Metallurgy news

• Chinese corporation Sinosteel to build a metallurgical plant in Kenya China's state-owned Sinosteel Corporation has signed a Memorandum of Understanding with the Kenyan government to build a new steel plant in Kenya. Chinese investment is expected to improve Kenya's trade balance and foreign exchange reserves, as the country is now dependent on steel imports for most... 30.03.2015  11:10

• Steel production in the CIS continues to fall Commonwealth of Independent States (CIS) steel output declined 6.0 percent during February 2015 on an annualized basis, according to the latest data released by the World Steel Association. This is due to the fact that the growth of production in some countries could not compensate for the decline... 30.03.2015  10:41

• South Korea will increase investment in the non-ferrous metals industry Major companies in South Korea have made significant investments in zinc, aluminum and nickel production and also intend to continue expanding the industry as demand improves. Korea Zinc Inc, a non-ferrous metals company in South Korea, plans to complete construction of its No. 2 non-ferrous... 30.03.2015  09:52

• Analysts may cut iron ore price forecast to $ 30 per ton Marine supplies of iron ore dipped below $ 50 per tonne and analysts are likely ready to cut their forecast in the coming weeks to a new low of $ 30 per tonne. Based on the verbal skirmish of the miners, it became abundantly clear that the Big Three are not going to reduce the volume of iron ore... 29.03.2015  17:54

• ArcelorMittal supplies steel for Brazil's super port ArcelorMittal Brazil supplied about 59,000 tonnes of steel for the construction of Acu Port in the country's southeastern state of Rio de Janeiro. The company supplied 47,000 cut and bent rebars manufactured on the Belgo Pronto block along with 12,000 tonnes of steel sheet piles. Sheet piles are... 29.03.2015  15:51

• OMK and Rosneft signed a partnership agreement United Metallurgical Company and Open Joint Stock Company Rosneft signed an agreement on cooperation in the field of petroleum products. The document defines the areas of cooperation between the two companies in terms of development, testing and production of lubricants and other petroleum products... 29.03.2015  15:03

• Gold-dollar relationship remains tricky - WGC Gold continues to play an important role in investor portfolios, as does the US dollar, which is at a 12-year high, according to the latest research from the World Gold Council (WGC). A report from the Gold Investor Council says that due to the short-term strength of the US dollar, a negative... 28.03.2015  10:29

• Alcoa receives financial support to expand aluminum sheet production The US Department of Energy (DOE) will issue a loan to Alcoa to support its expansion in Tennessee. The commitment is seen as the first step towards a $ 259 million loan, and the final approval of the loan requires the completion of certain steps outlined in the contract. These funds will cover... 27.03.2015  14:32

• MMK becomes a supplier of rolled metal products for Ford in Russia OJSC Magnitogorsk Metallurgical Plant announced that it is named as a supplier of rolled metal for Ford vehicles produced in Russia. MMK is successfully completing the process of accepting sheet steel from Ford Sollers Holding. The Russian automaker Ford expects to increase the supply of auto... 27.03.2015  13:57

• List of the world's best steel producers in February 2015 According to the latest statistics published by the World Association of Steel Producers, the steel output of 65 countries of the world, which reported the data to the Association, amounted to 127.626 million tons in February this year. These 65 countries accounted for approximately 98 percent of... 27.03.2015  13:19