Metallurgy news
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Stainless steel prices stabilize after a year of growth - MEPSMEPS notes that March 304 stainless steel contracts in Europe and North America will be slightly lower. Because the average nickel prices on the LME are dropping slightly. Manufacturers may try to raise the baseline in order to maintain stable transaction values. However, factories in China and…
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Half a million Chinese will lose their jobs in the iron and steel industryAs a result of government measures, about 500 thousand people will lose their jobs in the metallurgical and mining industries this year. This is part of Beijing's struggle with overcapacity in energy-intensive sectors of the economy. Their plans were announced at the Chinese Ministry of Labor…
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Coal consumption in China falls for the 3rd year in a rowChina's coal consumption declines for the third consecutive year in 2016 as the world's largest pollutant increasingly faces massive environmental challenges. The National Bureau of Statistics reported that coal consumption fell 4.7 percent last year. The share of coal in China's total energy…
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AISI: US steel production is growing steadilyThe American Iron and Steel Institute reports growth in US steel production using 74.7% of the industry's capacity. Last week, American plants produced 1.77 million tons of steel, up 0.2% from 1.766 million tons a week earlier. Capacity utilization rose to 74.7% from 74.6% a week earlier. Steel…
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Ukrainian metallurgy switches to Russian coalIf the Avdiivka Coke Plant had not imported imported coals, it would have stopped long ago, said its general director Musa Magomedov. “If we hadn’t transported alternative coals three times more expensive, we would have already been standing, but we are working half-heartedly. Our profitability is…
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Dneprospetsstal: production results in January 2017In January 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 20,290 tons of steel, which is 5.1% less than last month. During the same period, the Company produced 14,173 tons of rolled metal, which is 4.1% more than in December 2016. The total cost of…
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Copper stalled growth after Trump's speechCopper stabilized on Monday as markets anticipated further increases in US infrastructure spending from President Donald Trump this week, but production outages at the world's two largest copper mines have supported prices. The metal hit its highest from May 2015 to February 13 amid news of a…
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EU expects steel consumption to rise in 2017 and 2018The Economic Committee within the European Association of Steel Producers (EUROFER) predicts that the European economy will continue its growth trend in 2017. He expects an increase in growth in construction activity in 2017. In addition, commodity prices are likely to continue to rise throughout…
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Trump intends to increase military spendingPresident Donald Trump, in his draft federal budget for fiscal 2018, plans to increase military spending by $ 54 billion, or nearly 10 percent, White House officials said. “My budget will be the public and national security budget. The budget assumes a historic increase in defense spending, to…
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Intertype signs five-year contract with American Progress Rail ServicesUkrainian industrial company Intertype has signed a five-year contract with the leader of the North American rail sector, Progress Rail Services, to supply the company's railroad wheels and axles. Under the terms of the contract, Intertype will annually supply the American company with over 10,000…
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