Metallurgy news

• Russian pig iron exports declined at the beginning of the year According to government statistics, Russia's pig iron exports during the first month of the year decreased compared with the previous month and with exports for the same month a year earlier. In January, Russian exports of pig iron totaled 249,836 tons. Total exports were down 7.9 percent from the... 17.04.2015  16:51

• Ylva's Main Blast Furnace Closure May Raise HRC Prices in Europe With the closure of the Ilva Group's main blast furnace, some market participants expressed the view that this could help support higher prices in Southern Europe and cause them to rise significantly in the near future. The Ilva plant in Taranto is the largest metallurgical plant in Europe,... 17.04.2015  12:09

• The seaport of St. Petersburg increased cargo turnover in the 1st quarter of 2015 The port operator reports that the volume of cargo transshipment at the terminals of OJSC "Sea Port of St. Petersburg" in the 1st quarter of 2015 increased by 5 percent to 2 million tons compared to the same period in 2014. The port is part of the stevedoring division of the transport group UCL... 17.04.2015  10:16

• European steel production is unlikely to reach 2008 level - EUROFER EUROFER's long-term forecasts do not anticipate a further recovery in market share by increasing steel production in BOF and electric arc furnaces to 2008 levels, at least in this decade. EUROFER believes that the European steel industry cannot ensure a return to pre-crisis levels of steel... 16.04.2015  11:48

• Severstal announces 1Q 2015 production results Russian steel giant PJSC Severstal announced 1Q15 operating results. The production assets remained at almost full capacity, while the mini-factories continued to further increase production. During 2015, the group increased steel output by 2 percent to 2.96 million tonnes compared to Q4 2014... 16.04.2015  11:20

• Global copper market deficit widens in 2014 - ICSG Preliminary data released by the International Copper Research Group (ICSG) shows that the global refined copper market ended in deficit in 2014. In addition, the deficit has increased over the previous year. According to ICSG, the market deficit during the past year was 475,000 tons, which is... 16.04.2015  09:44

• MMK and ChTPZ are holding a meeting with the aim of further cooperation The Magnitogorsk Iron and Steel Works together with the Chelyabinsk Pipe Rolling Plant have achieved success in the implementation of a strategic cooperation program that ensures the supply of high-quality pipe products to oil and gas companies. The enterprises entered into an agreement that... 15.04.2015  12:09

• ArcelorMittal supplies steel for the construction of a shopping center in Egypt ArcelorMittal delivered steel products manufactured at the ArcelorMittal plant in Poland in Swietochlowice for the construction of a shopping center in Egypt near Cairo. In addition, a technical design team in Poland provides technical support for the client. The deliveries were made in close... 15.04.2015  10:22

• US steel production continues to fall In the United States, crude steel production fell 12 percent in the last week alone to 1,621,000 tonnes, and capacity utilization was 68.6 percent, according to the latest data released by the American Iron and Steel Institute (AISI). At the same time, a weekly drop in US steel production has been... 15.04.2015  09:31

• The rise in prices for rare earth metals has stopped The city of Baotou is the epicenter of China's rare earth metals industry, which produces about 90 percent of the world's total. China's industry consumes 70 percent of the 17 elements (REE) used in various high-tech industries, including renewable energy, medical devices and defense... 14.04.2015  12:29