ore in the country during the month of August 2014 rose sharply compared to the previous month. In addition, imports were up 52 percent over the previous year. In August 2014, the import of iron... 13.10.2014  10:38

• US scrap exports rose 26 percent in August At the same time, US scrap exports declined slightly at an annualized rate during August 2014, according to the latest trade data released by the US International Trade Commission. According to these data, the export of scrap in the country during the month amounted to 1.57 million tons. Exports... 13.10.2014  09:12

• Donetsk Metallurgical Plant restarts steel production Blast furnace N1 of the Donetsk Metallurgical Plant was re-launched due to the resumption of raw materials supplies. This allowed the Donetskstal group to resume the production process at the plant, which had been idle for about two months. According to a message spread by the press service of the... 12.10.2014  14:50

• Top ten gold producing countries in the 1st half of 2014 Analysts at the London-based precious metals group Metal Focus have released a research report that outlines key aspects of global gold production during the first half of 2014. Gold mining and processing is one of the most profitable ideas for business . The report says that global gold... 11.10.2014  10:34