Metallurgy news

• Yusco Increases Stainless Steel Prices In November Yieh United Steel Corp. (Yusco), the largest integrated stainless steel plant in Southeast Asia, announced a rise in domestic stainless steel product prices for November. At the same time, Yusco increases export prices by $ 80-100... 19.11.2016  11:06

• Abu Dhabi to build a new aluminum rolling mill Dubal Holding and Singapore-based industrial group MARS have announced plans to invest US $ 120 million in the Abu Dhabi industrial zone to establish a new rolled aluminum production facility. The plant will produce 65,000 tons of aluminum coils per year. Production will begin in the third... 19.11.2016  10:48

• Australia Increases Iron Ore Exports In October According to statistics, the volume of iron ore exported from the Australian port of Hedland totaled 41.57 million tons in October. Although, exports decreased by 0.6% compared to the previous month, but increased by 13.8% compared to the same month last year. Australia's iron ore exports from... 19.11.2016  10:40

• Rusal boosts alumina sales The world's leading aluminum producer, Rusal, has announced results for the third quarter and first 9 months. The total production of alumina for the reporting quarter amounted to 1,865 tons, while in the same period last year it amounted to 1.87 million tons. In the first 9 months of this year,... 18.11.2016  10:25

• Steel demand will increase in Russia in 2017 Steel demand in Russia is projected to resume growth in 2017. Apparent steel consumption is expected to increase by 2 percent year on year to 39.1 million tonnes, based on a modest increase in gross domestic product (GDP) next year. Steel demand in Russia has been declining for three consecutive... 18.11.2016  10:13

• US Ferrous Scrap Exports Down 5% In September Data from the US Department of Commerce for September this year show a significant decrease in the export of ferrous scrap compared to the previous month. At the same time, exports also fell by almost 5% compared to the same month a year earlier. However, cumulative exports for the first nine... 18.11.2016  10:01

• Coking coal price hits five-year high The price of coking coal and steam coal reportedly increased to $ 300 /ton, for the first time since 2011, when floods in Queensland severely curtailed Australian output. In the report, the price increase is explained by the decision of the Chinese government to restrict coal production, at... 17.11.2016  11:33

• Worldsteel presented its statistical yearbook 2016 Worldsteel has announced the publication of the Steel Statistical Yearbook 2016. World crude steel production was 1,620.408 million tonnes in 2015, while Asian crude steel production reached 1,112.872 million tonnes during the year. Crude steel production in other regions is as follows: EU-28... 17.11.2016  10:54

• China opposes EU anti-dumping practices The Chinese Ministry of Commerce recognizes the EU's decision on tariffs on seamless pipes as unfair and unjustified. The European Commission announced the introduction of new rules for calculating dumping, which will impose obligations on WTO members. Following the European Union's imposition... 17.11.2016  10:21

• Iran plans to achieve production of 55 million tons of steel by 2025 Iran, in the strategic plan for the development of the metallurgical industry, has determined that by 2025 it should have a design capacity of 55 million tons of steel. The increase in steel production capacity is associated with further industrialization and the presence of a huge market in the... 16.11.2016  10:15