Metallurgy news

• World crude steel production declined 2.7 percent month-on-month in June 2014 According to the latest statistics released by the World Steel Association, steel production from the 65 member countries was 137.122 million tonnes in June this year, up 3.1 percent from production in the same month the previous year. The total production of crude steel in the EU-28 countries... 23.07.2014  11:05

• ArcelorMittal continues to race for Italian steel company Ilva Italian Industry Minister Federica Guidi said ArcelorMittal is one of at least four or five companies interested in acquiring troubled Italian steel company Ilva. Federica Guidi said on the sidelines of the conference that "There are several international companies that have a particular interest... 22.07.2014  14:01

• Tissa and Sedgeman plan to set up an iron ore processing plant in the Solomon Mines Tissa and Sedgeman are planning to design and build an iron ore processing plant at the Solomon Mines in Western Australia under a joint project with Fortescue Metals to provide AUS $ 64 million for the project. Logging equipment that was previously used on this site will be sent to Russia for... 22.07.2014  13:02

• Canadian billet manufacturer to build plant in Ohio Matalco Inc, which has an aluminum billet mill in Ontario, is set to build its new $ 92 million smelter in Lordstown, Ohio. The construction of the new plant is scheduled to begin on September 17, 2014. It is reported that tempered glass of American production will be used for finishing the... 22.07.2014  12:12

• NLMK updated Q2 2014 data Novolipetsk Metallurgical Plant reports that sales in the second quarter of 2014 remained at the high level of the previous quarter at 3.854 million tonnes, while production is expected to increase to 4 million tonnes in the third quarter. In the second quarter, rolled steel sales rose 11.9... 21.07.2014  13:53

• The dynamics of the global metallurgy is influenced by structural changes in China Cyrus Mistry, chairman of the Tata Steel group, says supply and demand are shifting in the global steel industry due to structural changes in China, the world's largest steel producer. At the same time, the steel sector expects a lower level of prices for raw materials. This year, China has... 21.07.2014  12:48

• Severstal OJSC Sells American Plants Russian Severstal has signed separate definitive agreements for the sale of its subsidiaries Severstal Columbus and Severstal Dearborn with Steel Dynamics, Inc and AK Steel Corporation for US $ 2,325 million. Steel Dynamics Inc buys Severstal's Columbus, Michigan mini-mill for $ 1.62 billion in... 21.07.2014  11:33

• Taiwan-based CSC leaves prices unchanged for September 2014 shipments China Steel Corp (CSC), a major Taiwanese manufacturer of carbon flat products, has announced prices for steel plates for September 2014 shipments. The company decided to leave prices for steel sheet unchanged until September due to the lack of stable demand in the existing market. At the same... 21.07.2014  10:00

• Peru will produce 4 million tons of copper by 2019 According to industry analysts, Peru is on the right track and plans to compete with Chile, the world's largest copper producer, with 5.8 million tonnes of copper per year, in the coming years. Peru is currently completing several expansion projects for existing mines and developing new... 20.07.2014  13:46

• Gold price reacts to geopolitical tensions After a Malaysian passenger plane was shot down in eastern Ukraine, gold buying panic raged in the markets. As a result, gold recorded its largest daily gain in the past month. The Israeli offensive in Gaza also provides gold with additional support. But the strengthening of the US dollar... 20.07.2014  13:43