Metallurgy news

• Norilsk Nickel sells its last Australian asset, Lake Johnston Norilsk Nickel, one of the largest and most significant joint stock companies in Russia for the production of metals, is about to conclude a deal to sell a subsidiary of Lake Johnston. The facility is located in western Australia and will be taken over by the Australian steel company Poseidon... 03.09.2014  13:16

• China is fighting to reduce the tax on the sale of steel scrap The China Scrap Metal Recycling Association (CAMU) has called on the National Development and Reform Commission (NDRC) to reduce the tax rate on the sale of scrap metal. Beijing canceled 70 17 percent VAT rebate for scrap steel recyclers in 2011 The association launched a call at the 7th China... 03.09.2014  11:24

• South Korean steel exports up 22 percent in July 2014 According to the latest statistics released by the South Korean Ministry of Commerce, the country's steel exports increased significantly during the month of July this year. The export value reached $ 3198 million during July. The growth was 22.4 percent compared to the value of exports in the same... 03.09.2014  10:40

• European factories prepare to take advantage of growing deficit from Ukraine Mainly producers of HRP hot rolled flat products, want to take advantage of the Ukrainian crisis, which threatens the subsequent lack of HRP supplies, and insist on a significant increase in production. At the same time, it was Europe that strengthened the motivation of Ukrainian metallurgical... 02.09.2014  12:27

• Steel imports to Japan grow for 8 months in a row amid falling exports Japan imported 433,000 tons of various steel products in July, showing a record 20.5 percent increase in imports from the previous month. Imports of cold rolled steel products amounted to 85,000 tons; heavy plate steel - 51,000 tons; galvanized steel products - 80,000 tons; hot rolled steel... 02.09.2014  11:08

• Norilsk Nickel Announces 1H 2014 Results OJSC MMC Norilsk Nickel, the largest producer of nickel and palladium, announced interim financial results for the first half of this year.Free cash flow continued to grow in the first half of 2014, increasing ROIC to 20 percent. Consolidated revenues were flat YoY at $ 5.7 billion, driven by... 02.09.2014  10:35

• Slab prices will rise According to the latest data, prices for steel slabs in Asia have stopped falling and have already jumped. The fact is that the Mariupol Metallurgical Plant in Ukraine canceled orders for slabs for Southeast Asia and Malaysia. Although the operations of blast furnaces in the Donetsk region were not... 01.09.2014  15:06

• Peru will soon become the second largest copper producer in the world According to senior officials in Lima, the main reason for reaching such heights is China's initiative. Last month, MMG, a subsidiary of China Minmetal, acquired a $ 7 billion stake in the Las Bambas copper mine for the Glencore project in Peru, strengthening ties between the two countries. The... 01.09.2014  14:19

• Japanese steel mills plan to increase export shipments of wire rod in October The negotiation process for the export of Japanese-made steel wire, mainly for Asia and the United States, is in full swing. As wire rod exports from Ukraine have stalled and demand from the US industry is strong, Japanese mills are aiming to increase prices. The detailed terms of their offers were... 01.09.2014  13:04

• ArcelorMittal announces price increases The largest steel company in the world, ArcelorMittal, in the fourth quarter of 2014 announced its intention to increase prices for flat products. According to preliminary data, for European consumers it will grow by 20 euros more than the previous one, per tonne. Recall that this enterprise,... 01.09.2014  11:10