Metallurgy news

• A lot of gold has been accumulated in the Magadan region since the beginning of the year 250 kg of gold is the result of the miners of the Electrum Plus Sosumanskiy holding. Enterprises working on the extraction of gold ore are constantly increasing the rate of production. The artel workers of the Tenkinsky district, according to the administration of the mining enterprise, have washed... 10.07.2014  19:49

• ThyssenKrupp modernizes converter plant and waste heat boiler in Duisburg ThyssenKrupp Steel Europe considers lifting operations to be the main focus of the refurbishment of Converter # 2 and its associated waste heat boiler in the Duisburg Bruckhausen steel plant. At a height of almost 90 meters, a special crane moves the 50-ton boiler segment. The works have been... 10.07.2014  10:39

• India is going to increase gold imports in 2014 India's gold imports could rise to 200 tons in the second half of 2014 if the government cuts its import duty on gold to 6 percent from a record 10 percent of the budget, said Gems and Jewelry Trade Federation Director of India. Reducing the import duty on gold to 6 percent is reasonable and likely... 10.07.2014  09:58

• European steel scrap market report After the June meeting in Brussels, it seems that the European steel industry has finally entered the process of restructuring. The main issues are environmental issues (reducing CO2 emissions), overcapacity, competition with other materials and profitability. Because raw materials and supplies... 09.07.2014  15:12

• Latin American imports of finished steel from China hit record high - ALACERO The latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel from China rose substantially during the month of May 2014. Imports between January and May this year jumped significantly higher than the previous year. Imports of finished... 09.07.2014  14:19

• Indonesia and Freeport Sign Copper Export Memorandum of Understanding Negotiations on the settlement of tax disputes on copper exports between Indonesia and the US miner Freeport-McMoRan Copper & Gold ended with the conclusion of mutually beneficial agreements. After the agreement was signed, the company's share price increased to a new 52-week high. Freeport... 09.07.2014  13:49

• Brazilian Iron Ore Exports In June Increase 13.2 Percent On Year According to the latest data released by the Brazilian Ministry of Development, Industry and Foreign Trade, the country's iron ore exports in June 2014 increased significantly year on year. The country exported 29.55 million tons of iron ore during the month. However, this is 3.7 percent lower... 08.07.2014  12:16

• China's Transport Sector Demand To Reduce Aluminum Oversupply The expected surplus of aluminum in China in 2014 will decline, in accordance with the latest analysis of the situation. Strong demand from the transport sector and the completion of infrastructure facilities here will require the use of special equipment for the transportation of oversized and... 08.07.2014  11:25

• Weekly U.S. Steel Production Down 0.5 Percent On Week: AISI According to statistics released by the American Institute of Iron and Steel (AISI), crude steel production in the country fell 0.5 percent over the week. The capacity utilization rate of American steel producers in July is 77.0 percent. The total production of crude steel for the past period in... 08.07.2014  11:01

• Japan's steel production is projected to rise between July and September 2014 Japan's Ministry of Economy, Trade and Industry (METI) predicts a surge in crude steel production in the second quarter of the current fiscal year, according to research by the Japanese Ministry of Economy, Trade and Industry. Steel output in July-September 2014 is projected to increase by... 08.07.2014  10:33