Metallurgy news
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Iran will significantly increase its iron ore production capacityIran's crude iron ore production will increase to 100 million tons per year from 75 million tons per year by the end of the current Iranian year (until March 2018). This was announced by the Minister of Mines Mohammad Reza Nematzadeh, speaking at the opening of an iron ore concentrate plant with a…
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Rebar on the Shanghai Stock Exchange hits a new highChinese rebar futures jumped 4 percent to a four-year high on Friday, reflecting strong demand for construction material from the world's largest consumer. Rising steel prices have boosted profit margins for Chinese factories, potentially driving growth. Iron ore raw material prices also rose. “As…
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Zaprozhstal actively cooperates with educational institutionsAnnually about 1,500 students of universities, colleges and vocational lyceums undergo introductory, industrial and pre-diploma practice at Zaporizhstal. In 2017, over 700 students and pupils underwent practical training at the enterprise. Based on the results of practical training, 100 best young…
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Ukraine already feels the reduction in gas transitThe restriction on the transit of Russian gas through the territory of Ukraine affected the country's budget. Moscow's actions show that it is necessary to take into account in the budget the possibility of reducing transit. The decline in gas transit is not a surprise. As soon as Russia has the…
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Iron ore market in chocolateVale, the world's largest iron ore producer, says the industry is taking advantage of the sweet moment when rising prices generate a neat profit, but not enough for a long run. “The market is in a sweet spot right now with iron ore prices ranging from $ 60 to $ 70,” said Vale SA Chief Financial…
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The Ukrainian government has purchased a large batch of Mitsubishi Outlander hybridsA handover ceremony of 635 Outlander PHEV vehicles was held in Kiev with the participation of the Prime Minister of Ukraine and Osamu Masuko, President and CEO of Mitsubischi. For the company, this is the largest order in the history of the PHEV fleet. In line with the policy of reducing CO2 and…
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Juncker: if necessary, we will respond to US sanctions against RussiaThe US intention to tighten sanctions against Russia could force the EU to react if it violates the economic interests of the EU, as the head of the European Commission Jean-Claude Juncker said in an interview with ARD radio. In response to the signing of the law to tighten sanctions against Russia…
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Steel market overview in the USAWith ongoing talk of a Section 232 investigation in the US, steel market participants are uncertain about the direction of domestic pricing. US steel prices are expected to be lower in summer as market activity slows down during the holiday season. However, the possible introduction of additional…
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Outokumpu sells its pipe plant in the USAOutokumpu sells its pipe plant in Wildwood, Florida, USA to the leading US distributor of Taiwanese company Ta Chen International Inc. This was reported by the company MDM Group . The divestiture serves the company's financial and operational interests, allowing Outokumpu to focus on US stainless…
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China promises complete rejection of scrap metalChinese Prime Minister Li Keqiang has pledged to maintain a "relentless" drive to halt induction furnace-based steel mills, boosting the country's steel and iron ore markets. The most active iron ore contract on the Dalian Commodity Exchange rose 8% today, while the most active rebar contract rose…
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