Metallurgy news
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10 largest copper mines in the worldThese mines have benefited the most from the recent surge in copper prices. This analysis covers the most significant active copper mining operations worldwide. For a more accurate comparison, copper operations have been divided into underground and open pit mining, as these mining methods use…
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Gazprom Selects Pipe Suppliers for Power of SiberiaRussian gas company Gazprom has selected six pipe suppliers for the construction of the Power of Siberia gas pipeline. The contracts are worth over a billion dollars. The tender includes the supply of 549.233 thousand tons of large-diameter pipes for 65.8 billion rubles. The delivery of the first…
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Vietnam's TDA Expands Coated Steel Sheet ProductionVietnam's Ton Dong Corporation (TDA) plans to increase its coated steel sheet production capacity, which is expected to reach an annual production of 1 million tonnes between 2018 and 2019. At present, the annual production of TDA steel was about 400 thousand tons, including a cold rolling mill…
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Steel imports from the East - threats and consequences for EuropeThe EU steel industry has long perceived steel imports from China as a serious threat. But also the supply of steel from Ukraine and Russia is harmful to the European metallurgical industry. According to Krzysztof Kuklicza, CEO of the Polish company Sambud-2, trade from the east requires solutions…
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Nickel prices are risingLondon Metal Exchange LME recorded an increase in nickel price to the level of US $ 10,500 /t in early February. Trading data reached about US $ 11,000 /t during the past week, up 4.4% from the previous week. In addition, nickel prices were up 5.2% from the previous month. With China's steel mills…
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North Korean Coal Import Ban Boosts Steel Prices In ChinaSteel product and coking coal prices rose in China amid Beijing's imposition of restrictions on coal imports from North Korea, according to the report. The effort is driven by compliance with United Nations sanctions against that country. It is expected that Chinese metallurgists will seek cheaper…
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Metinvest announces recovery of steel production in 2016Metinvest Ukraine Group, which is a holding company based on mining and metallurgical assets, announced productivity growth in 2016, including at the Ilyich Iron and Steel Works, Azovstal. The total production of pig iron was 8.82 million tons, an increase of 9.6% compared to 2015. At the same…
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Big changes are coming at NTMK productionNTMK is currently constructing a new mill of this manufacturer at full capacity. This construction promises about 100 jobs in the production of grinding balls. It is planned that the mill under construction will produce about 130,000 tons of products over one year. This news could lead to big…
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Aluminum prices hit a new highGlobal aluminum prices rose steadily and reached a new high since May 2015. The rise in aluminum prices is associated with high demand for the metal, low market reserves and a reduction in aluminum production in China. According to the World Bureau of Metals Statistics (WBMS), global demand for…
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Eurofer happy with European Parliament vote on carbon dioxide emissionsThe European Parliament has rejected a reduction in the number of carbon dioxide quotas available on the market. Axel Eggert, CEO of Eurofer, said before the European Parliament vote on the rate of CO2 emissions reductions: “More than ever, we need a good business environment today and the EU ETS…
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