Metallurgy news

• Prospects for the use of steel in EU construction activities Growth in construction activity in the EU practically stalled in the second quarter of this year after a robust recovery in the first quarter, thanks to moderate weather conditions. Meanwhile, it is the construction sector that has become one of the main consumers of steel over the past three... 05.11.2014  13:33

• Ore exports from Port Hedland set new record in October Iron ore exports from Port Hedland in Western Australia reached a new all-time high in October 2014. Shipments from the port totaled 37.5 million tonnes during the month, surpassing the previous record of 37.4 million tonnes reached in August this year. Exports of ore to India rose sharply this... 05.11.2014  11:39

• POSCO introduces new hot rolling mill South Korea's largest steelmaker POSCO has officially launched its new hot rolling mill at Gwangyang, South Jeolla. The company claims that the main facilities of the plant, including the furnaces, are designed and built using its own technology. The cooling system installed in the new furnace is... 05.11.2014  11:19

• Alcoa modernizes aerospace manufacturing The world's third largest aluminum producer has decided to invest $ 190 million to expand its aerospace manufacturing facility, Davenport, located in Iowa. The project will begin in 2015, with the first production orders slated for 2017. Alcoa recently signed its largest contract with aerospace... 04.11.2014  14:35

• World stainless steel production to hit record high in 2014 Global stainless steel production is projected to hit a record 41 million tonnes in 2014, an increase of 7.8 percent from the previous record set last year, according to MEPS International. According to the MEPS, in the largest steelmaking regions, the total stainless steel production in 2014 is... 04.11.2014  13:13

• Brazil imposes import duties on seamless steel pipes from China The Chamber of Commerce, in coordination with the Brazilian Ministry of Industry and Foreign Trade, announced the final decision to impose an anti-dumping duty on seamless carbon steel pipes imported from China. Thus, the supplies of Chinese-made bronze pipe remained unaffected by the new... 04.11.2014  12:51

• Steel mills in Japan increase exports Japan's major steelmakers have been making higher profits recently as slower demand and inflated inventories have pushed them to sell more overseas, while exacerbating global glut and further price declines. Nippon Steel & Sumitomo Metal and JFE Holdings previously said they expect sales to pick... 03.11.2014  12:45

• Steel price in China falls to new low level - CISA According to the CISA, China produced 618 million tonnes of steel, 542 million tonnes of pig iron, 839 million tonnes of steel products during the first three quarters of this year, representing an annualized increase of 2.34 percent, 0.38 percent and 5.02 percent, respectively. In October,... 03.11.2014  12:00

• Severstal plans to build a new coating workshop in Cherepovets OJSC Severstal, one of the world's leading steel and mining companies, has launched a project to build a new coating workshop at the Cherepovets Metallurgical Plant. The total investment in the project will exceed 6 billion rubles. The complex of metal coatings will consist of a hot-dip... 03.11.2014  11:36

• Stronger steel demand is still foreseen in 2015 - EUROFER Economic growth in the EU remains weak in 2014, with particularly disappointing performance in the eurozone in recent months. This is because exports are the main driver of growth, not domestic demand. In the third quarter, the numbers are weakening, but show that the EU economy will continue to... 02.11.2014  12:24