Metallurgy news

• High electricity prices could hurt the Slovak steel industry - experts Steel production has been and will remain one of the pillars of the Slovak industry, without which it is impossible to ensure a stable economy and employment, according to the country's Ministry of Economy. The steel industry employs over 23 thousand people, accounting for 10 percent of the total... 15.06.2014  12:06

• Under the influence of the military actions in Iraq, the prices of gold and oil rose sharply Gold prices on the London Stock Exchange jumped to new highs of $ 1,277 an ounce, gaining about 2.2 percent over the week, the best result since March, while Asian stock markets closed even higher after Iraqi insurgents captured cities near Baghdad. Silver strengthened at around $ 19.54 an ounce... 14.06.2014  12:20

• EU metallurgists reset some of the closed blast furnaces EU metallurgists have reopened nearly half of the blast furnaces that were shut down amid the financial crisis and held back the sector's recovery, weighed down by overcapacity and high energy prices. This year alone, ArcelorMittal, the largest steel producer in the world, is restarting blast... 13.06.2014  12:16

• The metallurgical industry suffers from a shortage of skilled workers Skilled labor shortages can be a serious problem for the steel industry in many countries around the world. For example, in India, more than 28,500 workers will be required to increase the annual capacity of the steel industry to 300 million tons within 10 years. The local steel industry estimates... 13.06.2014  11:57

• Brazilian flat steel imports hit record high Brazilian imports of flat rolled steel increased significantly during the month of May this year. According to the latest figures released by the Brazilian customs authorities, the country's imports of sheet steel rose by almost 143 percent over the previous year. Imports of cold rolled coils... 13.06.2014  11:04

• American exports of scrap steel increased in April Exports of scrap metal from the United States rose significantly during April this year, according to the latest government data released. According to these data, the export of scrap of the country during the month amounted to 1.34 million tons. Exports of scrap increased by 36.7 percent compared... 12.06.2014  11:50

• BlueOak opens high-tech e-waste recycling facility Discarded computer parts and other electronic devices contain tons of precious metals such as gold and silver. BlueOak, Arkansas, announced that it is about to open a first-of-its-kind e-waste recycling plant in Osceola. The company's business will focus on the extraction of precious metals from... 12.06.2014  11:22

• Latin American imports of finished steel from China increased by 78 percent The latest statistics released by the Latin American Steel Association (ALACERO) indicate that imports of finished steel products from China increased significantly during the month of April this year. Imports between January and April have jumped significantly this year over the previous... 12.06.2014  10:38

• Japan's imports of stainless CRC rose 33 percent in April According to the latest statistics released by the Japanese Ministry of Finance (MoF), imports of stainless cold rolled coils (CRC) of the country increased significantly in April 2014 compared to the previous year. Japan imported 10,214 tons of CRC stainless in April this year. Compared to the... 11.06.2014  12:04

• Aggressive Chinese steel prices set the tone for the world China's lazy domestic steel market and the push for production by Chinese enterprises, which totaled 68 million tonnes in May, are setting the stage for increased exports. In January-April 2014, export shipments were already up 29 percent yoy to 25.87 million tons, according to the National... 11.06.2014  11:41