Metallurgy news
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The Ministry of Economic Development of Ukraine realized that the terms of free trade with the EU should be revisedThe Ministry of Economic Development and Trade (MEDT) of Ukraine is initiating the modification of the terms of free trade with the European Union, said Natalia Mikolskaya, Deputy Minister of Economic Development and Trade - Trade Representative of Ukraine. The main task of the MEDT is to open up…
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Iron ore at risk of further lossesIron ore faces renewed pressure and risks going back to the 60s again as China's economy shows signs of cooling and global production increases, while planned cuts in steel capacity for the world's largest consumer this winter could be even greater. reduce demand. Qingdao's 62 percent iron ore fell…
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American producers are moving away from oil shaleAmerican oil rose 5.1 percent last week. This was the second week in a row that the raw material gained value. The price of oil is influenced by Maria, the third hurricane this month. In addition, American producers are reluctant to extract shale oil, which also drives up prices. Last week, the…
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Chinese production will grow by 3-5 percent in 2017Despite the closures of small, aging factories, steel production in China is expected to grow 3 to 5 percent in 2017 from last year, according to a CISA official, as price increases prompted large players to smelt more metal. This year, the world's largest steel producer, China, will receive about…
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The largest spinner in Ukraine will be shown in DniproDnipro metallurgists have created a spinner that can enter the Ukrainian Book of Records as the largest spinner in the country. The record will be recorded at the festival of science, technology and modern technologies Interpipe TechFest in Dnipro on September 16-17. The weight of the…
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Seasonal fluctuations in iron ore in ChinaLast Wednesday, Chinese iron ore futures showed a slight negative trend, which is explained by profit-taking by investors after the last jump in prices by more than three percent. This growth is due to a seasonal increase in demand for steel, primarily due to the increased activity of the…
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Lithuania's performance against Nord Stream 2 and the Belarusian nuclear power plantDuring a meeting with parliamentarians from Finland, Sweden, Norway and Denmark, the Lithuanian Minister of Energy raised the issue of energy security in the Baltic region, including the construction of Nord Stream 2 and a nuclear power plant in Belarus. The Minister stressed that the planned…
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Steelworkers want to increase investment as prices riseGlobal steel prices are rising, which should reassure lending institutions that borrowers are on track for repayment and help producers attract more resources for investment. Worldwide HRC prices rose from $ 470 per tonne in April 2017 to $ 580 per tonne in August 2017. The driving force behind…
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Dneprospetsstal: production results in August 2017In August 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmina ”delivered 23,251 tons of steel, which is 10.0% more than the level of the previous month. During the same period, the Company produced 14,376 tons of rolled metal, which is 3.7% more than in July 2017. The…
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Russia remains dependent on the Ukrainian gas transmission systemGas transmission from Russia to Europe using the Ukrainian gas transmission system increased by 20 percent. Moreover, this year promises to be the best for Kiev for more than five years. Last week, the Russian gas giant transported 315 million cubic meters of gas daily through Ukraine. Ukrainian…
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