Metallurgy news

• Updated NLMK data on long products In the third quarter of 2014, total sales in the long steel segment at NLMK decreased by 18 percent to 608,000 tonnes. This decrease in product sales in Q3 2014 is due to the end of the construction season, a decrease in the share of direct sales and an increase in the share of sales through retail... 16.11.2014  18:42

• Steel market strives for a new price segment in 2014 Towards the end of 2014, the steel market is approaching some new lower price ranges. There are not many factors in favor of improving demand in the near future, and pressure from the Chinese continues. Steel producer prices are falling along with prices for scrap and semi-finished products, as a... 15.11.2014  18:16

• Novelis switches to a high level of aluminum reuse Novelis, a leading manufacturer of rolled aluminum and a global leader in beverage cans, has announced that it will recycle and convert all of its cans products. The move is intended to support the industry's transition to a high proportion of recycled aluminum. Novelis claims that by the end of... 15.11.2014  12:24

• China increases imports of bauxite from Malaysia by 1103.7 percent in 1-3 quarters of 2014 China is finding an alternative to bauxite from Indonesia in response to the country's export ban earlier this year by increasing imports from Malaysia. China's bauxite imports from Malaysia hit a record 566,000 tonnes in September 2014, representing a monthly growth of 104 percent. Chinese... 14.11.2014  11:06

• Japan's HRC Exports Up 12 Percent In September According to statistics released by the Japanese Ministry of Finance (MoF), exports of hot rolled coils (HRC) from the country increased sharply during September of this year. Treasury data show that HRC exports from Japan totaled 990,601 tonnes during the month, up 11.9 percent from exports in... 14.11.2014  09:35

• EVRAZ NCSP handled 7.7 million tons of cargo from January to October The stevedoring company said that EVRAZ Nakhodka Commercial Sea Port handled 7.7 million tonnes of cargo between January and October, an increase of 25 percent over the same period in 2013. At the same time, export supplies of coal processed at the terminal increased 1.5 times to 4.5 million... 13.11.2014  11:44

• A significant jump in copper prices is only possible in 2019 - CRU A recent study published by CRU Group predicts a further decline in the price of copper over the next 18 to 24 months. Prices are likely to recover only in 2019, when appetites outweigh the supply of the metal. According to the report, the decline in copper prices has not yet bottomed out. In... 13.11.2014  10:51

• Metallurgists expect growth in prices for steel and metal products - expert Analysts, as well as some auto industry executives, said there is a possibility of an increase in car prices. And this, in turn, makes it possible to assume that the raw materials used in production may increase in price, although representatives of the automotive industry do not want to reveal... 13.11.2014  09:43

• Citigroup cuts iron ore price forecast to $ 65 per ton in 2015 Citigroup downgraded its forecasts for sea-delivered iron ore prices for 2015-2016 to $ 65 per tonne (62% -FE), CFR China. The outlook has been adjusted to reflect the slowdown in Chinese demand and the depreciation of various currencies against the dollar. Previous estimates for 2015 - 2016 were $... 12.11.2014  11:26

• China's steel imports are hitting the steel industry worldwide During the first ten months of 2014, China's steel exports rose 42 percent to 73.9 million tonnes. At the same time, China's steel imports also rose, but unfortunately only grew by 5 percent, reaching just over 12 million tonnes, significantly lower than the pace of Chinese steel exports. And China... 12.11.2014  10:48