Europe

Aleris may expand capacity in Europe for aluminum sheet for autos

Reuters – Aleris Corp may expand its capacity for production of aluminum sheet for automobiles in Europe when the economy there recovers, its top executive said, as demand for lightweight materials continues to grow. The company has the "capability" to add a second continuous annealing line at its rolling mill ...

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ArcelorMittal sees no further capacity cuts in Europe

  Reuters – Steelmaker ArcelorMittal said it had no plans to cut capacity further in Europe even though cheap imports are expected to depress prices further this year. "Absolutely not," the head of ArcelorMittal's German operations, Frank Schulz, told Reuters on Monday when asked if further cuts were planned in ...

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Ukraine steel output down 29% in January-February 2015

Union Metalurgprom said on Thursday 5 March, That the crude steel production in Ukraine, hit by a separatist conflict in the east, fell by 29 percent to 3.46 million tonnes in the first two months of 2015 compared with the same period last year, producers'. Reuters reported. The union gave no reason ...

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EU set to impose duties on Chinese, Taiwan stainless steel

  Reuters – The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. The Commission plans to set tariffs of about 25 percent for imports from China and of ...

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Turkey: Steel mills increase rebar export offers backed by slight increase in scrap prices

Platts – Turkish steel mills have increased their rebar offer pricing based on a slight increase in ferrous scrap, sources said Wednesday. No deals have been seen at the new price level and sources were skeptical that any would be achieved. A Turkish trader said offers from mills for export ...

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Norsk Hydro to acquire German aluminum recycler

recyclingtoday – Norsk Hydro, the Oslo, Norway-based aluminum producer, has announced plans to acquire WMR Recycling GmbH, Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro says it will own the most advanced aluminium scrap sorting technology in the world. The deal is expected to be ...

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Turkey: Prepainted steel sheet exports decline in 2014

According to the Turkish Statistical Institute, Turkey’s exports pf pre-painted steel sheet were around 170,847 tons in 2014, down by 15.5% from a year ago. Also, the total export sales were around USD172.65 million, decreasing by 20% year-on-year. Turkey’s pre-painted steel exports were 202,109 tons in 2013.

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Russian tin ingot prices go down

The LME tin cash settlement price fell by USD180/t to USD17,920/t last Friday 27 February, and Russian traders followed the trend and lower their offers for tin ingot, Insiders stated. A Russian trader with a sales volume of 20t of tin ingot per month claimed that they had less than ...

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European aluminum alloy prices soar on high demand, tight availability

Platts – Market prices for Europe’s key grade of aluminum alloy, 226, have soared higher on continued high levels of demand and tighter availability as a number of buyers have come into the market for second-quarter supplies. Platts weekly assessment of standard 226 grade spot Friday increased to Eur1,850-1,900/mt ($2,098-2,155/mt) ...

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MMK increases steel shipments to shipbuilders

  MMK – OJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”) supplied 78 ths tonnes of metal products to shipbuilders in 2014, which represents a 37.2% growth y-o-y. MMK has a successful and long-standing track record with the shipbuilding industry. The Company supplies up to half of all ...

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