Metallurgy news

• Novelis selected as aluminum supplier for new Jaguar XE The Jaguar XE was recently launched in Europe. Novelis Europe Auto, a subsidiary of American aluminum company Novelis, has announced that the new Jaguar XE is the first mid-range model to use aluminum heavily for its body structure. The car's structure is made from the Novelis Advanz 6000 series... 18.12.2014  10:22

• Eurofer demands a tax on Chinese rebar The EU steel industry group, Eurofer, wants to impose a tax on imports of Chinese rebar, due to unfair pricing of products, which could lead to tensions in trade relations between Europe and China. Eurofer decided to take action against trade in rebar below intrinsic value in about 28 countries.... 18.12.2014  09:44

• RUSAL announces acquisition of Timano shares RUSAL announces the completion of a transaction with the Fund for the Support of Investment Projects in the Komi Republic in order to receive the remaining 20 percent of Timan's Boksit shares. The completed transaction provided RUSAL with the right to own 100 percent of the Timano mine. The deal... 17.12.2014  11:47

• Metalloinvest renews MGOK's license until 2034 Metalloinvest announced the renewal of its subsoil use license for the Mikhailovsky GOK mining operations in the Kursk region, Russia. The license was extended by the Subsoil Use Department for the Central Federal District and is valid until December 31, 2034. Previously, the license was granted... 17.12.2014  11:14

• Japanese steel giants plan to expand their production in Indonesia Major metallurgical companies Nippon Steel & Sumitomo Metal Corporation and Mitsubishi Steel decided to invest in the creation of new facilities in Indonesia. These two steel titans, based in Japan, are going to invest 450 million dollars in the construction of specialized metallurgical plants and... 17.12.2014  10:10

• Zinc Deficit Increases As Supply Decreases Zinc prices rose on the London Metal Exchange (LME) due to a lack of supplies from Peru following a strike at the Antamina zinc-copper mine, which supplies most of the zinc supply from Peru. Zinc shipments are declining day by day, and according to the London Metal Exchange, the amount of zinc... 16.12.2014  21:56

• USA ITC Ratifies Import Duties for Steel Wire Products from China States The US International Trade Commission (US ITC) on Monday decided to impose anti-dumping and countervailing duties on imports of steel rods and wire from China. According to the Commission, Chinese imports of these products harm the country's metallurgical enterprises. Therefore, the... 16.12.2014  12:31

• Iron Ore and Oil Reach 2008/2009 Financial Crisis Levels Oil, iron ore and coal are now at the price level since the start of the 2008/2009 financial crisis, signaling not only an oversupply of raw materials, but also the weakness of the global economy, analysts say. Raw materials are particularly sensitive to the health of the global economy. Oil and... 15.12.2014  11:15

• Indonesian tin exports fell to multi-year lows Indonesian tin exports in November 2014 fell to their lowest level since April 2007. According to statistics released by Indonesia's Ministry of Commerce, the country's tin exports totaled only 464.98 tons, a sharp drop of 93 percent from the previous month. In October this year, the country... 15.12.2014  10:22

• Scrap metal prices fall in the US Average monthly scrap prices for domestic shipments fell $ 24.25 per tonne in November to $ 330 per tonne, a 6.8 percent drop from the previous month. The monthly average price is currently down $ 49 per tonne since September. The domestic scrap metal market in the United States has long been... 15.12.2014  09:57