Metallurgy news
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Significant growth in copper imports to ChinaCopper on the London Metal Exchange rose 0.3 percent as China imports most of the metal. Copper for delivery within three months is sold at LME 5,860.00 US dollars per tonne. In 2016, China imported 4.95 million tons of copper, 2.9 percent more than in 2015. In December, the Chinese imported…
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Skoda launches first aluminum stamping lineThe PXL II line was created at the Mlada Boleslav plant in a specially built building with an area of 11.6 thousand square meters. Investments amounted to 86.4 million euros. The opening of the line enables the company to use large components made of aluminum for the production of vehicles. From…
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China will reject substandard steel productionChina is going to gradually reduce the production of low-quality steel. The country hopes to rein in emerging manufacturing capacity, scrutinize new projects, push for more mergers, and tighten controls over the iron and steel sector as a whole. China launched a nationwide program to crush…
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The largest redeployment of the US Army in Europe beginsUS President Barack Obama ordered the transfer of the armored brigade to Poland. At the same time, a battalion of US NATO forces will be deployed on the border with Kaliningrad in northeastern Poland. Last week, the unloading of equipment from an armored brigade of a US military battle group began…
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US accuses China of subsidizing aluminum productionThe US turned to the World Trade Organization (WTO) as Beijing artificially increases its global market share using cheap government loans and energy subsidies. The complaint says the actions of China's aluminum industry violate WTO rules, causing "serious harm" to other members of the…
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Major iron ore importers and exporters presented the latest statisticsCountries around the world released iron ore trade data for last November. Data released by Ukraine indicates that the country's iron ore exports totaled $ 186.2 million in November last year. China was the main importer of Ukrainian iron ore. The volume of imports from China reached $ 54.73…
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Tata Steel announces significant growth in steel productionIndia's largest producer, Tata Steel, announces that the company produced 3.15 million tonnes of steel in the third quarter of the 2016/17 fiscal year ended December 31, increasing its output by 24% over the same period in the 2015/16 fiscal year. In addition, pig iron production reached 3.4…
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Rosneft will increase oil supplies to ChinaRosneft signed an annex to a long-term oil supply contract with the Chinese corporation CNPC, extending the contract until the end of 2023. According to the contract, which entered into force on June 21, 2013, Rosneft has already supplied 21 million tons of raw materials to China. CNPC is expected…
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SSAB in troubleA rolling mill was shut down at SSAB Spetsstal in Oxelösund during scheduled maintenance in early December last year. ABB has replaced the rolling mill power management system. However, during the scheduled restart, the transformer broke down, as previously reported. After the repair, during the…
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Australia predicts falling iron ore pricesAustralia is the world's largest exporter of iron ore and the Australian government's official forecasts for the next two years are that the price of iron ore will fall. The iron ore price is forecast to fall to US $ 46.7 /t in 2018 due to weaker demand from China. The senior analyst noted that…
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