Metallurgy news

• Russian exports of stainless steel fell in January-April In the first four months of 2015, Russia exported 927 tonnes of stainless steel, which represents a 67 percent drop in export shipments year on year, according to the Special Steels Association. Russian exports of stainless products also decreased during 2014 by 31.2 percent to 8647 tons, compared... 21.05.2015  10:44

• Chinese steel mills triumph in Europe The European Union is fighting a tough fight against dysfunctional steel demand in the end-use segment as the economy struggles to survive and even grow in some countries. A sharp drop in industrial growth and demand from key consumers of the metal, namely construction and auto production, worsened... 21.05.2015  09:46

• Ferrous scrap market statistics - BIR The Bureau of Recycling International (BIR) has published a report: "World Steel Recycling in Figures". The report was presented at the World Recycling Convention in Dubai and provides a comprehensive analysis of scrap metal markets around the world. According to the report, global crude steel... 20.05.2015  12:28

• Russia will increase production of rare earth metals Russia possesses significant reserves of rare earth elements, but still produces quite a bit. China controls the rare earth market. The demand for these products is growing rapidly, and Russia can take advantage of it, according to industry experts. Often, when talking about the largest... 20.05.2015  11:09

• POSCO identifies key steps to increase profits in 2015 POSCO is a large steel manufacturer headquartered in South Korea. In contrast to the weak forecasts for US GDP, the estimate for the South Korean economy predicts 3.8-4.0 percent growth for both 2015 and 2016. Under these conditions, POSCO is well positioned given its deep-rooted position in the... 20.05.2015  10:16

• Turkish rebar exports rose sharply in March The monthly import and export statistics published by the Turkish Statistical Institute (TUIK) show that the export of rebar from the country increased significantly during March and the first quarter of this year. Imports of billets and slabs also showed growth over the reporting... 19.05.2015  12:00

• Norilsk Nickel presented an update to its annual strategy Norilsk Nickel, the world's largest producer of nickel and palladium, presented to the investment community a corporate strategy aimed at increasing the company's shares and strengthening its leadership in the industry. The main directions of the strategic initiatives will be the modernization... 19.05.2015  11:28

• Steel price fell to 12-year low in China Chinese prices for steel products, used primarily for home and building construction, fell to a 12-year low as demand from the world's largest steel consumer is peaking in the construction season. This trend will inevitably affect world steel prices. The average rebar price fell to 2,458 yuan ($... 19.05.2015  09:16

• Military scrap metal in the USA All nuclear powered ships in the US Navy sooner or later go to the Puget Sound Naval Dockyard in Bremerton, Washington, where they reach the end of their lives. Since the early 1990s, the shipyard has developed a reprocessing plan and has independently disposed of old submarines and cruisers that... 18.05.2015  12:22

• Kobe Steel plans to start merger of construction equipment companies Kobe Steel Ltd, the 5th largest steel producer in Japan and 15th in the world, announces the reorganization of its subsidiaries. Kobelco Construction Machinery Co., Ltd. and Kobelco Cranes, Ltd. agreed to begin consideration of a business combination with the aim of integrating the two companies... 18.05.2015  11:23