Metallurgy news
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China buys German scrap recycling companyChinese companies expect significant growth in the country's scrap metal market in the coming years. One of the Chinese companies decided to buy the German company Scholz Holding in order to gain the know-how needed to operate in the scrap metal market. The Chinese Chiho-Tiande Group bought Holding…
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In November, the EU will discuss granting China the status of a market economyIn the first half of November, the EU will submit a legislative proposal to grant China the status of a country with a market economy. This issue is important, in particular, in the context of the challenge in connection with the application of price dumping by China in the metallurgical industry…
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Ukraine does not plan to produce shale gasKiev announced that it will use hydraulic fracturing technology, but this is not for shale gas production, but to improve the efficiency of traditional fields. For Ukraine, the increase in gas production is a matter of national security. Ukrainians want to reduce their dependence on imported gas…
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Reinforcing bars on the Shanghai Stock Exchange hit a six-month high amid strong demandSteel rebar futures on the Shanghai Stock Exchange have stabilized near their highest level since April this year, supported by robust consumer demand in China, which also keeps iron ore spot prices at six-month highs. Steel production at factories that are members of the China Metallurgical…
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European manufacturers demand protection from Chinese exportsRepresentatives of the metals industry, trade unions and the European Parliament sent a letter to Jean-Claude Juncker, President of the European Commission, on the need for legislative negotiations with China. In the letter, they expressed their satisfaction with the decision of the European…
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Fear of Trump's victory pushes gold above $ 1,300The odds of Donald Trump winning the U.S. presidential race are scaring the market, prompting investors to look for a safe haven in gold. The precious metal rose to $ 1,300 an ounce for the first time in nearly a month after opinion polls showed Trump was gaining traction in the election, and the…
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MEPS predicts record global stainless steel productionMEPS predicts that global stainless steel production will hit a record high of 43.3 million tonnes in 2016, up 4.2 percent from the previous record set last year. MEPS expects further growth in global production in 2017 to reach a new peak of 45 million tonnes. Global stainless steel production in…
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Steel output increased in UkraineSteel production in Ukraine in the first ten months of this year increased by 5 percent to 20.2 million tonnes, as the industry recovered slightly from the sharp drop in production volumes last year associated with the war, the producers noted. Steel production in Ukraine fell 16 percent in 2015 to…
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Steel prices will remain at current levels in the coming months - MEPSMEPS International notes that despite the fact that the Chinese authorities have announced a plan to reduce capacity by 100 - 150 million tons by 2020, steel production in the country continues to grow. In the first three quarters of this year, steel output increased by 0.4 percent. However, in…
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Ukrainian wheat stocks are 16% lower than last year amid growing exportsAccording to the official statistics of Ukraine, as of October 1, 2016, stocks of grain and leguminous crops amounted to 24.87 million tons, which is 3.5% less than on the same date in 2015 - 25.77 million tons, as reported UkrAgroConsult. Wheat stocks at the reporting date were lower by 16% -…
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