Metallurgy news

• Japanese Metallurgists Support Nuclear Expansion Nuclear power, which accounts for nearly a third of Japan's electricity production, has been identified by Japanese Prime Minister Shinzo Abe as an important source of "base capacity." Even after public outcry over the Fukushima accident, Abe insists that nuclear power will continue to play an... 10.12.2014  11:02

• Mechel 9M 2014 Financial Results Mechel OAO, Russia's leading mining and metallurgical company that unites producers of iron ore and coal, steel, rolled products and ferroalloys, as well as electricity and heat, has announced its financial results for 9M 2014. Oleg Korzhov, General Director of Mechel OAO, said that this year... 10.12.2014  10:08

• Demand for high grade aluminum alloys is growing Shandong Nanshan Aluminum Co, an aluminum company, expects increased demand for high-grade aluminum alloys used in high-speed rail, aerospace and transportation sectors. The company is building an aircraft material industrial park that will be used by internationally renowned aircraft... 09.12.2014  19:20

• Stainless steel production in Russia responds to domestic demand According to the statistics of the Association Spetsstal, the production of stainless steel in Russia in January-October 2014 amounted to 103,200 tons, which is 19.8 percent lower compared to the same period last year. From January to October 2014, the production of stainless flat steel in... 09.12.2014  11:29

• Steel exports from China hit a new record Export deliveries of steel from China in November 2014 increased by 14 percent over the month and amounted to 9.72 million tons. Total exports in the first 11 months of 2014 reached 83.6 million tons, up 47 percent over the same period last year. Chinese steel mills have stepped up their steel... 09.12.2014  10:03

• Metinvest's position on the Ukrainian steel market According to the Metinvest group of companies, in 2015 its Ukrainian market for rolled metal products will decline by 15 percent. Dmitry Lippa, CEO of Metinvest Service Center Network, said: “We believe that the rolled steel market will continue to shrink in 2015 and will decline by 15 percent Y... 08.12.2014  11:31

• The fall of the ruble helps Russian metallurgical plants Russian metals and mining companies are avoiding a wide sell-off of their shares as a weaker ruble helps boost their export earnings. "Metallurgical and mining companies almost doubled their revenues due to the weakening ruble," said Kirill Chuiko, head of the financial group for stock market... 08.12.2014  10:40

• China's dependence on iron ore imports will be 80 percent in 2015 Iron ore imports to China will exceed 80 percent of total consumption in 2015, and iron ore prices will range from $ 70 - $ 100 per tonne, the China Metallurgy Planning Research Institute predicts. China's steel demand in 2015 will amount to 720 million tons, up 1.41 percent year on year.... 08.12.2014  10:03

• ALACERO: metallurgical production remains stable The latest published report by the Latin American Association of Steel Producers (ALACERO) shows that steel output in the region has remained unchanged since 2014. Steel consumption increased slightly, while the region's steel trade deficit continues to widen. According to ALACERO data, steel... 08.12.2014  09:30

• Philippines Expands Nickel Production With Increased Demand From China The unprecedented level of demand for nickel ore from China has provided a significant market for nickel miners in the Philippines looking to expand their exports. They are also putting pressure on the government to create conditions for the development of the country's mining industry and to take... 07.12.2014  11:32