Metallurgy news
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India restricts gold tradeThe Indian government obstructs the gold trade. Axis Bank - leading in the financing and management of gold imports - froze the accounts of several gold dealers. This was preceded by the arrest of two bank employees by officials of the Indian financial police. They are accused by the government of…
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Steel production on continents in South and North AmericaSteel production in South America dropped significantly during November 2016. Total monthly output fell 8.1% to 3.184 million tonnes. On the other hand, North American steel production rose 6.5% in November. The output was 8.844 million tons in November this year, compared with 8.304 million tons…
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China has reduced imports of zincRefined customs data show that China's zinc imports fell 63.49% year on year to 25.424 tons in November. At the same time, exports rose 10.17% year on year to 2,056 tons. The volume of zinc imports in the first eleven months of this year amounted to 400.951 tons, down 10.69%. From the beginning of…
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Philippines stops imports of 20,000 tons of Chinese steelThe local steel association said it would not allow the import of substandard steel products from China to ensure public safety. The Philippine government is reported to have withdrawn permits to import 20,000 tons of steel from China because the poor quality of the steel does not meet the…
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Brazilian crude steel production drops in NovemberBrazil cut crude steel production nearly 5 percent year on year to 2.43 million metric tons for the month of November this year, up from 2.55 million tons a year earlier, according to the latest figures from Aco Brasil. In addition, crude steel production in November fell 10.7 percent from 2.72…
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CISA: statistics of steel production in ChinaAccording to statistics from the China Iron and Steel Association at the end of November, 97 key steel companies in China produced 17.196 million tons of crude steel, 16.629 million tons of pig iron, 16.9851 million tons of rolled products and 3.3444 million tons of coke. Crude steel production…
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India may become a net exporter of steelIndia could become a net steel exporter in the current fiscal year, which ends in March 2017. The growth in exports over steel imports is taking place against the backdrop of improved world prices, a decline in retail sales, and demonetization in the country. In April-November, exports increased by…
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China increases oil imports from Russia and Saudi ArabiaFor 11 months of 2016, China increased its crude oil imports by 14 percent year on year to 344.63 million tons (2.577 billion barrels). The largest suppliers of raw materials to the Chinese market are Russia and Saudi Arabia. In November 2016, oil imports from Russia to China increased by 18…
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Results of steel production in Russia in November and for 11 months of 2016Russian metallurgists recorded a 5 percent increase in crude steel production in November to 5.975 million tonnes. While for 11 months, production amounted to 64.623 million tons, decreasing by 0.4% on an annualized level. During the period from January to November, the drop in steel output…
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Wood Mackenzie predicts stabilization in the oil and gas market next yearIf the OPEC agreement is able to maintain the average oil price above $ 55 per barrel, then the oil and gas industry can have a positive cash flow in 2017, for the first time since the market crash in 2014 - Wood Mackenzie envisions. Most companies in this sector will start 2017 with stronger…
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