Metallurgy news

• Rusal reported profit in Q1 Rusal made a net profit of $ 228 million in Q1 2015, up from a loss of $ 246 million in the same period last year, according to a report on the Hong Kong Stock Exchange. Rusal's profit was driven by higher LME aluminum prices, ruble depreciation and cost control, although the largest aluminum... 14.05.2015  09:38

• Belarus and Turkey are going to significantly increase the production of tin The commissioning of new factories in Belarus and Turkey will significantly increase the production of electrolytic tin. The new lines will ensure the growth of exports from these countries to the CIS and the European Union. The two facilities together are expected to add 495,000 tonnes of tinplate... 13.05.2015  15:14

• Severstal knocks out equipment from CMI Industry The new complex of metal coatings will be built at the site of the Cherepovets Metallurgical Plant, the largest integrated steel plant in the Severstal division. The Belgian company CMI Industry was selected as a supplier of technological equipment. The complex consists of a continuous hot-dip... 13.05.2015  11:58

• ThyssenKrupp Expands Investment in China's Steel Sector German industrial group ThyssenKrupp has agreed to buy a stake in a Chinese steel company to strengthen its position as a supplier of products to carmakers in southwestern China. Other areas in which ThyssenKrupp is experiencing strong growth and leading the market in China include slewing bearings... 13.05.2015  09:53

• Baosteel keeps June product prices unchanged In China, major steelmaker Baoshan Iron & Steel will maintain current prices for its main products in June. The company said it will keep the price of hot coils and cold rolled coils for some brands unchanged. Cooling economic growth, in line with government plans, and a downturn in the real... 12.05.2015  11:34

• Ukraine doubled gas imports from Russia Alexey Miller, CEO of Gazprom, said gas supplies to Ukraine doubled in May after Hungary and Poland suspended reverse supplies. Miller said Ukraine's demand for Russian gas has nearly doubled since May 1. Gas supplies from Russia to Ukraine were less than 9.2 million cubic meters per day as of... 12.05.2015  10:57

• Imports and exports of rolled brass declined in the USA According to the latest statistics, imports and exports of rolled brass to the United States fell in the 1st quarter and March of this year. Imports of rolled brass were 48.1 million pounds in March this year, down 5.2 percent from imports recorded in March 2014. Germany was the main exporter of... 12.05.2015  10:17

• Norilsknickelremont installs new plasma cutting equipment To increase the efficiency of the production process for cutting sheet metal, a new plasma cutting system is being introduced at the Norilsknickelremont subsidiary. Until recently, at the site for the manufacture and repair of technological equipment, the cutting of blanks was carried out only... 11.05.2015  13:18

• Chinese Steel Exports Up 10.9 Percent Even Without Discounts Exports of Chinese steel products rose 10.9 percent in April from the previous month. Chinese manufacturers have managed to cut production costs despite the cancellation of the export discount on boron-doped steel products. Customs data showed that China is seeking to rein in exports to bypass... 11.05.2015  12:07

• Dollar growth negatively affects US steel exports A stronger US dollar is slowing the country's steel exports, which fell 13.8 percent YoY in March this year to 896,027 tons. Also, steel exports decreased by 7.1 percent in the first quarter of 2015 compared to the same period last year and amounted to 2.7 million tonnes per quarter. On an... 11.05.2015  09:56