Metallurgy news

• ICVL acquires Rio Tinto coal mine in Mozambique for $ 50 million The international coal company Ventures LTD (ICVL) has agreed to buy the Benga mine in Mozambique, owned by Rio Tinto. Upon completion of the transaction, the Group will produce up to 13 million tonnes of coking coal per year. Australia's Rio Tinto has agreed to sell its Benga mine and other... 02.08.2014  14:34

• Chinese stainless steel production grew by 21 percent in 1H 2014 The country's stainless steel output rose substantially in the first half of this year, according to data released by the Stainless Steel Council of China (SSC). The data show that there has been an increase in the production of all grades of stainless steel products in the country. According to... 02.08.2014  12:07

• JSW Steel invests $ 22 billion to increase production capacity India's third largest steel producer, JSW Steel, has decided to invest $ 22 billion over the next 10 years to improve its total annual capacity to 40 million tonnes by 2025. The existing production capacity provides an output of about 14.3 million tons per year. Sajan Jindal, chairman of the... 02.08.2014  11:50

• Severstal Russian Steel Update Sales volumes of steel products from the Russian Metals Division increased by 12 percent QoQ in Q2, driven by seasonal improvements in domestic and export demand, growth in the Russian construction market, and the proximity of the division's key assets to major metal consumption regions. Rolled... 01.08.2014  14:35

• Steel exports from Japan in June 2014 decreased by 2.1 percent According to the latest data released by the Japanese Iron and Steel Federation (JISF), the country's exports of common steel products declined during June this year. The country's steel exports have been declining for the eighth consecutive month. According to statistics, Japan exported 3.61... 01.08.2014  13:15

• Global stainless steel production will hit a new record this year Global crude stainless steel production is projected to total 40.2 million tonnes this year. This will be 5.7 percent higher than the previous high set last year. Output will grow for all major stainless steel producers in all regions. EU output in the first six months of this year is estimated... 01.08.2014  12:44

• Aluminum market may go from excess to deficit in 2015 The aluminum market outside of China will face a deficit as early as 2015 due to a reduction in the production capacity of large producers and a ban on the export of ore from Indonesia. These conditions could lead the market to a long-term deficit, as there is a clear recovery in... 01.08.2014  12:17

• Shandong to build a new pipe plant in Morocco The Shangang Metallurgical Group has signed an agreement to build a new steel pipe mill in the North African country of Morocco. The agreement was signed between the management of the company and the Minister of Finance of Morocco in the capital of Morocco. The Chinese plan to invest about $ 150... 31.07.2014  12:55

• Steel prices fall in northern Europe MEPS research shows that flat steel sales declined in the Nordic region in July in euro terms. Consequently, the factories received less profit. The demand for hot-rolled strip remained at a consistently low level. Manufacturers' sales are expected to pick up after the summer hiatus. Excess... 31.07.2014  12:19

• Rebar production in Japan increased 1.7 percent in June 2014 - JISF According to the latest statistics released by the Japan Iron and Steel Federation (JISF), the country's rebar production declined slightly in June 2014 from production in the same month a year earlier. However, compared to the previous month, production increased slightly. According to JISF,... 31.07.2014  11:42