Metallurgy news

• Metalloinvest and Pittini Group signed a contract for the supply of HBI Metalloinvest, the largest mining and metallurgical holding in Russia, and the Italian steel plant Ferriere Nord SPA, part of the Pittini Group, have signed a long-term contract for the supply of hot briquetted iron (HBI). According to the agreement, the price for the products will be set in... 24.08.2014  11:04

• Stainless steel has good prospects for solar energy applications The development of renewable energy sources and energy conservation requires the use of a wide range of technologies in which stainless steels are widely used. Stainless steel solutions are essential to harness the sun's energy. The technical team, together with the designers, provided... 23.08.2014  11:13

• Exports of scrap metals decreased in the USA In the first half of 2014, the export of ferrous scrap from the United States fell sharply. The export of scrap aluminum also declined significantly during this period. However, scrap exports have rebounded from the lows when the Green Rules were introduced by the Chinese authorities. During the... 23.08.2014  10:26

• Vale Receives Permit to Expand World's Largest Iron Ore Mine Brazil's Environmental Protection Agency (IBAMA) approves a license for Vale, the world's largest iron ore producer, to expand the Carajas iron ore mine in the northern state of Para. The $ 20 billion plan calls for production to begin by 2016 and will reach its target of 90 million tonnes of... 23.08.2014  09:45

• Asia's steel production rose 1.7 percent in July this year According to the latest data released by the World Steel Association, steel production across Asia rose 1.7 percent on an annualized basis in July. China's total crude steel production in July reached 68.324 million tons, up 1.5 percent from July 2013, when production was 67.297 million tons.... 22.08.2014  11:06

• Automotive use of aluminum sheet will grow fivefold by 2020 - Novelis Novelis Inc, the largest aluminum company headquartered in Atlanta, foresees rapid growth in demand for aluminum sheet from auto makers. New CO2 emission regulations in Europe could increase the use of aluminum sheet in automobile production by almost five times to 1.8 million tonnes by 2020. That... 22.08.2014  10:58

• The crisis in relations between Russia and Ukraine affects the global steel market After the uproar over the suspension of shipments from the Black Sea due to the confrontation between Russia and Ukraine, most enterprises have recently preferred to declare force majeure. The sensational news caused a spike in market prices and a rapid redistribution. However, market fluidity and... 22.08.2014  10:24

• Turkish pipe imports decreased in 1H 2014 The latest data provided by the Turkish Statistical Institute (TUIK) shows that the import of seamless steel pipes in the country dropped significantly during the month of June this year. The total volume of imports in the first six-month period also experienced a drop. The country imported... 21.08.2014  12:49

• Increase in import duty on steel from China is required by the Ministry of India The Ministry of Steel Industry has asked the Ministry of Finance to influence the quantitative restrictions on the volume of steel imported into Indian ports. This is due to an attempt by China to massively sell steadily growing volumes of steel to India. The Ministry of Steel is proposing to... 21.08.2014  10:48

• World crude steel production up 1.7 percent in July 2014 According to the latest statistics released by the World Steel Association, steel production from the 65 member countries was 136.819 million tonnes in July this year, up 1.7 percent from production in the same month of the previous year. The total crude steel production of the EU-28 countries... 21.08.2014  09:55