Metallurgy news

• Steel exports from Ukraine and Russia cause concern in the global market The increase in steel exports from Russia and Ukraine has led to an oversupply in the international market, which has long struggled with the abundance of Chinese exports. Producers in Asia and Europe are facing challenges due to increased imports of cheap steel from Ukraine and Russia along with... 02.03.2015  16:15

• Turkish company Icdas will add a blast furnace A leading Turkish manufacturer of rebar and rods plans to build a 2,800 cubic meter blast furnace at Canakkale in the western part of the country. The estimated cost of the project is $ 600-700 million. The company's investment manager Ulvi Gunduz said that “the company is currently receiving o... 02.03.2015  09:42

• India raises duties on steel imports from China and Russia from April 1 The Indian government is raising the duty on imported steel by 5 percent from April 1 this year to stem the flow of cheap supplies from China and Russia. “The Indian government is raising the tariff from 10 percent to 15 percent,” Finance Minister Arun Jaitli said in his next fiscal year budget r... 02.03.2015  09:15

• POSCO closes construction engineering division in India POSCO plans to close its engineering and construction division in India after the company failed to win orders. The management of the block, located near New Delhi, engaged in the development of metallurgical plants, plans to switch to civil construction, where there are orders for the construction... 01.03.2015  11:29

• Copper deficit on the rise - ICSG The International Copper Research Group (ICSG) released data for the past year. According to ICSG, the balance in the copper market for the first time in November 2014 showed a clear production deficit of almost 40,000 tons. World production of refined products increased by almost 8 percent... 01.03.2015  10:45

• Rio Tinto is about to lay off hundreds of workers In an attempt to establish its position as a cost-effective exporter of iron ore to China, mining giant Rio Tinto plans to cut several hundred jobs in Western Australia. Information was sent to employees, highlighting the urgency of expediting the cost-cutting measures. In addition, Rio Tinto... 28.02.2015  16:29

• Global aluminum demand to grow 6.5 percent in 2015 - Rusal The largest aluminum producer Rusal believes that the global aluminum industry will grow within a year. He also expects production growth outside of China to remain subdued. In addition, Asian aluminum prices are likely to remain under pressure due to increased exports of semi-finished products... 28.02.2015  16:10

• In Japan, exports and imports of steel decreased in January 2015 Statistics released by the Japanese Ministry of Finance (MOF) indicate that imports and exports of steel products in Japan declined during the month of January this year compared to the previous month. Export of metal products of the country decreased by 10.2 percent in January 2015 to 3414... 27.02.2015  10:23

• CIS steel production falls in January Steel production in the Commonwealth of Independent States (CIS) declined 3.1 percent during January 2015 compared to January last year, according to the latest data released by the World Steel Association. The region's steel output was 8,526,000 tonnes in January this year, up from 8,801,000... 27.02.2015  10:07

• Top ten global steel producers in January 2015 According to the latest statistics released by the World Steel Association, steel output from 65 reporting countries totaled 133.102 million tonnes in January this year. These 65 countries account for approximately 98 per cent of the world's total crude steel production. The ten largest... 27.02.2015  09:50