Countries

North American Aluminum Demand Grows 5.0 Percent in 2014

AA — The aluminum industry in the United States and Canada saw year-over-year demand growth of 5.0 percent through the end of 2014. This according to preliminary data released today in the Aluminum Association’s monthly “Situation Report.” The estimated 25.5 billion pounds (1,133,981 mt) of aluminum shipped by North American ...

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Vale delivered a strong operational performance with production records in iron ore, nickel, copper and gold Production Highlights

Vale delivered a strong operational performance in 4Q14 and in 2014, with production records in iron ore, nickel, copper and gold. Iron ore inventories decreased by 4.8 Mt in 4Q14 supported by record shipments in the quarter. Iron Ore – Annual supply record of 331.6 Mt[1] in 2014, including own ...

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Egypt: declining sales and production of «Ezz Steel» in the first nine months of 2014

   ArabMetal – According to the third quarterly report of 2014, published on 17 February  Total «Ezz Steel»  sales of finished product value (long and flat) dropped by – 6.88%, to 14.881 million Egyptian pounds in the first nine months of 2014 compared to sales worth $ 15.981 million Egyptian ...

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South Korea: Frame Revolution with New Titanium Strong Steel Alloy

Scientists at the Graduate Institute of Ferrous Technology (GIFT) at the Pohang University of Science and Technology in South Korea claim that they developed a new material that equals the strength of steel and the lightness of titanium alloy. The Pohang University reports that the new material is made by ...

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Europe’s aluminum alloy prices jump on strong demand, tight scrap

Platts – Strong demand for Europe’s key grade of aluminum alloy, 226, has tightened supply in the region and pushed prices higher, sources said. In addition, the euro’s relative weakness versus the dollar has made both secondary aluminum and aluminum scrap more attractive to Asian buyers. Tighter supply, evident since ...

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Chinese shake up aluminium market with export surge

WSJ – SURGE in aluminium exports from China is altering market ­dynamics for one of the world’s most heavily traded commodities. Because of quirks in China’s tax system, the trend involves reshaping the metal itself. Aluminium prices on the Shanghai futures exchange have dropped 8 per cent in the past year ...

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Egyptian Steel plans 2 new factories, seeks 20-25 percent market share

  Reuters – ArabMetal – Egyptian Steel expects to open two new factories by the middle of 2016, raising capacity to 1.8 million tons of rebar and 1.7 million tons of Crude Steelper year and boosting its market share, chairman Ahmed Abou Hashima said. In addition to its plants in ...

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US steel exports decline by 5 percent in 2014

According to AIIS Statement 6 February 2015. Steel exports fell slightly from November to December, capping off a 5 percent decline for the year. The 2.6 percent drop for the last month of 2014 largely resulted from decreases in exports to the United States’ North American Free Trade Agreement (NAFTA) ...

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Malaysia: Chinese-Malaysian JV starts billet production in Teluk Kalung

  ArgusMedia – Malaysian steel producer Hiap Teck Venture and its Chinese partner Shougang have started billet production at their Eastern Steel joint-venture plant in Malaysia. The mill will initially produce 700,000 t/yr of semi-finished casting products such as billets and slabs, rising to 1.5mn t/yr when the first phase ...

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US Steel Corp. to cut production

U.S. Steel Corp., headquartered in Pittsburgh, has announced plans to temporarily adjust operations at its Lone Star Tubular Operations in Lone Star, Texas, and at its Fairfield Tubular Operations in Fairfield, Alabama. The company’s Fairfield Works plant, the primary flat-roll supplier of rounds to its Fairfield Tubular Operations, also will ...

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