Metallurgy news

• Codelco Announces Copper Mine Investment Review Chilean company Codelco, the world's largest copper producer, is revising its $ 23 billion investment portfolio and will announce changes to its development plan over the coming months, CEO Nelson Pizarro said. This is due to President Michelle Bachelet's support for the state-owned mining... 26.10.2014  12:10

• Oversupply of iron ore in China is killing domestic miners Iron ore production in China has been declining since April due to the closure of many mines in the country, according to a fundamental analysis by Goldman Sachs Group Inc, but commodities continue to be shipped in surplus by sea. Iron ore output from mines in China is down more than 20 percent... 26.10.2014  11:17

• Ultrasonic testing at the sheet-processing section of OJSC Ashinskiy metallurgical plant After the modernization of the rolling equipment, an ultrasonic control unit (UZK) is functioning at the hot-rolled sheet processing section in the sheet-rolling shop No. 1 of OJSC "Ashinskiy metallurgical plant". As you know, ultrasonic quality control units were mainly used in the quality... 26.10.2014  10:39

• USITC Rejects US Anti-Dumping Duty on Electrical Steel Imports The United States International Trade Commission (USITC) said that the industry has not suffered materially, and for the foreseeable future does not see any danger from the import of textured electrical steel from countries such as the Czech Republic, Russia, South Korea and China. The US... 25.10.2014  17:26

• Century Aluminum acquires full ownership of Holly's South Carolina plant Century Aluminum will take full control of the 229,000 tpa capacity of Holly's South Carolina aluminum smelter as part of an agreement with co-owner Alcoa to acquire the facility for $ 67.5 million in cash. The deal, which will increase Century's North American capacity and add value to its product... 24.10.2014  13:42

• South Korea's HRC imports rise sharply in September - KOSA According to the latest figures published on the website of the Korea Iron and Steel Association (KOSA), imports of hot rolled coils (HRC) into the country rose sharply during the month of September 2014. South Korea imported 492,000 tonnes of hot rolled coils in September. September 2014... 24.10.2014  12:59

• Outokumpu cuts European surcharges on stainless steel The largest stainless steel producer on the European continent, Outokumpu, based in Finland, has set a new correction factor for alloy type 304 (4301). For flat products, the decrease is approximately $ 163 per tonne from the previous price, or € 129 from October. As a result of the ban on the e... 24.10.2014  12:43

• Metinvest prepares for significant losses as a result of the conflict in the East of Ukraine The largest private mining and metallurgical group of Ukraine Metinvest in the second half of 2014 will lose several hundred million dollars in income due to the military conflict in the industrial center of the country. After months of fighting between government forces and separatists in... 23.10.2014  12:19

• JNARDDC launches production of super conductors from aluminum and building materials from red mud On the basis of the complex studies of the Jawaharlal Nehru Design Center and the Center for the Development of Metal Technology in Hyderabad, a new technology for producing an aluminum alloy has been developed, which is capable of increasing the power transmission power of high-voltage tension... 23.10.2014  11:43

• Steel production in Asia rises in September Steel production in Asia rose 0.9 percent during September on an annualized basis, according to data released by the World Steel Association. China's total crude steel production during September was 67.540 million tonnes, unchanged from September 2013 production. India produced 6.846 million... 23.10.2014  10:57