Metallurgy news
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Italian government completes collection of bids for the purchase of ILVEAccording to Commissioner Enrico Laghi, the collection of applications for the acquisition of the ILVE steel plant should be completed in February, and the purchase of the plant will be possible in the fall. Applicants include ArcelorMittal Marcegaglia and the Jindal consortium. Enrico Laghi said…
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Exports of ferrous metals increased in RussiaAccording to the latest data from the Federal Customs Service of Russia, the export of ferrous metals in Russia increased by 3.2%, to 39.32 million tons in January-November last year compared to the same period in 2015. Russian pig iron exports rose 1.2% to 593,000 tonnes and semi-finished steel…
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S&P Raises Iron Ore Price ForecastsThe ratings agency Standard & Poor's has raised its price forecasts for some of Australia's major export commodities. Iron ore prices are currently expected to average $ 55 per tonne in 2017, up from the agency's previous estimate of $ 45 per tonne. Prices are expected to be at $ 50 per ton in…
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China looks forward to a new model of relations with the United States and partnership with RussiaChinese President Xi Jinping said during a visit to the UN headquarters in Geneva that Beijing would seek a new model of relations with the United States, adding that protectionism would not benefit either country. Great powers must “keep in check what separates them,” and “trade protectionism will…
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Philippines Revoke Environmental Permits for Nickel Mining ProjectsThe Philippines has revoked permits for several mining projects. This applies to four mines, including the ban on Norway's Intex Resources project to develop a nickel mine in the Central Philippines on Mindoro Island. The planned total investment is US $ 2.5 billion. Philippines Minister of…
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TMK of Russia sells non-core assetsThe Pipe Metallurgical Company, one of the world's leading producers of pipes for the oil and gas sector, is selling non-core assets to reduce debt. TMK announced that it had sold its scrap metal recycling subsidiary TMK CHERMET for RUB 6.2 billion, which is about US $ 104.75 million. TMK notes…
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US steel imports grow for the first time in 20 monthsAccording to data released by the US Department of Commerce, US steel imports totaled 2.544 million tonnes in November 2016, showing an increase of 14.3% over the same period in 2015 and up 3.3% over October of the previous year. for the first time in almost 20 months. Imports of semi-finished…
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Steel smelting in Kazakhstan in 2016Data released by the Statistical Commission of Kazakhstan shows that crude steel production in 2016 increased by 9.2% compared to the same period in 2015. Refined copper production also rose 3.1%, while refined zinc production rose 0.5%. Kazakhstan produced 371,700 tons of steel in December 2016…
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Outokumpu will supply stainless steel for the 36 km bridgeOutokumpu provides stainless steel bar supplies for the Sheikh Jaber Al Ahmed Al Sabah Bridge in Kuwait. Deliveries will take place throughout 2017. All communications have a length of 36 km, of which 27 km is a bridge, and the rest is a sidewalk. The construction of the bridge requires, among…
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Nothing stands in the way of the construction of the Turkish StreamAll formalities for the international pipeline were resolved after the agreement was ratified by the State Duma of Russia. Please note that Turkish President Recep Tayyip Erdogan signed a law earlier adopted by the Turkish parliament on the ratification of an agreement with Russia on the…
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