Metallurgy news

• Experts discuss Russia's potential for mining rare earth metals on the Moon Russia plans to resume exploration of the Moon in 2016, assuming a manned flight in the future. Experts believe that the ultimate goal of Earth satellite exploration is the mining of rare earths used in a variety of industries, including green technology, defense systems and consumer... 17.11.2014  11:28

• POSCO plans to build a new plant in India South Korean steel giant Posco has selected Sanand in Gujarat to build a new steel plant. Posco is planning an investment of $ 20 million. POSCO Sanand will be the second site in India alongside Pune Maharashtra. According to the government, Posco's coiled steel plant will cover an area of... 17.11.2014  10:22

• US DOC Confirms Import Duties for Wire Rod from China The US Department of Commerce (DOC) has decided to impose high duties on wire rod imported from China. The decision was applauded by the American Iron and Steel Institute (AISI). Low-priced Chinese products have flooded US markets, causing significant damage to domestic wire rod producers in the... 17.11.2014  09:17

• Updated NLMK data on long products In the third quarter of 2014, total sales in the long steel segment at NLMK decreased by 18 percent to 608,000 tonnes. This decrease in product sales in Q3 2014 is due to the end of the construction season, a decrease in the share of direct sales and an increase in the share of sales through retail... 16.11.2014  18:42

• Steel market strives for a new price segment in 2014 Towards the end of 2014, the steel market is approaching some new lower price ranges. There are not many factors in favor of improving demand in the near future, and pressure from the Chinese continues. Steel producer prices are falling along with prices for scrap and semi-finished products, as a... 15.11.2014  18:16

• Novelis switches to a high level of aluminum reuse Novelis, a leading manufacturer of rolled aluminum and a global leader in beverage cans, has announced that it will recycle and convert all of its cans products. The move is intended to support the industry's transition to a high proportion of recycled aluminum. Novelis claims that by the end of... 15.11.2014  12:24

• China increases imports of bauxite from Malaysia by 1103.7 percent in 1-3 quarters of 2014 China is finding an alternative to bauxite from Indonesia in response to the country's export ban earlier this year by increasing imports from Malaysia. China's bauxite imports from Malaysia hit a record 566,000 tonnes in September 2014, representing a monthly growth of 104 percent. Chinese... 14.11.2014  11:06

• Japan's HRC Exports Up 12 Percent In September According to statistics released by the Japanese Ministry of Finance (MoF), exports of hot rolled coils (HRC) from the country increased sharply during September of this year. Treasury data show that HRC exports from Japan totaled 990,601 tonnes during the month, up 11.9 percent from exports in... 14.11.2014  09:35

• EVRAZ NCSP handled 7.7 million tons of cargo from January to October The stevedoring company said that EVRAZ Nakhodka Commercial Sea Port handled 7.7 million tonnes of cargo between January and October, an increase of 25 percent over the same period in 2013. At the same time, export supplies of coal processed at the terminal increased 1.5 times to 4.5 million... 13.11.2014  11:44

• A significant jump in copper prices is only possible in 2019 - CRU A recent study published by CRU Group predicts a further decline in the price of copper over the next 18 to 24 months. Prices are likely to recover only in 2019, when appetites outweigh the supply of the metal. According to the report, the decline in copper prices has not yet bottomed out. In... 13.11.2014  10:51