Metallurgy news

• Imports of stainless steel in Turkey increased in the first half of the year According to the latest statistics released by the Turkish Statistical Institute (TUIK), the country's stainless steel imports fell sharply during June 2014, but this did not significantly affect the results of the first half of the year. Imports in June amounted to 42,453 tons against 49,554... 25.08.2014  12:05

• Updated data of the MMK Group for the metallurgical segment Total revenues for the Russian steel segment in Q2 2014 were $ 2,047 million, up 15.4 percent QoQ. This growth was due to an increase in sales volumes at OJSC MMK by 8.3 percent and by MMK-Metiz by 21.2 percent amid rising steel prices. EBITDA for Q2 2014 is $ 403 million, up 19.7 percent. The... 24.08.2014  12:45

• The global copper market begins to experience a deficit According to data released by the International Copper Research Group (ICSG), the global refined copper market is experiencing a 69,000 tonne deficit. Figures do not include adjustments to changes in China's customs stocks. The balance of refined copper, including China's customs stocks, has a... 24.08.2014  12:23

• Metalloinvest and Pittini Group signed a contract for the supply of HBI Metalloinvest, the largest mining and metallurgical holding in Russia, and the Italian steel plant Ferriere Nord SPA, part of the Pittini Group, have signed a long-term contract for the supply of hot briquetted iron (HBI). According to the agreement, the price for the products will be set in... 24.08.2014  11:04

• Stainless steel has good prospects for solar energy applications The development of renewable energy sources and energy conservation requires the use of a wide range of technologies in which stainless steels are widely used. Stainless steel solutions are essential to harness the sun's energy. The technical team, together with the designers, provided... 23.08.2014  11:13

• Exports of scrap metals decreased in the USA In the first half of 2014, the export of ferrous scrap from the United States fell sharply. The export of scrap aluminum also declined significantly during this period. However, scrap exports have rebounded from the lows when the Green Rules were introduced by the Chinese authorities. During the... 23.08.2014  10:26

• Vale Receives Permit to Expand World's Largest Iron Ore Mine Brazil's Environmental Protection Agency (IBAMA) approves a license for Vale, the world's largest iron ore producer, to expand the Carajas iron ore mine in the northern state of Para. The $ 20 billion plan calls for production to begin by 2016 and will reach its target of 90 million tonnes of... 23.08.2014  09:45

• Asia's steel production rose 1.7 percent in July this year According to the latest data released by the World Steel Association, steel production across Asia rose 1.7 percent on an annualized basis in July. China's total crude steel production in July reached 68.324 million tons, up 1.5 percent from July 2013, when production was 67.297 million tons.... 22.08.2014  11:06

• Automotive use of aluminum sheet will grow fivefold by 2020 - Novelis Novelis Inc, the largest aluminum company headquartered in Atlanta, foresees rapid growth in demand for aluminum sheet from auto makers. New CO2 emission regulations in Europe could increase the use of aluminum sheet in automobile production by almost five times to 1.8 million tonnes by 2020. That... 22.08.2014  10:58

• The crisis in relations between Russia and Ukraine affects the global steel market After the uproar over the suspension of shipments from the Black Sea due to the confrontation between Russia and Ukraine, most enterprises have recently preferred to declare force majeure. The sensational news caused a spike in market prices and a rapid redistribution. However, market fluidity and... 22.08.2014  10:24