Metallurgy news
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JSW Steel's steel production jumped 45% in NovemberJSW Steel's crude steel production rose 45% in November. Flat product output climbed 71 percent. However, long products production recorded a 2 percent decline in November 2016. | JSW Steel is part of the diversified JSW Group, which is one of the leading conglomerates in India with a presence in…
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MEPS expects continued growth in steel pricesAccording to MEPS research, international flat steel sales have been on an upward trend throughout 2016. Significant price fluctuations are expected when negotiations between factories and customers take place in December. In addition, strong growth is likely to be on the spot for coking coal in…
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Iron ore and steel contract prices rise in ChinaChinese futures rallied on the back of upbeat economic data and restocking traders in anticipation of strong demand for steel next year. This pushed up the prices of iron ore and other raw materials. Growth in China's services sector rose to a 16-month high in November. Against the backdrop of…
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India becomes the largest market for POSCO electrical steelChina has imposed a 37.3% anti-dumping tariff on POSCO's electrical steel imports. This affected the export of POSCO electrical steel to China, and as a result, POSCO expanded exports to India. At the end of this year, India has become the largest export market for POSCO's electrical steel…
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ThyssenKrupp announces sales declineThe largest German steelmaker ThyssenKrupp announced that sales of the European business sector fell. Sales were low in the third quarter of 2016 due to weak global economic growth. The Brexit of the United Kingdom and the US elections increase the uncertainty of the global economic market. Global…
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Nickel prices remain at $ 11,000 per tonOn the London Metal Exchange, nickel prices fell below $ 11,000 per tonne at the end of November 2016, and returned to the same level in December. But Brexit and the situation in Italy due to lagging behind Italian Prime Minister Renzi, as well as a strong dollar, continue to threaten base metals…
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India needs about 885 million tons of coal per yearIn India, an annual assessment of the need for coal for the country's industry is carried out. For the 2016-17 fiscal year, coal demand was estimated at 884.87 million tonnes, the Minister of Coal Industry said. Steps taken by the government to increase domestic production include efforts to…
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Turkey: Parliament approved the construction of the Turkish streamThe Turkish parliament has ratified a law for the construction of a Russian-Turkish gas pipeline stream. Voting took place as follows: 210 votes for and 7 against. Ankara and Moscow signed an agreement on a gas pipeline in Istanbul on October 10, after Turkish President Recep Tayyip Erdogan and…
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China PMI hits new highAccording to the Professional Committee of Steel and Logistics of China, the PMI in China's steel industry was 51% in November, up 0.3% from a month ago. The indicator has been recovering for two consecutive months, reaching its highest level in five months since May of this year. The demand in the…
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Chile's copper production drops in OctoberChile produced 445.117 tons of copper in October, down 11.1% from the same period last year, according to Chilean government data released this week. The decline in output from Chile, the world's largest copper producer, is also due to a major mines cut in copper production and processing due to…
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