Metallurgy news
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Analyst: there are no signs of stopping the rise in oil pricesThe oil market started 2017 with a continuing increase in 2016. In the coming weeks, investors will focus on the fact that OPEC producers and outside the organization will actually begin to implement provisions on limiting the supply of raw materials. “The reports from Kuwait and Oman have been…
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Stainless Steel Producers Raise Prices SignificantlyStainless steel prices are rising rapidly due to improved demand and higher raw material costs, which are at least half as much as last year. This leads to higher prices for manufacturers of finished products. According to analysts at MEPS International, moderate demand is pushing prices up on the…
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Good forecasts for metals for Q1 2017The first quarter of the new year can be a good time for industrial metals. Copper on the London Metal Exchange (LME) traded at the open of trading at $ 5492.00 a tonne and rose to $ 5500.00 at the close on Tuesday. It is worth noting that in the fourth quarter of 2016 the increase in copper prices…
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China's industrial growth beat forecastsChina's PMI is at its highest level since 2013 according to the latest results. Industrial production in China rose stronger-than-expected, thanks to increased demand in December last year. The Caixin /Markit Purchasing Managers Index released on Tuesday rose one point to 51.9 on a seasonally…
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Turkey has the ability to increase steel exportsImproved markets in Europe, the United States and the Far East have led to an increase in Turkish steel exports. The relatively low prices for scrap metal will especially help to improve its competitiveness. According to the Association of Turkish Steel Exporters, the situation in the metallurgical…
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China: smog canceled hundreds of flights and closed routesThe smog in Beijing is so thick that you cannot even see buildings in the immediate vicinity. Going out into the street, residents put on various masks. The smog forced Chinese authorities on Sunday to cancel hundreds of flights at airports in Beijing and Tianjin, as well as to close some highways…
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Russia dreams of creating a steel giantAlisher Usmanov, the owner of Metalloinvest, believes that Russia should create the largest metallurgical company comparable to Gazprom. This requires the amalgamation of existing companies. Now Metalloinvest is going to invest in the modernization of its plants. There is an oil giant and a gas…
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PJSC "Zaporizhstal": production results in December and for 12 months of 2016In December 2016, PJSC Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel, 267.4 thousand tons of rolled products. In January-December 2016, 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel, 3367.9 thousand tons of rolled products. Decrease in…
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Ukraine canceled the export registration of scrap metalThe Cabinet of Ministers of Ukraine canceled the system of registration of foreign economic contracts for operations with scrap metal by its Resolution No. 1035 dated December 28, 2016. Interfax-Ukraine reports. "The decree cancels the mandatory bureaucratic procedure for such registration, which…
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Rosneft acquires stakes in three refineries in GermanyWith direct involvement in three refineries in Bavaria, Brandenburg and Baden-Württemberg, Rosneft will be able to control 12 percent of Germany's capacity, the state-controlled Russian company said. Rosneft Germany will thus become the third largest company in the oil refining market in the…
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