Metallurgy news
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Ukraine buys coal from PolandUkrainian energy company DTEK, owned by Rinat Akhmetov, announced its intention to purchase 100,000 tons of coal from Poland to fill the shortage of raw materials. DTEK explains that due to low temperatures in December, almost 35 percent more coal was consumed than in the same period last year. “In…
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State of the international scrap metal marketAs the steel mills cut their scrap purchases, prices fell every month, and when the price of scrap reached a minimum, the mills began to buy material at a lower price. So when steel mills started buying again this year, scrap prices jumped. World scrap prices are still on the rise as the Chinese…
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Copper loses its value amid strong dollarThe US currency has strengthened to its highest level since 2005, and this discourages investors from buying assets in US dollars, including industrial metals. “A strong dollar always has a negative impact on metal prices,” recalls Frank Cholly, senior market strategist at RJO Futures in Chicago…
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Metinvest boosts steel exports to the EUThis year Metinvest has increased the number of products with double certification - national and EU, which allows selling steel on the domestic market and for export. Currently, these are not only slabs, but also galvanized coils, circles, pipes, etc. According to the Ukrainian Center for Steel…
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Falling demand for iron ore in China in 2016According to Chinese media reports, the country's iron ore demand has declined, but traders are poised to reap their highest annual profits at the end of 2016. Strong futures have boosted iron ore spot prices by more than 70% this year and made this year the best year for raw steel production since…
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The steel industry expects muted growthA softening in the price of a key steelmaking ingredient, coal, coupled with rising steel prices will help restore healthy margins in the metals sector, said Mike Shillaker, an analyst at Credit Suisse. “The second, third and fourth quarters of 2017 will be better than this year,” he added…
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Yunnan Aluminum builds new cathode aluminum lineYunnan Aluminum has built the largest cathode aluminum production line with a capacity of 150,000 tons-300kA per year based on its aluminum subsidiary Runxin. The production line has already passed the examination. The electrolytic cell has a lifespan of more than 500 days longer than average…
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China intends to punish steelmakers who do not kick out the plan to reduce capacityThe shrinking production capacity will bode well for large and modern steel mills in China, leading to consolidation in a highly fragmented industry. This should also ensure an increase in the capacity utilization factor. Chinese government officials said the centrally controlled state-owned steel…
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Italy's steel exports fallAccording to statistics published by the Association of Italian Steel Manufacturers (Federacciai), in the first ten months of 2016, Italy's steel product exports to non-EU countries amounted to 8.851 million tonnes, down 1.1% year on year. Exports of long products totaled 491,000 tonnes, down 5.6%…
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Steel prices will rise well in 2017Since its peak in summer, global flat steel prices have dropped slightly. Nevertheless, there is some reason to believe that the price is ready to rise. At the same time, prices in China, the world's largest consumer and producer of steel, are now at their highest level in two years, while prices…
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