Metallurgy news

• The price levels for the supply of billets across the Black Sea began to decline After the first reports about the normalization of supplies from billet mills, the current supply levels of billets fell. Supply levels are reported to have dropped nearly $ 10 per tonne to an upbeat $ 490 per tonne. Some factories are reported to be offering lucrative discounts on October... 26.09.2014  11:55

• Falling steel consumption in China foreshadows trouble for the global steel industry Steel consumption in China fell this year for the first time since at least 2000, due to the country's slowdown in economic growth. Total crude steel consumption in China, the world's largest consumer and producer of alloys, fell 1.9 percent year on year to 61.9 million tonnes in August and 0.3... 26.09.2014  11:20

• ArcelorMittal in Galati starts production revival next year ArcelorMittal Galati, the largest steel mill in Romania and part of the ArcelorMittal group, is targeting a 15 percent increase in steel output in 2015, following a major technical redesign of its production with a major investment. For the first time in the past five years, the company raised the... 26.09.2014  10:51

• India aims to produce 300 million tonnes of steel by 2025 The official policy of the new government will be able to turn the dream of increasing annual steel production to 300 million tons by 2025 into reality. Indian Metallurgy Minister Vishnu Deo Sai said at a recent conference that the government is working hard in this direction. Although there are... 26.09.2014  10:18

• Russia increases gold reserves for 5th consecutive month - IMF In August of this year, Russia increased its gold reserves for the fifth month in a row, and Kazakhstan raised its reserves by more than half a million ounces, according to data from the International Monetary Fund. Russia, the fifth largest holder of gold bullion, added 232.510206 ounces of... 25.09.2014  10:26

• China's largest producer of rare earths and non-ferrous metals receives government subsidies China's Rising Nonferrous Metals Group received 18.75 million yuan or $ 3.05 million in government subsidies. The company reported this to the Shanghai Stock Exchange. Subsidies were offered to subsidiaries of the company - Guangdong Fuyuan Rare Earth New Material Co. and Pingyuan Huaqi Rare Earth... 25.09.2014  10:00

• Asia's steel production rose 1.7 percent in August this year According to the latest data released by the World Steel Association, steel production in Asia increased by 1.7 percent during August on an annualized basis. China's total crude steel production in August reached 68.910 million tonnes, up 1.0 percent from 68.228 million tonnes in August 2013.... 25.09.2014  09:09

• Rusal expects a global aluminum deficit of up to 1.3 million tons in 2015 Russian United Company RUSAL predicts a global aluminum deficit of 1.3 million tonnes in 2015, which will determine the level of metal prices, as the first deputy CEO said this week at an industry event in Abu Dhabi, the capital of the United Arab Emirates. ... Vladislav Soloviev, who has held... 24.09.2014  10:48

• Rio Tinto continues to expand in Mongolia The company controls 66 percent of the Oyu Tolgoi (OT) joint copper and gold complex in Mongolia. Ivanhoe Mines and Rio Tinto reached an overarching agreement to complete the accelerated, full-scale construction of the first phase of the OT copper-gold complex in southern Mongolia, which has... 24.09.2014  10:00

• World steel production rose 1.4 percent in August 2014 According to the latest statistics released by the World Steel Association, steel production by 65 member countries smelted 134.956 million tonnes in August this year, up 1.4 percent over the same month the previous year. The total volume of crude steel production in the EU-28 countries in... 24.09.2014  08:48