Metallurgy news

• Refined copper demand fluctuates in China copper sheet, copper sheet The latest data released by the Electricity Council of China shows that investment in the country's energy sector declined slightly in the first six months of 2014. The energy sector in 2013 accounted for almost 50 percent of the demand for copper in China, where it... 04.09.2014  10:58

• Fire breaks out at Nagoya steel plant in Japan Nippon Steel & Sumitomo Metal Corporation, formed through a merger in 2012, reported its fifth fire at its Nagoya steel plant in central Japan. The plant produces a wide range of steel products, from high quality steel sheets, ranging from bodies to containers for canned food, as well as various... 04.09.2014  10:33

• In the wake of Putin's visit to Chelyabinsk The growth in production of the metallurgical industry in the Chelyabinsk region will be at least four percent, and this is only a lower estimate. According to more optimistic forecasts, this figure could reach sixteen percent. All this is happening against the background of a general industrial... 04.09.2014  09:27

• Norilsk Nickel sells its last Australian asset, Lake Johnston Norilsk Nickel, one of the largest and most significant joint stock companies in Russia for the production of metals, is about to conclude a deal to sell a subsidiary of Lake Johnston. The facility is located in western Australia and will be taken over by the Australian steel company Poseidon... 03.09.2014  13:16

• China is fighting to reduce the tax on the sale of steel scrap The China Scrap Metal Recycling Association (CAMU) has called on the National Development and Reform Commission (NDRC) to reduce the tax rate on the sale of scrap metal. Beijing canceled 70 17 percent VAT rebate for scrap steel recyclers in 2011 The association launched a call at the 7th China... 03.09.2014  11:24

• South Korean steel exports up 22 percent in July 2014 According to the latest statistics released by the South Korean Ministry of Commerce, the country's steel exports increased significantly during the month of July this year. The export value reached $ 3198 million during July. The growth was 22.4 percent compared to the value of exports in the same... 03.09.2014  10:40

• European factories prepare to take advantage of growing deficit from Ukraine Mainly producers of HRP hot rolled flat products, want to take advantage of the Ukrainian crisis, which threatens the subsequent lack of HRP supplies, and insist on a significant increase in production. At the same time, it was Europe that strengthened the motivation of Ukrainian metallurgical... 02.09.2014  12:27

• Steel imports to Japan grow for 8 months in a row amid falling exports Japan imported 433,000 tons of various steel products in July, showing a record 20.5 percent increase in imports from the previous month. Imports of cold rolled steel products amounted to 85,000 tons; heavy plate steel - 51,000 tons; galvanized steel products - 80,000 tons; hot rolled steel... 02.09.2014  11:08

• Norilsk Nickel Announces 1H 2014 Results OJSC MMC Norilsk Nickel, the largest producer of nickel and palladium, announced interim financial results for the first half of this year.Free cash flow continued to grow in the first half of 2014, increasing ROIC to 20 percent. Consolidated revenues were flat YoY at $ 5.7 billion, driven by... 02.09.2014  10:35

• Slab prices will rise According to the latest data, prices for steel slabs in Asia have stopped falling and have already jumped. The fact is that the Mariupol Metallurgical Plant in Ukraine canceled orders for slabs for Southeast Asia and Malaysia. Although the operations of blast furnaces in the Donetsk region were not... 01.09.2014  15:06