Metallurgy news

• Demand for high grade aluminum alloys is growing Shandong Nanshan Aluminum Co, an aluminum company, expects increased demand for high-grade aluminum alloys used in high-speed rail, aerospace and transportation sectors. The company is building an aircraft material industrial park that will be used by internationally renowned aircraft... 09.12.2014  19:20

• Stainless steel production in Russia responds to domestic demand According to the statistics of the Association Spetsstal, the production of stainless steel in Russia in January-October 2014 amounted to 103,200 tons, which is 19.8 percent lower compared to the same period last year. From January to October 2014, the production of stainless flat steel in... 09.12.2014  11:29

• Steel exports from China hit a new record Export deliveries of steel from China in November 2014 increased by 14 percent over the month and amounted to 9.72 million tons. Total exports in the first 11 months of 2014 reached 83.6 million tons, up 47 percent over the same period last year. Chinese steel mills have stepped up their steel... 09.12.2014  10:03

• Metinvest's position on the Ukrainian steel market According to the Metinvest group of companies, in 2015 its Ukrainian market for rolled metal products will decline by 15 percent. Dmitry Lippa, CEO of Metinvest Service Center Network, said: “We believe that the rolled steel market will continue to shrink in 2015 and will decline by 15 percent Y... 08.12.2014  11:31

• The fall of the ruble helps Russian metallurgical plants Russian metals and mining companies are avoiding a wide sell-off of their shares as a weaker ruble helps boost their export earnings. "Metallurgical and mining companies almost doubled their revenues due to the weakening ruble," said Kirill Chuiko, head of the financial group for stock market... 08.12.2014  10:40

• China's dependence on iron ore imports will be 80 percent in 2015 Iron ore imports to China will exceed 80 percent of total consumption in 2015, and iron ore prices will range from $ 70 - $ 100 per tonne, the China Metallurgy Planning Research Institute predicts. China's steel demand in 2015 will amount to 720 million tons, up 1.41 percent year on year.... 08.12.2014  10:03

• ALACERO: metallurgical production remains stable The latest published report by the Latin American Association of Steel Producers (ALACERO) shows that steel output in the region has remained unchanged since 2014. Steel consumption increased slightly, while the region's steel trade deficit continues to widen. According to ALACERO data, steel... 08.12.2014  09:30

• Philippines Expands Nickel Production With Increased Demand From China The unprecedented level of demand for nickel ore from China has provided a significant market for nickel miners in the Philippines looking to expand their exports. They are also putting pressure on the government to create conditions for the development of the country's mining industry and to take... 07.12.2014  11:32

• The Supreme Court of Ukraine recognized the sale of 40.2 percent of shares of Poltava GOK as valid The Supreme Court of Ukraine decided not to satisfy the claims of four Cypriot companies, which sold 40.19 percent of the shares of Poltava GOK in 2002, to the specified share. The court protected the rights of foreign investors. According to a press release from the FCLEX law firm, his lawyers... 06.12.2014  16:52

• China's Steel Export Tax Benefits Will Continue in 2015 According to some market experts, there are major divergences in China's policy to remove the rebates on export duties on steel and steel products, so they will most likely not be canceled in 2015. The sharp rise in exports of steel products from China has caused trade friction in the global steel... 06.12.2014  12:51