Metallurgy news
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USA increases steel output in the first week of the yearFor the week ended January 7, in the United States, crude steel production amounted to 1.684 million tons, capacity utilization - 71%. Currently, the United States' average weekly steel production is about 1,592,000 tonnes, with a capacity utilization rate of 67.1% After adjusting, weekly US crude…
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World Bank envisions global economic recoveryThe World Bank expects the global economic recovery to expand 2.7 percent in 2017, after a weaker level of 2.3 percent last year. World Bank experts believe that the growth of economic production in industrialized countries will be 1.8 percent. Emerging and developing economies will climb 4.2…
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Russia cuts oil productionDuring the first decade of January, Russian oil companies reduced oil production by 100,000 barrels per day. This is the third part of what is expected in connection with the agreement with OPEC. OPEC countries on November 30 agreed to cut production by 1.2 million barrels per day - to 32.5 million…
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China announces further cuts in steel and coal productionXu Shaoshi, chairman of the National Development and Reform Committee, said China will continue its program to cut steel and coal production. However, this does not apply to the reduction in aluminum production. He clarified that in 2016 his country reduced steel production by 45 million tons and…
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What can we expect in the stainless steel market in 2017?The positive trends observed since the second half of 2016 are well manifested this year as well. The stainless steel market situation in 2017 will improve. The price of stainless steel products has clearly increased over the past few weeks, in line with the worldwide trend. There are several…
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Gold goes up and waits for TrumpThe first week of the new year was a period of growth for gold. Investors are wondering what Donald Trump's presidency will bring. Ole Hansen, Head of Commodity Strategies at Saxo Bank, explains: "At the beginning of the year, we are seeing buying pick up again and there are several factors that…
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Best Metals and Commodities of 2016Iron ore and zinc were the top performing commodities of the past year. Iron ore ended the year with 81% growth, the first calendar win in four years. At the same time, zinc jumped 65.7% YoY as major zinc mines were closed and supplies and supplies of this raw material declined. Here's how base…
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North Korea celebrated its leader's birthday without launching rocketsNorth Korea celebrated its leader Kim Jong-un's birthday on January 8 without new missile tests. He allegedly turned 35 on Sunday. Although, "without a missile test, there is no certainty about his actual birthday," various news agencies ironically note. At a briefing on Friday, South Korean…
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Deutsche Bank on the rise of Ferrexpo PLC sharesIn its latest report, Deutsche Bank raised its target price for Ferrexpo PLC (LON: FXPO) from 185.00GBX to 205.00GBX with a potential 0.82% upside. Ferrexpo Plc operates in mines and a processing plant near Kremenchug in Ukraine. The Company's activities are vertically integrated: from iron ore…
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Trump wants to have good relations with Russia despite hacker attacksAccording to American intelligence, Vladimir Putin wanted to help Donald Trump win the election while discrediting Hillary Clinton. However, Trump still doesn't believe it. Washington /New York - US President-elect Donald Trump has reiterated that he wants to maintain good relations with Russia…
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