Metallurgy news
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Canadian mining companies face cyber extortionThe wealth of mining companies and their highly paid executives have always made them ideal targets for thieves. Evidence has now become available in connection with Canadian mining companies facing the most sophisticated cybercriminal intent to extort tens of thousands of dollars under the threat…
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China to build a stainless steel plant in IndonesiaTwo Chinese firms have pledged to invest $ 1.630 billion in Indonesia. The investment will be directed to the construction of a stainless steel plant and power plant in Morowali industrial zone, Central Sulawesi as part of joint venture projects to support the development of industrial zones…
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Citi Bank gives forecast for iron ore pricesInvestment bank Citi said it has cut its iron ore price forecasts for the current year and next year amid expanding supplies. The bank believes that iron ore must fall below $ 45 per tonne for the market to rebalance. Iron ore, which is trading at just under $ 56, is down 41 percent from its peak…
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EU deeply regrets US decision on climate changeEU countries on Monday expressed "deep regret" about the decision of the United States of America to withdraw from the climate agreement. The European Commission stressed that the actual implementation of this step will take several years. The EU stressed that the Paris Agreement is not subject to…
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The main ports of Spain will be paralyzed for another 3 days due to the strikeSpain's main ports were paralyzed by a 72-hour strike earlier this month, according to a report from Spain. In addition, the dockers are planning to strike another strike at the odd hours of June 19, 21 and 23. They put heavy pressure on major ports and disrupted the delivery schedule for steel…
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Fed interest rate hike will affect base metal pricesExperts believe that the Fed's hike in interest rates will affect the metals market and generate significant changes in the future. The Fed's monetary policy is expected to lead to uncertainty in metals prices over the next two years. According to the report, the Fed (Federal Reserve System) raised…
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EU imposed duties on the import of steel bars from BelarusThe European Commission on Friday imposed duties on the import of steel reinforcement from Belarus, which, in its opinion, was sold on the European market at dumping prices. According to the EU decision, the imposed import duties over the next five years will protect European producers from unfair…
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The global market for refined zinc is in short supplyThe global refined zinc market experienced a 112,000 tonne deficit in the first four months of 2017, according to data published by the International Zinc and Lead Group (ILZSG). This is compared to a deficit of 20,000 tonnes in the same period in 2016. Global metal demand growth rose 3.7%…
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U.S. Senate clears the way for new sanctions against RussiaThe US Senate overwhelmingly decided in favor of new sanctions against Russia. Thus, according to the Senate, Russia should be punished for alleged interference in the US elections, the annexation of the Crimean peninsula and support for the government in Damascus in Syria. In order to become law…
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The United States is concerned about the growth of imports of Russian metalThe US Department of Commerce will soon present its findings from its steel import investigation. Some experts have speculations that the focus will be, among other things, on the import of cast iron from Russia. Products of the leading Russian manufacturers MMK, Mechel, NLMK and others are in…
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