Metallurgy news

• Vale Will Increase Yield of High Iron Ore Brazilian mining giant Vale SA said last week that it will expand its iron ore capacity to 450 million tonnes from its current 340 million tonnes over two years to gain more market share, realizing that this could also lead to to reshuffle and shake up the industry. President Murillo Ferreira... 07.06.2015  14:51

• Kazakhstan seeks to obtain Chinese loans for the implementation of copper and aluminum projects Albert Rau, Deputy Minister for Investment and Development of Kazakhstan, said the government is seeking about $ 3 billion in loans from China to build two new plants to increase copper and aluminum production in the Central Asian country. “We did our best to prove to them that it is more p... 07.06.2015  14:34

• Samsung will use high-strength aluminum in smartphones For the first time, Samsung's latest Galaxy S6 and S6 smartphones will feature a case made of high-strength aluminum. The cell phone maker has struck a deal with one of the leaders in the aluminum industry, Alcoa Inc (Alcoa). The company, with its corporate headquarters in New York, is the third... 07.06.2015  13:50

• Russia is going to increase its foreign exchange reserves Over the past year, the Central Bank of Russia has been the main buyer of gold bullion, and this trend will continue for the near future. According to media reports, Elvira Nabiullina, the chairman of the central bank, said there are plans to increase foreign exchange reserves to $ 500 billion over... 05.06.2015  12:40

• Evraz temporarily suspends production at a plant in the USA Russian steel company Evraz is temporarily suspending operations at its North American production base in Pueblo due to weak demand. A company spokesman said we have temporarily scaled down steel production at our Pueblo site for one week to keep up with falling demand. About 100 employees will... 05.06.2015  12:06

• NLMK may redirect EU transformer steel exports to India The Russian steel producer NLMK may redirect part of the export volumes of transformer steel from the European Union to India due to the duties imposed by the European Union on the supply of these Russian products, as stated by NLMK President Oleg Bagrin. He added: “There is also potential to i... 05.06.2015  11:42

• Gold mining is vital to the global economy According to a report from the World Gold Council (WGC), the global community should be interested in a strong and reliable gold mining industry. Gold mining had a direct contribution of $ 83.1 billion to the global economy last year, and given the indirect impact, that figure reached $ 171.6... 04.06.2015  13:11

• Iran can use the Turkish Stream to supply gas to the EU Iran is considering using the Turkish Stream pipeline, which is being developed by Russia, to supply gas to Europe, Azizollah Ramezani, director of communications for the National Iranian Gas Company, said on the sidelines of a gas congress held in Paris. He said that "This could be a common... 04.06.2015  12:32

• Interpipe speaks of a deficit of scrap metal in the domestic market During the past period of 2015, Ukrainian metallurgical enterprises continue to experience a shortage of ferrous scrap. Thus, the deficit in the supply of this raw material for steel producers amounted to 67,000 tons in April alone, which indicates that supplies are 17 percent lower than needs. At... 04.06.2015  11:39

• The service sector began to expand in Russia The activity of services in Russia, including metalworking, has been increasing for the second month in a row since April this year. The sector is growing at the fastest pace in 17 months thanks to stronger demand and higher orders, in line with the Purchasing Managers Index (PMI). The main... 03.06.2015  15:48