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MMK Metalurji Posts Increased by 66 Percent, While Export Sales Improved by 30 Percent

Jun 13, 2014

Turkey-based steel producer MMK Metalurji, a subsidiary of Russian steel giant Magnitogorsk Iron and Steel Works (MMK), has announced that hot dip galvanized steel sheet sales to the Turkish domestic market increased by 66 percent, while ...

Tags: Steel Sheet, Coated Steel

Pakistan Introduced 10 Percent Customs Duty on Flat Rolled Silicon and Alloy Steel Imports

Jun 13, 2014

The government of Pakistan has announced some new tax measures in its federal budget 2014-15, introducing 10 percent customs duty on flat rolled silicon and alloy steel imports to bring them to a par with flat rolled products of non- alloy ...

Tags: Import Duty, Alloy Flat Steel

Ternium Is Considering Installing a Second Line at Its Tenigal Plant to Supply Products

Jun 13, 2014

Ternium is considering installing a second line at its Tenigal plant to supply products for the automotive market that are currently being supplied by imports, said Máximo Vedoya, President of Ternium Mexico. He stressed that the ...

Tags: Tenigal Plant, Ternium

Turkey's Motor Vehicle Output Totaled 101,498 Units, up Five Percent Year on Year

Jun 13, 2014

In May this year, Turkey's motor vehicle output totaled 101,498 units, up five percent year on year, according to the monthly statistics released by the Turkish Automotive Manufacturers' Association (OSD). In the given month, Turkey's ...

Tags: Motor Vehicle, Mineral

Ukraine's Coal Mining Output Increased by 1.2 Percent Year on Year to 34.376 Million Mt

Jun 13, 2014

In the January-May period of the current year Ukraine's coal mining output increased by 1.2 percent year on year to 34.376 million mt, according to Ukraine's Ministry of Energy and Coal Industry. Meanwhile, in May alone Ukraine's coal ...

Tags: Coal Mining Output, coal mining

Vallourec Announced Some Updates in Its 2014 Guidance, Following Its Brazilian Customer

Jun 13, 2014

French pipe manufacturer Vallourec has announced some updates in its 2014 guidance, following its Brazilian customer Petrobras' decision to eliminate most of its tube inventories by the end of the year, while maintaining its drilling plans. ...

Tags: pipe, Vallourec

Ukraine's Crude Steel Production Is Expected to Increase by 2.9 Percent

Jun 13, 2014

In July this year, Ukraine's crude steel production is expected to increase by 2.9 percent compared to the expected June result to 2.52 million mt, according to the Ukrainian association of metal producers Metallurgprom. According to ...

Tags: Steel Output, crude steel

DRI Output Increased by Two Million Tons or 2.8 Percent Year on Year

Jun 13, 2014

In 2013, the world's direct reduction iron (DRI) output increased by two million tons or 2.8 percent year on year to a record 75.2 million tons, even though two key producing countries, India and Venezuela, saw significant declines in ...

Tags: DRI Capacity, Steel

The Industrial Output Index in India's Basic Metal Sector This Year Increased by 7.9%

Jun 13, 2014

In April this year, India's industrial production increased by 3.4 percent year on year, according to government data. Production in India's manufacturing sector decreased by 2.6 percent in April compared to the same month of the previous ...

Tags: Basic Metal, Metal Output

Mineral Resources Announced That It Acquired a 12.78 Percent Stake in Australia Resources

Jun 13, 2014

Australia-based miner Mineral Resources has announced that it has acquired a 12.78 percent stake in Australia's Aquila Resources Limited, buying more than 52 million shares in the company. Mineral Resources stated that it has the financial ...

Tags: Mineral Resources, miner

Morgan Stanley Has Reduced Its Iron Ore Price Forecast for The Current Year

Jun 13, 2014

US-based multinational financial services corporation Morgan Stanley has reduced its iron ore price forecast for the current year, expecting a further decline in 2015 as well, since the seaborne supply growth has been faster than expected. ...

Tags: Iron Ore, Morgan Stanley

Japanese Spot Import Prices of High-Carbon Ferrochrome Rose as Reduction of Output

Jun 13, 2014

Japanese spot import prices of high-carbon ferrochrome rose this week as Indian producers cut output amid a decline in domestic chrome ore feedstock supplies, market sources said Friday. Platts assessed the spot price of high-carbon lumpy ...

Tags: ferrochrome, high-carbon ferrochrome

Holographic Footballs Decorate Taittinger Champagne

Jun 13, 2014

The gift carton is made of Iggesund Paperboard's Incada 235 g/m2 paperboard and the conversion is by Le Sanglier, which specialises in gift cartons for champagne. The foil lamination is by API. Even the bottle is specially produced for ...

Tags: Packaging, Printing, Carton

The Outlook for Pig Iron Exports Has Been Hurt by Continued Weakness in Iron Ore Pricing

Jun 13, 2014

The outlook for pig iron exports from the Commonwealth of Independent States has been hurt by continued weakness in iron ore pricing, bearish scrap sentiment and Ramadan-related slowdown in Turkish demand, local sources said Friday. ...

Tags: Pig Iron, Ramadan-related slowdown

US Shredded Steel Scrap Availability Tightened and Prices Inched up

Jun 13, 2014

US shredded steel scrap availability tightened and prices inched up as the June mill procurement period came to a close, market sources said Friday. Mills reentering the market late in the week to acquire additional shredded material ...

Tags: Steel Scrap, shredded material

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