Metallurgy news

• JSW Initiates $ 1,132.86 Million Capital Investment At a time when the domestic steel market in India is going through a difficult time, JSW is planning to invest $ 1,132.86 million in its steel production. The company also plans to build the world's largest blast furnace with a capacity of 500 cubic meters. The company has now developed a... 05.12.2014  13:21

• ARMZ will be able to mine zinc and lead on Novaya Zemlya Atomredmetzoloto (ARMZ), a mining company controlled by Rosatom, is soon planning to start producing concentrate from mined lead and zinc on the southern island of Novaya Zemlya, which is best known around the world as the site where the Soviet Union activated seven underground nuclear... 05.12.2014  12:31

• CMC announces construction of rebar and wire plant in Virginia The Commercial Metals Company (CMC) has announced a plan to expand and relocate its operations to build a steel rebar plant in Fredericksburg, King George, Virginia. The $ 12 million project is partnered with the Virginia Regional Economic Development Alliance to purchase land to build a rebar... 05.12.2014  10:18

• Scrap metal imports to Turkey fell slightly The latest data released by the Turkish Statistical Institute (TUIK) reports that imports of scrap metal into the country fell 1.6 percent in the ten months of this year, compared to imports between January and October last year. Scrap metal imports by Turkey in January-October this year amounted... 04.12.2014  11:35

• Russia May Become Strategic Buyer of Pakistani Steel Works There is information that Russian companies are showing interest in buying a 26 percent state stake in Pakistan Steel Mills (PSM). It is noteworthy that it was the USSR that implemented this metallurgical megaproject in 1970, while Russia is currently showing interest in PSM. A Pakistani steel... 04.12.2014  11:11

• Copper wire manufacturers are not hoping for growth in demand in China China is the main consumer of copper and, therefore, a decrease in demand from China will affect the commodity at the global level. The decline in copper demand in China will continue to rise, analysts said, increasing the chances for further declines in the metal's price. Copper production in... 04.12.2014  09:54

• Vale's 2015 investment budget will be $ 10.2 billion Brazilian mining giant Vale approved a 2015 investment of $ 10.2 billion, down 30.9 percent on an annualized basis. Within this amount, $ 6.4 billion is planned to be invested in new projects, and the remaining $ 3.8 billion will go to support existing operations. Vale's 2015 operating budget... 03.12.2014  13:59

• South Stream has become the biggest casualty in the confrontation between Russia and Europe Countries in Europe are shocked and angry at Russia's decision to abandon South Stream, its $ 50 billion gas pipeline across the Black Sea to Europe, as shares in the companies involved in the project plummet and plans for future profits collapse. Bulgaria, Hungary and Serbia have said they have... 03.12.2014  12:51

• Japan fights to increase the quota of steel imports to Thailand The Thai government plans to increase the quota of steel imported from Japan after strong pressure from Japan. The Japanese Chamber of Commerce in Thailand last week asked the Thai government to increase the tax-free quota for Japanese steel by another couple of million tons. Japanese... 03.12.2014  10:36

• Galaxy assumes higher world prices for rare earth metals China's Galaxy Magnets reports that rare earth metal prices are expected to rise based on investor relations information. The company believes that the scarcity of rare earths and the consolidation of the rare earths industry in China will allow it to manage prices in the global market. Galaxy... 02.12.2014  12:01