Metallurgy news

• China Introduces New Copper Export Tax Credit The Chinese Ministry of Finance has issued a statement that the government has decided to introduce a fresh tax credit on the export of certain copper products. In addition, an increase in the refund of export duties on some other products is envisaged. The government is doing this, most likely, to... 09.01.2015  13:00

• The new railway line will restore communication between the steel plants of Mariupol and the seaport A new section of the railway, bypassing the bridge over the Kalchik River, which was destroyed in a terrorist attack, connected steel plants in the city of Mariupol with a commercial seaport located on the coast of the Azov Sea, according to Metinvest Group, which includes metallurgical... 08.01.2015  12:53

• US Steel fires more than half of its workers US Steel announced plans to cut 756 workers and employees at the company's two steel production facilities, reflecting lower fuel prices that have impacted energy customers. The company has issued appropriate warnings about the decision to lay off 614 employees at its manufacturing plant in... 08.01.2015  11:53

• Japanese Stainless Steel Exports Down 6 Percent According to the latest data released by Japan's Ministry of Finance (MoF), stainless steel exports from the country fell sharply during the month of November last year. Japan's total stainless steel exports for the month were 91,646 tonnes, down 5.7 percent from the previous month when stainless... 07.01.2015  17:55

• Iron ore miners suffer from export growth Iron ore exports from Port Hedland increased by about 30 percent in the second half of 2014, driven mainly by supplies from mines in the Pilbara region. This led to a decline in the global value of the product in the past year. The port's main exporters, BHP Billiton and Fortescue Metal Group,... 07.01.2015  13:21

• Aerospace Nickel Demand Rises The commercial aerospace sector will continue to be the largest consumer of nickel-based superalloys for at least another two decades, according to a statement from consulting firm RNCOS. The nickel industry around the world is experiencing tremendous growth in nickel demand. In the global... 06.01.2015  12:54

• China may reduce steel exports due to cancellation of tax breaks The country has ended the refund of export duty on steel, which contains trace amounts of boron, starting January 1, according to the Chinese Ministry of Finance. As a result, export sales of steel will decline by about 20-30 percent by the end of the first quarter compared to the previous three... 06.01.2015  12:25

• Constellium acquires aluminum sheet facility Constellium completed the $ 1.4 billion acquisition of the Colbert County manufacturing complex, part of the international holding company Wise Metals. For the first time, the company announced the deal in October last year, and it was clarified that in accordance with the mutual agreement, $ 445... 06.01.2015  11:44

• Scrap metal imports fell in Turkey According to the latest data released by the Turkish Statistical Institute (TUIK), Turkey's total scrap metal imports declined slightly during 2014. During November, according to updated data, it dropped by almost 2.5 percent compared to the previous month. The import of ferrous scrap in the... 05.01.2015  12:21

• Southeast Asian factories have raised prices for stainless steel Major integrated steel mills in Southeast Asia announced price increases for stainless steel products starting in January 2015. Taiwanese stainless steel company Tang Eng Iron Works has also announced its intention to increase its domestic prices for its 300 series stainless flat steel by $ 10... 05.01.2015  11:40