Metallurgy news

• Nickel ends 2015 in short supply - Sumitomo For the first time in five years, nickel will be in short supply in 2015, as Japan's largest nickel company, Sumitomo Metal Mining Co. predicts. Metal demand will outpace production by 12,000 tonnes throughout the year. The company foresees a marked drop in shipments from China, despite the fact... 03.02.2015  11:03

• Aluminum production at Rusal dropped to record low in 2014 Aluminum production at the leading Russian producer Rusal during 2014 decreased by more than 7 percent to 3.6 million tonnes, hitting the lowest level since 2007. Nevertheless, Rusal's management declares that all production targets have been met. In 2014, the company took strict control of its... 03.02.2015  10:31

• ALBA Group sells German scrap metal center ALBA The Berlin-headquartered group specializing in technical innovation and the operation of state-of-the-art recycling plants has sold its scrap recycling facility in Aschaffenburg, Germany. The center was transferred to the metal processing group Bernhard Westarp GmbH & Co. The deal was... 02.02.2015  11:52

• BHP Billiton plans to cut jobs in Australia Global miner BHP Billiton has announced plans to cut jobs at Olympic Dam facilities in South Australia as miners are forced to cut costs to cope with falling commodity prices. Oil, iron ore and copper prices are at their lowest levels since 2009 amid oversupply in some markets and a slowdown in the... 02.02.2015  11:02

• Severstal announces 2015 capex program PAO Severstal announced the details of its 2015 investment program in support of its long-term competitiveness strategy. Severstal plans to invest about RUB 30 billion throughout the entire enterprise during 2015 to develop key areas, including increasing production of high value-added products;... 02.02.2015  10:04

• Japan's steel exports fell for the first time in three years The latest trade data released by the Japan Iron and Steel Federation (JISF) shows that Japan's steel exports declined in 2014 from the previous year. For the first time in three years, the export of steel products from the country decreased in a year. Exports of metal products decreased by 3.2... 01.02.2015  12:55

• India became the world's largest gold consumer in 2014 India edged out China as the second largest consumer of gold in the world during the year. GFMS analysts said in a report that global gold demand fell sharply last year, and it is predicted that world gold prices are unlikely to rise in 2015, after two consecutive years of declines. Meanwhile,... 01.02.2015  12:17

• World steel prices show negative dynamics The fall in production costs is forcing metallurgists to make a slight decrease in prices on the world market. Distributors buy very cautiously as they want to unload excess stock first. In Poland, steel prices declined in euros. Manufacturers say the low numbers are in effect until the end of... 31.01.2015  20:28

• EVRAZ supplied 100 meter rails for the metro EVRAZ dispatched the first batch of 100 meter R65 head hardened rails for the Moscow metro railroad. The rails produced by EVRAZ ZSMK were recently installed on the Arbatsko-Pokrovskaya line, which connects Kievskaya and Slavyansky Boulevard stations. On this section, for the first time in history,... 30.01.2015  13:44

• POSCO's profit fell 59 percent in 2014 South Korean steel company POSCO said its 2014 net income fell 58.9 percent YoY to KWR 556.66 billion, up from KWR 1.38 trillion. the previous year due to an additional tax payment after a government investigation and losses in connection with participation in the activities of other firms. That... 30.01.2015  13:04