Metallurgy news

• Severstal to supply SSAB magnesia pellets Karelsky Pellet, Russia's leading iron ore processing plant, part of PJSC Severstal, has signed a three-year contract for the supply of magnesia pellets to the Swedish-Finnish SSAB group for three years, starting in September 2015. SSAB specializes in the production of high-strength and... 24.07.2015  12:28

• India has no plans to further increase import duties on steel India's finance ministry ruled out an increase in import duty on steel despite a whopping 205 percent increase in imports from China during the previous fiscal year. "Further increases in import duties will affect the processing industry. This will raise the price of final products, which in turn... 23.07.2015  15:11

• World nickel market in abundance Global nickel production exceeded demand in the first five months of this year, and the global nickel market was at a surplus of 19,000 tonnes in January-May 2015. For 2014, the total surplus was 196,100 tons, according to the latest data published by the World Bureau of Metals Statistics (WBMS).... 23.07.2015  12:44

• China launches anti-dumping investigation on electrical steel imports China's Ministry of Commerce said it has launched an anti-dumping investigation into the import of grain-oriented electrical steel from South Korea, Japan and the European Union. Chinese authorities are about to investigate whether imports of textured flat-rolled electrical steel from these... 23.07.2015  11:43

• Worldsteel: crude steel production in June 2015 World crude steel production from the 65 countries reported by the World Steel Association (Worldsteel) was 136 million tonnes in June 2015, down 2.4 percent from June 2014. World crude steel production in the first six months of 2015 reached 813.0 million tonnes, down 2.0 percent compared to... 23.07.2015  11:29

• Trubodetal plant named the winner of the industry competition The Trubodetal plant (Trubodetal, Chelyabinsk, part of the United Metallurgical Company, OMK, Moscow) became the winner of the XII industry competition High Social Efficiency Mining and Metallurgical Complex Enterprise in 2014 in the nomination Environmental protection and resource conservation... 22.07.2015  15:32

• Turkish exports of HRC are falling According to data released by the Turkish Statistical Institute (TUIK), exports of hot rolled coils (HRC) from the country fell sharply during May of this year. TUIK data show that HRC exports totaled 92,521 tonnes during the month. This is 50.8 percent less compared to exports in the previous... 22.07.2015  14:57

• Copper production continues to grow - ICSG The International Copper Research Group (ICSG) released its July newsletter reflecting the state of the global copper market. Global refined production increased by almost 3 percent in the first four months of 2015. Primary production rose 2 percent, while secondary production increased 8.5... 22.07.2015  14:38

• Tightening emission standards should reduce steel production in Hebei province The stricter emission control measures implemented by the Chinese environmental authorities in Tangshan City are likely to reduce steel production in the region. New emission limits could lead to the closure of a large number of furnaces and factories in the city, thus resulting in a significant... 21.07.2015  12:58

• Iraq is the biggest problem in the oil market in - JP Morgan Last week, Iran signed a nuclear deal with several world powers, which, among other things, will allow the country to increase its oil production for export. Analysts began to worry that the additional source was estimated at 400,000 barrels per day. According to Goldman Sachs, this could worsen an... 21.07.2015  12:39