Metallurgy news

• Rusal hits record profits in Q2 Russian exporting companies benefit from the devaluation of the ruble. The world's largest aluminum producer, Rusal, achieved a record profit with an increase of 158 percent. Russian aluminum producer Rusal achieved these results thanks to a decline in the value of the ruble against the dollar... 31.08.2015  12:12

• USA increased steel imports in July The US imported a total of 3,243,000 tons of steel in July 2015, an increase of 5 percent. According to preliminary data from the American Iron and Steel Institute (AISI), the United States imported a total of 3,243,000 tonnes of steel in July 2015, including 2,578,000 tonnes of finished steel... 30.08.2015  13:09

• Tin shipments from Myanmar declined in July Exports of tin ore and concentrate from Myanmar declined slightly during July this year to China, which is the largest importer of these raw materials. However, Chinese imports of tin ore and concentrate from Myanmar experienced marginal declines during July this year. Imports from Myanmar... 30.08.2015  12:29

• Copper demand will recover only at the end of 2016 Santiago: The Minister of Mines of Chile, the largest copper producer, said that the price of copper could only recover from the recent downturn at the end of 2016. Speaking to reporters in Santiago, the minister noted that global markets should return to deficits by the end of next year. The... 30.08.2015  11:51

• EU anti-dumping duties do not help local stainless steel production Despite anti-dumping duties imposed on imports of cold rolled stainless steel from China and Taiwan, local factories in Europe continue to grapple with poor demand from a slowdown in the global economy led by China. In 2013, EU imports from China and Taiwan accounted for up to 17 percent of the... 29.08.2015  15:12

• Tensions rise in the US in the steel sector Next week, 30,000 US steelworkers are due to expire, including 2,300 at ArcelorMittal's Minnesota plant, which is now in its worst situation in years. Steelworkers rallies erupted across the country, including in Minnesota. This month, a Pennsylvania stainless steel plant, Allegheny Technologies,... 29.08.2015  14:48

• Severstal to invest 150 million rubles in a museum of advanced steels Severstal, one of the world's leading steel producers, is announcing the opening of the first of its kind metallurgical museum in Russia, designed to attract young talent to the rapidly growing industry. Severstal has already invested almost 150 million rubles in a project that should show young... 29.08.2015  13:00

• US Steel Production Falls Compared To Last Year According to the latest data from the American Iron and Steel Institute (AISI), the United States cut crude steel production by nearly 10 percent year on year to 1,742,000 tonnes in the week ended Aug.22, and a capacity utilization rate of 72.9 percent. According to AISI, production for the week... 28.08.2015  13:25

• China plans to shake up the aluminum industry China is pushing two of its largest aluminum smelters to merge as it restructures its public sector to create the world's largest aluminum producer. State Power Investment Corp (SPI) is in talks to divest its aluminum assets and merge with Aluminum Corp of China (Chinalco), allowing SPI to focus... 28.08.2015  12:44

• Largest Lead Acid Recycling Plant to Open in Nevada Aqua Metals has begun construction of a lead acid battery recycling facility in McCarran, Nevada. The company expects to start production in the second quarter of 2016. Aqua Metals expects to achieve a yield of 80 tonnes of lead in the fourth quarter of 2016. This state-of-the-art facility will... 28.08.2015  11:38