Metallurgy news

• ThyssenKrupp Announces Quarterly Profit After Selling US Block Adjusted earnings before interest and taxes from continuing operations nearly tripled to € 398 million ($ 532 million) in the fiscal quarter ended June 30. The result exceeded the average forecasts of 363.6 million euros from German analysts. Sales were up 8.3 percent to € 10.7 billion. "The tim... 15.08.2014  15:09

• At least 21 miners were injured after a mine explosion in Donetsk region - State Service The State Service for Mining and Industrial Safety said at least 21 Ukrainian miners were injured after a methane explosion at a coal mine in Donetsk region. The government service said the explosion occurred at about 10:30 am local time at a depth of about 815 meters inside the Pokrovskaya... 15.08.2014  14:28

• Transnet will increase railway capacity to increase supply of raw materials Transnet SOC Ltd plans to nearly double the capacity of its South African railroad line for transporting iron ore, as the state-owned operator is betting on higher output amid falling prices for steelmaking ingredients, just like the rest of the major miners. As a result, it is planned to... 15.08.2014  14:10

• Middle East region will be the fastest growing in the aluminum market Investment in the Middle East aluminum industry is expected to surpass $ 55 billion by 2020, nearly double the $ 30 billion in 2011. The fact is that this region is not only a leading producer of metal, but one of the best consumers of this metal. The emergence of new additional smelting... 15.08.2014  11:13

• 34% EVRAZ Highveld Steel and Vanadium to be sold According to representatives of Evraz (an international metallurgical and mining company, which is one of the twenty largest steel producers in the world, whose assets are located in the United States, the Russian Federation, Ukraine, the Czech Republic, Canada, Kazakhstan, Italy, and South... 14.08.2014  09:39

• The US is running out of gold reserves The high price of gold allows US mining companies to spend more money on the precious metal. But despite their powerful implementations, the volume of fossils is not increasing, but rather decreasing. In no month of 2014, more than 18 tons of the precious metal have been mined from American... 14.08.2014  07:39

• Alisher Usmanov sells 10 percent of shares of the holding company The richest Russian, Alisher Usmanov, sold a 10 percent stake to his holding company partners, fulfilling his promise to reward management. In addition, the sale of shares will provide a new inflow of capital for use in areas that Usmanov considers more promising in the future. Usmanov will... 13.08.2014  12:51

• High nickel prices have triggered a restart of frozen mines The huge rise in nickel prices prompted many companies to restart operations at their mines. In Australia, three companies Avebury Nickel, Poseidon Nickel and Panoramic Resource announced the reopening of their nickel mines, hoping to profit well from the rapid rise in nickel prices. In addition,... 13.08.2014  11:56

• Nippon Steel and Krakatau Steel to Build Automotive Sheet Plant The world's second largest steel producer, Nippon Steel & Sumitomo Metal Corp, announces that it has signed a definitive joint venture agreement with Indonesia's largest steel producer, Krakatau Steel, to produce and sell automotive flat products in Indonesia. The Krakatau Nippon Steel Sumikin... 13.08.2014  11:23

• China's steel exports hit a new record between January and July China's steel exports hit a record high in the first 7 months of this year, according to data released by China's General Administration of Customs. Exports jumped 37 percent over the corresponding period in 2013. A sharp drop in domestic demand and an increase in demand from the US and the... 13.08.2014  09:54