Metallurgy news

• Global stainless steel production to hit record highs in 2015 - MEPS A leading steel sector consultancy predicts global stainless steel production is set to hit new highs this year. Global production is projected to grow 3.4 percent during 2015 and hit a new record of 43.1 million tonnes. World production was 41.7 million tonnes in 2014, showing a steady increase of... 10.05.2015  19:51

• Silver deficit plummets 95 percent The rise in silver mining and a slowdown in consumption in the Chinese economy led to a sharp drop in the silver deficit in 2014. The market deficit narrowed to just 4.9 Moz in 2014, compared to a deficit of 111.9 Moz in 2013, according to a report compiled by the GFMS for the Silver... 08.05.2015  11:23

• Turkish steel exports fell slightly in April The latest data released by the Turkish Steel Exporters' Union (CIB) suggests that the export of steel products from the country declined slightly in April 2015. Turkish-made steel exports totaled 1.6 million tons in April, down 0.7 percent from April last year. Steel exports generated total... 08.05.2015  10:38

• Export and import of iron ore and coal in Ukraine in January-April According to data published by the State Service of Ukraine, in the period from January to April of this year, Ukraine exported 14.75 million tons of iron ore, which is 13.9 percent higher, and in monetary terms, totaling 769.210 million US dollars, which is 42.6 percent lower on an annualized... 08.05.2015  09:28

• US metallurgists oppose Russian steel imports American steelmakers have demanded that the Department of Commerce cancel the trade agreement that spares Russian CTL carbon steel producers from import duties. US steelmakers such as Nucor Corp, SSAB and Arcelor Mittal LLC said the flood of cheap carbon steel has hit local industries hard. They... 07.05.2015  11:45

• Global copper demand to rise to 36 million tonnes in 2019 Global demand for copper, a metal that is made from refined copper, secondary raw materials and copper waste, is forecast to grow more than 4 percent annually through 2019 to 36.0 million tonnes, worth $ 261 billion. According to the latest research by the Freedonia Group, the use of copper... 07.05.2015  10:06

• Gazprombank discusses purchase of Mechel debt Gazprombank is in talks with Sberbank, Russia's largest creditor, over the acquisition of debt from the mining and metallurgical company Mechel. Sources familiar with the situation report that Mechel, controlled by businessman Igor Zyuzin, acquired most of its debt before the economic downturn... 07.05.2015  09:34

• ArcelorMittal color coated steel now comes with up to 35 years warranty ArcelorMittal offers automatic warranties of up to 35 years for its new Granite® HDX and Granite® Storm painted steel roof and façade products. As of April 1, 2015, the Granite® product range comes with a 35-year anti-corrosion coating warranty, expandable upon request. ArcelorMittal's war... 06.05.2015  11:22

• Exports of stainless steel from Japan increased According to the latest figures released by the Japanese Ministry of Finance (MOF), stainless steel exports from the country rose significantly in March this year, compared with exports in the previous month. Exports of stainless steel products to Japan during March 2015 amounted to 111,096... 06.05.2015  10:47

• For Russia, gas condensate plays a key role amid sanctions on production in the Arctic As Siberia's oil fields slowly dry up, Russia is using the by-product to keep oil production up and meet its 10 million barrels per day target. Companies including OAO Gazprom, OAO NOVATEK and OAO Rosneft are also increasing condensate yield at new Siberian gas fields, as this is a common component... 06.05.2015  10:17