Metallurgy news
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Steel smelting on the rise despite cuts in capacity in ChinaCrude steel production in China in the first three quarters of this year increased significantly compared to the corresponding period last year. Meanwhile, government officials said the centrally managed state-owned enterprises are on track to meet their 2016 annual capacity reduction target…
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Copper in London holds near 2-week highsCopper prices on the London Metal Exchange are holding near their highest levels in two weeks, strengthening on the back of improved outlook for the US economy and the recovery in China's steel sector, which is fueled by speculative buying in base metals. Copper on the London Metal Exchange fell…
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Putin: we offer gas to Ukraine for $ 180Russia is ready to sell gas to Ukraine at $ 180 per thousand cubic meters, but Kiev will buy gas on the reverse reverse principle, as Russian President Vladimir Putin said on Thursday and pointed out the possible reasons for this state of affairs. Ukraine stopped buying gas from Russia in November…
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What caused changes in coking coal prices?The long-awaited rise in coking coal prices on world markets for mining companies is gradually affecting steel production. In 2010-2013, the boom in high coking coal prices was driven by strong demand for steel products and rising prices in most regions of the world. Currently, the rise in prices…
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Moody's: Chinese and Russian steel imports negatively affect European metallurgistsContinued competition from cheaper Chinese and Russian imports will maintain a poor outlook for the European steel industry over the next 12-18 months, Moody's Investors Service said in a published report. “Global and regional imbalances between supply and demand will continue to weigh on sector…
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EU Parliament Calls for Freeze Nord Stream 2The EU Parliament resolution calls for freezing the construction of Nord Stream 2. "The German-Russian gas pipeline is contrary to European interests." Instead, the European Parliament is in favor of developing a network of LNG terminals. Nord Stream 2 poses a threat to supply lines in the…
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Posco Reaches Most Profit Since 2013 Amid Rising Steel PricesPosco, the largest steelmaker in South Korea, posted the largest quarterly profit since 2013, as a boom in China's real estate and infrastructure sectors drives global prices higher, driving margins at Asian factories. Moody 's Investors Service revised the company's rating outlook from negative to…
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Ten thousand steelworkers on the streets of BrusselsIndustriALL is organizing a demonstration on 9 November to bring 10,000 steel workers across Europe to the streets. The association has nearly 7 million members and is committed to countering the shrinking steel industry in the European Union. IndustriALL recalls that before the crisis, more than…
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Leading steel producers in September 2016According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association totaled 132.909 million tonnes in September this year. Monthly output increased 2% over the same month last year. These 66 countries produced…
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Brexit will reduce steel consumption in EuropeAccording to Eurofer, the impact of Brexit next year will weaken investment activity and thereby reduce demand for steel. Steel consumption in the EU will fall in the second half of this year. In the second quarter of this year, apparent steel consumption in the European Union grew by 2.3 percent…
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