Metallurgy news

• Will duty-free access to the US market help Ukrainian metallurgists? Washington is resuming the GSP, a Generalized System of Preferences that was developed back in the 70s for the poorest economies so that they could export their products to the United States without paying duties. However, in 2013, this program was suspended, and now began to operate from July 29,... 09.07.2015  12:29

• China's domestic steel prices hit their lowest level in 20 years According to industry sources, China's steel prices are at their lowest in more than 20 years. The composite price index for eight steel products compiled by the China Iron and Steel Industry Association (CISA) fell 65.28 points last Friday. The index is based on 1994 base prices, which means... 08.07.2015  13:07

• MMK shipped 5 million tonnes of steel products from mill 5000 The Magnitogorsk Iron and Steel Works shipped to consumers the 5 millionth ton of steel products from its 5000 hot rolling mill. The products of the 500 mill are most in demand among pipe manufacturers, and are also in demand in mechanical engineering, shipbuilding, and bridge building. Within... 08.07.2015  12:29

• Tough times await the global long products market - IREPAS According to the International Association of Manufacturers and Exporters of Valves (IREPAS), in the second half of 2015, the global bar market will face a more difficult situation than in the first half of the year. The deteriorating political and financial situation in some countries of the world... 08.07.2015  11:04

• Recycled aluminum Olympic torch In a special ceremony held in the capital of Brasilia, the Rio 2016 Olympic torch was presented by Brazilian President Dilma Rousseff. The Olympic torch was specially created by Shel & Hayashi for the Olympic Games to be held next year in Rio de Janeiro. Guests from many countries will arrive in... 07.07.2015  17:04

• Strong demand for rare earth metals expected in China A recent research report by Shenyin Wanguo Securities, a stock holding company, predicts that Chinese demand for rare earths is likely to see strong growth, reaching 150,000 tons by 2020. The development of wind power and new vehicle industries will boost demand for rare earth metals, alloys of... 07.07.2015  15:01

• RUSAL is modernizing powder metallurgy facilities As part of the investment programs launched by RUSAL in 2015, 160 million rubles were allocated to modernize the powder production at the Volgograd Aluminum Plant (VgAZ). One of the areas of modernization at VgAZ is to expand the range of manufactured aluminum powders and pastes, which are used for... 07.07.2015  13:27

• Azerbaijan starts exporting steel The Azerbaijani steel producer, Azerbaijan Steel Production Complex (ASPC), reports that the country is starting to export steel, transforming from importing steel products to exporting them. According to the management of ASPC, this process will contribute to improving the efficiency of the... 06.07.2015  14:42

• POSCO reaches 800 million tonnes of steel output South Korean steel company POSCO said it has crossed over 800 million tonnes of steel products in nearly 43 years since production began in 1972. POSCO has contributed to the industrialization of Korea over the past 43 years and continues to support the country's overall economic growth. By... 06.07.2015  11:45

• Reducing the price of sponge iron The fall in the price of iron ore, coal and steel led to a decline in the price of sponge iron. Continuing weak demand from the steel industry in June pushed the price of sponge iron down 6 percent, bordering on production costs. Experts believe that the price of raw materials used to make steel... 06.07.2015  10:24