Metallurgy news

• Vallourec begins supplying pipes for the Aegina oil project Vallourec, a world leader in premium tubular products, has begun deliveries for the construction of a pipeline in the offshore Aegina region operated by Nigeria's Total Upstream. The Aegina field is located 130 kilometers off the coast of Nigeria at a depth of 1,750 meters. The field is under... 10.10.2014  10:37

• Alchevsk Iron and Steel Works will not be able to resume operations in October Ukrainian steelmaker Alchevsk Iron and Steel Works (city of Alchevsk), a subsidiary of Ukrainian steelmaker Industrial Union of Donbass, says it has no plans to resume operations in October. The company is experiencing difficulties in the supply of raw materials and electricity. The situation in... 10.10.2014  09:59

• Brazilian ferroalloy exports fell 26 percent in September According to the latest trade statistics released by Brazil's Ministry of Foreign Trade (MDic), the country's ferroalloy exports declined sharply during September 2014. Exports from that country fell 25.9 percent to 26,109 tons, compared with 35,238 tons in September last year. However,... 10.10.2014  09:51

• China's zinc exports hit 6-year high China's zinc exports reached a six-year high in August, with most of the exports going through warehouses listed on the London Metal Exchange (LME), according to a Shanghai Metals Market observer. China exported 21,200 tons of refined zinc in August, a 28-fold increase from a year ago, according... 10.10.2014  09:29

• Ukraine is pinning fewer hopes on metallurgy and coal industry The World Bank said last week that the Ukrainian government will have to postpone hopes for economic growth until 2016, as it is projected to contract 8 percent this year and 1 percent next year due to disruption to production activities in the East. Alarmed by the crisis and poisoned relations... 09.10.2014  11:05

• Decrease in imports of iron ore to China affects the entire industry Shipments of iron ore from the world's largest export terminal, Port Hedland in Australia, were significantly lower than in previous months. According to data released by the Port Authority of Hedland, shipments to China amounted to 29.8 million tons in September, while 32 million tons were... 09.10.2014  10:29

• Morgan Stanley raises aluminum price forecast for 2015 Morgan Stanley, a multinational finance corporation, raised its forecast for aluminum prices in 2015 by 8 percent and this year by 3 percent. This is due to an increase in the use of aluminum in the automotive and other industries around the world, and especially in the United States. In addition,... 09.10.2014  09:41

• Cancellation of discounts will reduce exports of steel goods from China in 2015 - CISA The Metallurgical Association of China (CISA) foresees that the country's steel production in 2015 will be maintained at the same level as in 2014, however, steel exports could be significantly reduced after the removal of export incentives such as government export tax rebates. Speaking at the... 08.10.2014  11:33

• Ironbark seeks greenland zinc mining license Ironbark Zinc said that under Greenlandic government law, a mining license requires a permit from environmental authorities and also imposes certain social obligations. Such a license is valid for a maximum of 30 years. Ironbark said later that the acquisition of the license to implement the... 08.10.2014  10:45

• South Africa plans to declare copper precious metal Andris Nel, Deputy Minister of the South African government, said during intense debate in Johannesburg that the administration intends to designate copper as a precious metal. The decision has been agreed and championed by many institutions, including the logistics giant. TRANSNET, owned by the... 08.10.2014  09:55