Metallurgy news

• US Mint Records 469% Increase in Gold Bullion Sales The US Mint reported a colossal rise in gold bullion sales during the month of July. Sales were up nearly 470 percent year on year to reach 202,000 ounces of gold in July 2015, up from 35,500 ounces of gold sold in July 2014. In fact, July sales represented the highest growth rate in a year. In... 04.08.2015  13:15

• Scrap metal prices rise in Turkey despite weak rebar exports Turkey's scrap steel imports increased during the week and are supported by higher prices. Although the export of Turkish rebar remains calm. The offer price of Turkish rebar increased to $ 410 per tonne FOB after the increase in scrap prices in Russia. However, rebar buyers in East Africa do... 04.08.2015  12:12

• VMZ increased pipe production by 36 percent in the first half of the year In the first six months of 2015, the Vyksa Steel Works (AO VMZ), part of the United Metallurgical Company (AO OMK), Moscow, produced over 1.1 million tonnes of pipes, significantly increasing production. The growth in pipe production was 36 percent compared to the results obtained in the first half... 04.08.2015  11:31

• US steelmakers filed a complaint against South Korea and other countries The US steel industry has filed a complaint against South Korea for dumping and subsidizing cold rolled steel makers. The Korean government and local metal industry representatives, in turn, said the accusation was unfounded and ridiculous. According to the Department of Commerce, Industry and... 03.08.2015  12:51

• Stainless steel production in China in the first half of the year According to the China Stainless Steel Council (Special Steel Enterprises) Association (CSSC), China produced 10.759 million tonnes of stainless steel in the first half of 2015, an increase of 0.68 percent, or 72,000 tonnes, over the same period last year. ... These products include: Cr-Ni... 03.08.2015  12:25

• Zaporizhstal announces production results for July and 7 months of 2015 Zaporizhstal Metallurgical Plant, one of the largest producers of high-quality metal products in Ukraine, in July 2015 increased pig iron production by 14.4 percent to 310.3 thousand tons compared to the same period in 2014, when the output was 271.3 thousand tons. During July 2015, steel... 03.08.2015  11:55

• Zinc concentrate shortage could drive up zinc prices - Investec A recent study published by Investec predicts a supply shortage of zinc concentrate over the next few months. According to Investec experts, this shortage of supply will lead to higher prices amid the closure of some mines. In addition, Investec believes that the implementation of the Dugald... 02.08.2015  15:28

• Tasmania to build a new tire recycling plant Australia's Green Distillation Technology (GDT) plans to build a massive new tire recycling facility on the neighboring Tasmania island of Langford. Construction of the US $ 6.2 million plant is scheduled to begin in November this year. Operations at the facility are expected to begin next... 02.08.2015  14:31

• Technical re-equipment continues at Krasny Oktyabr Red October, a renowned manufacturer of special-purpose steels for various industries, aims to maintain its leading position in this sector by installing unique BOSIO furnaces. At the sheet metal finishing section of the sheet-rolling shop (OOLP) and in the metal rolling finishing shop (TsOMP),... 31.07.2015  14:07

• EU approves higher AD duties on stainless steel imports European Union member states supported the introduction of higher anti-dumping duties on imports of cold rolled stainless steel from China and Taiwan. Responsibilities are imposed following a complaint filed in May 2014 and a follow-up investigation launched in June. The European Union will levy... 31.07.2015  13:49