Metallurgy news
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15 killed in a coal mine in ChinaRescuers in the southwestern Chinese city of Chongqing were still trying to find 18 missing miners on Tuesday, fearing they were killed by a gas explosion. Hundreds of rescuers, including firefighters, police officers and security specialists, were immediately dispatched to the scene of the tragedy…
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Glencore closes another zinc mineAlong with steelmaking raw materials - iron ore and coking coal, zinc is the best mining commodity in 2016. It trades at $ 2,374 per tonne, up 47% YTD. The outlook for zinc has improved significantly after the closure of two major mines last year, the Century in Australia and the Lisheen mine in…
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The price of Russian wheat is growing against the background of strengthening prices in UkraineRussian wheat export prices rose for the sixth time in a row, supported by high prices in Ukraine, a competitor across the Black Sea that recently signed major deals with India. Russian wheat prices for delivery across the Black Sea in November were at $ 178 per tonne for delivery on board (FOB)…
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PJSC "Zaporizhstal": production results in October 2016In October 2016, PJSC Zaporizhstal produced 317.4 thousand tons of pig iron, 333.4 thousand tons of steel, 285.2 thousand tons of rolled metal. The decrease in production indicators in October 2016, compared to the same period last year, is due to the shutdown in October 2016 for repairs of blast…
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Rio Tinto Sells $ 50 Billion Share in Iron Ore MineRio Tinto Limited has announced plans to sell its Simandou iron ore project to Chinalco China, the world's largest consumer of iron ore. Simandou, located in Guinea in Africa, is estimated to have the world's largest untapped iron ore reserves (2 billion tonnes), valued at US $ 50 billion. Rio…
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In China, 33 miners are trapped in a gas explosion in a coal mine33 miners were trapped in a mine near Chongqing, southern China, where a gas explosion occurred Monday before noon local time, China's Xinhua news agency reported. “We do not know what condition the miners are in,” the agency said. “After the explosion, we managed to save two miners. The condition…
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Dynamics of prices for steel products in emerging marketsThe Brazilian metals industry is struggling to adapt to an unpredictable business environment. Distributors plan to continue their conservative purchasing strategies in November, citing price volatility and weak economic fundamentals. Russian steelmakers are based on the prospect of a decrease in…
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Iron ore pellets increased in price by 25% yoyPellet supply for 2017 remains at $ 45 tonne, which indicates an increase of more than 25% on an annualized basis, amid strong demand and as supply remains limited. “Demand for high quality iron ore rose after the spike in coking coal prices in the third quarter of 2016, as the higher the Fe…
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MEPS Steel Price PredictionEuropean flat product sales are expected to continue to grow moderately in the fourth quarter of 2016. European factories have raised their prices because they have a large volume of orders for the remainder of 2016. In addition, rising coking coal costs are pushing higher sales prices for steel…
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EU allows Gazprom more access to German gas pipelineThe EU Commission allows Russia to transport more gas to Germany via the Opal pipeline. The EU has approved an expansion for the Russian Gazprom group to access the Opal pipeline in Germany. The company can provide more capacity as Gazprom is currently allowed to use 50 percent of the capacity. The…
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