Metallurgy news
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South Korea increases imports of scrap steelThe country's scrap metal imports rose year on year for the first time in four years. In 2016, imports amounted to about 5.8 million tons, which is 1.7% higher compared to the previous year. Scrap metal imports from Russia in December increased by 177% compared to the same month in 2015. Imports…
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BHP iron ore yield breaks recordsThe world's number one mining company, BHP Billiton, reported record half-year production from its Western Australia iron ore division. The block's iron ore production rose 4% year-on-year to 117.6 million tonnes in the six months to end December. Over the last quarter, production was 60 million…
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China bets on gasBeijing wants to strengthen the role of gas in the country's energy balance. In the current five-year period (2016-2020), the share of gas in China's energy balance is expected to rise from 6.1 percent in 2016 to 10 percent at the end of the decade. How can Beijing achieve this? First, it is…
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Taiwanese pipe mills increase price for FebruaryTaiwanese pipe factories have announced new retail prices for February. So Chung Hung Steel (CHS) raised the price by NT $ 600 /t, other companies in the country expect further price increases in February. China Steel Corp is expected to raise its price by NT $ 1000 - 1200 /t for the second quarter…
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Interpipe supplies wheel rims for Ukrzaliznytsia locomotivesThe Ukrainian company INTERPIPE during January 2017 will produce and supply 3,000 railway tires for locomotives to the enterprises of Ukrzaliznytsia. Bandages are designed for repairing locomotive wheels of suburban electric trains, electric locomotives and diesel locomotives. In December 2016…
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The metals market rallied again after Trump's speechCopper and other industrial metals rose on the London Metal Exchange in response to President Donald Trump's speech on Friday. On the LME, copper was up 1.4 percent. Aluminum is up 1.1 percent and is rated at its highest level since May 2015. Zinc rose in price by 1.1 percent and nickel by 1.9…
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Negotiations on Syria are underway in AstanaThe talks in Astana have been prepared under the auspices of Russia, Turkey and Iran. In addition to the Syrian government and the opposition, UN Special Representative Staffan de Mistura is taking part. Official peace talks on Syria under the auspices of the United Nations are scheduled to take…
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Leading South Korean Presidential Candidate Pledges To Use Less Coal And More Russian GasSouth Korea's leading presidential candidate Moon Jae is committed to downsizing coal-fired power plants and phasing out nuclear reactors in the country, while seeking to buy Russian natural gas to meet electricity demand and combat climate change. The shutdown of old coal-fired power plants will…
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Smog in Hebei forces steel cut in 2017China's northern province of Hebei has pledged to continue to cut steel and iron production capacity in 2017 in an attempt to counter the severe smog that plagues the province's residents. The provincial lieutenant governor has unveiled a wave of measures for 2017 to tackle smog, including a 15.62…
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Climate change links disappeared on White House websiteLess than an hour after President Donald Trump was sworn in, tabs on climate change and health insurance reform, known as Obamacare, have disappeared from White House websites, but no information has emerged on the new immigration policy. The Trump administration announced shortly after the…
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