Metallurgy news

• Global nickel production and consumption will grow in 2015 - INSG Participants in the meeting held last week as part of the International Nickel Research Group (INSG) meeting in Lisbon, Portugal, predict a significant rise in global nickel production and use in 2015. According to INSG, the improvement in the economic situation around the world has led to an... 21.10.2014  11:54

• India Delays POSCO Plant Construction Permit The Indian government has again postponed its decision to grant a license to South Korean POSCO to mine iron ore, requesting further clarification from government officials in Odisha, where the South Korean company has been postponing a $ 12 billion steel plant for years. The project has been under... 21.10.2014  11:06

• US breaks off treaty with Russia on special conditions for imports of hot rolled steel The US Department of Commerce (DOC) announced the termination of the contract for the supply of hot rolled steel products from Russia. The suspension of the 15-year agreement will take effect 60 days after the announcement, after which the import of HRC from Russia must comply with the general... 21.10.2014  10:16

• Global copper market will be in surplus in 2015 - Cochilco The Cochilco Copper Commission predicts further growth in the global copper surplus in the market in 2015. The Commission claims that in 2014 there will be a surplus of 125 thousand, which is likely to more than triple in 2015 and reach 429 thousand tons. This is due to new facilities and... 20.10.2014  10:43

• The Kaliningrad enterprise BMK has launched a plasma cutting machine At the end of October this year, the Kaliningrad enterprise LLC "Baltic Metallurgical Company" plans to launch innovative technical equipment, a plasma cutting machine for sheet metal. For the productivity of the metalworking workshop, this will be a real breakthrough, since this modernized... 20.10.2014  09:17

• The mine came under fire After the resumption of work, the Komsomolets mine in Kirovsky, which is located in the Donetsk region of Ukraine, was subjected to shelling from large artillery pieces. All the miners who were doing the work at the time of the attack below were brought to the surface in time. According to... 20.10.2014  09:09

• Updated EVRAZ Russian Steel Production Data In the 3rd quarter of 2014, steel production decreased by 2 percent compared to the 2nd quarter as a result of a decrease in pig iron output due to unscheduled maintenance work at one of the EVRAZ blast furnaces. Production of steel products, excluding re-rolled products, also decreased by 2... 19.10.2014  15:05

• Chinese steel imports to Latin America rise 54 percent According to statistics from the Latin American Steel Association (ALACERO), imports of steel products from China increased significantly during the first eight months of 2014. Steel imports to Latin America from China totaled 5.4 million tonnes between January and August this year, up 54... 19.10.2014  14:38

• Sibgazstroydetal expands its product line Sibgazstroydetal plant has started production of tees, elbows and other fittings from stainless steel. The products are intended primarily for the oil and chemical industries, nuclear and thermal power engineering. The maximum diameter of the products is 7 meters. The enterprise will produce up to... 18.10.2014  16:42

• MMC Norilsk Nickel sells another foreign asset MMC Norilsk Nickel and BCL Limited on October 18 in Johannesburg signed an agreement on the sale of Norilsk Nickel's African assets in Botswana and South Africa. The amount will amount to $ 337 million. MMC Norilsk Nickel is selling to BCL Limited 50 percent of Nkomati Nickel and ChromeMine in... 18.10.2014  16:38