Metallurgy news

• China's largest producer of rare earths and non-ferrous metals receives government subsidies China's Rising Nonferrous Metals Group received 18.75 million yuan or $ 3.05 million in government subsidies. The company reported this to the Shanghai Stock Exchange. Subsidies were offered to subsidiaries of the company - Guangdong Fuyuan Rare Earth New Material Co. and Pingyuan Huaqi Rare Earth... 25.09.2014  10:00

• Asia's steel production rose 1.7 percent in August this year According to the latest data released by the World Steel Association, steel production in Asia increased by 1.7 percent during August on an annualized basis. China's total crude steel production in August reached 68.910 million tonnes, up 1.0 percent from 68.228 million tonnes in August 2013.... 25.09.2014  09:09

• Rusal expects a global aluminum deficit of up to 1.3 million tons in 2015 Russian United Company RUSAL predicts a global aluminum deficit of 1.3 million tonnes in 2015, which will determine the level of metal prices, as the first deputy CEO said this week at an industry event in Abu Dhabi, the capital of the United Arab Emirates. ... Vladislav Soloviev, who has held... 24.09.2014  10:48

• Rio Tinto continues to expand in Mongolia The company controls 66 percent of the Oyu Tolgoi (OT) joint copper and gold complex in Mongolia. Ivanhoe Mines and Rio Tinto reached an overarching agreement to complete the accelerated, full-scale construction of the first phase of the OT copper-gold complex in southern Mongolia, which has... 24.09.2014  10:00

• World steel production rose 1.4 percent in August 2014 According to the latest statistics released by the World Steel Association, steel production by 65 member countries smelted 134.956 million tonnes in August this year, up 1.4 percent over the same month the previous year. The total volume of crude steel production in the EU-28 countries in... 24.09.2014  08:48

• Steel imports rise in Japan amid falling exports in August 2014 Updated government trade data indicate that Japan's steel imports increased 1.2 percent in the month of August this year. On the other hand, steel exports from the country have been declining for the twelfth consecutive month. According to the latest data, imports of steel from Asian countries... 23.09.2014  16:24

• Russian metallurgy is increasing production According to the results of the first eight months of this year, the domestic metallurgical industry showed an increase in key indicators. During this period, steel production amounted to 47.2 million tons, which is 2.3% more than last year. Pig iron production amounted to 33.8 million tons, which... 23.09.2014  12:09

• Taiwanese Feng Xin cuts purchase prices for rebar and scrap metal Taiwanese manufacturer Feng Xin has decided to cut rebar prices by $ 50 per tonne starting September 22. The purchase prices for steel scrap will be reduced by $ 800 per ton. However, the company decided to keep its long steel prices unchanged over the coming weeks. According to the company's... 22.09.2014  09:57

• NMDC plans to start mining in Australia NMDC, the largest iron ore producer under the administrative control of the Indian Ministry of Steel, is acquiring an additional 30 percent stake in the Australian firm Heritage of Iron Ore to begin mining in that country within the next two years. With an additional 30 percent stake in the... 22.09.2014  09:20

• Azovstal continues production during military operations Doing business in Ukraine is quite complicated due to the endless war. Azovstal, a major steel producer, is located in the city of Mariupol on the coast of the Sea of ​​Azov, with about 500,000 inhabitants. The well-being of these people largely depends on the position of the metallurgical plants, s... 21.09.2014  09:34