Metallurgy news
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Growing Confidence in Brazilian Construction Sector Supports Rebar PricesConfidence in the Brazilian construction market supported domestic rebar prices, dampening any discounts expected during the seasonal slowdown in the fourth quarter. Weekly S&P estimates for 10mm rebar remained stable at $ 529.14 /t ex-works. Construction companies and factories have agreed, and…
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Chinese steel exports decline to 7-month lowChinese steel shipments in September of this year amounted to 8.8 million tons, which is more than 2% lower when compared with exports of almost 9 million tons in August 2016. This is the third consecutive month that there has been a decline in Chinese steel exports. The drop in exports is mainly…
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Coal production in Ukraine decreased by 3.6% in SeptemberTotal coal production in Ukraine fell 3.6% year on year to 3.52 million tonnes in September 2016 from 3.65 million tonnes in September 2015, but was up from 3.5 million tonnes in September 2016. August this year. In September, thermal coal output rose 0.3% year-on-year to 2.93 million tonnes, while…
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China's top steelmakers capitalize on rising steel pricesChina's two largest steel mills said their net profit rose in the third quarter as rising steel prices this year eased troubles for the world's largest producer. HeSteel Co. expects to see net income at the highest level since 2010 amid rising prices. According to the company's statement, net…
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What will be the demand for thermal coal?Of all the major commodities, it can be argued that thermal coal is currently facing the largest shortage, but there is a risk of declining demand in the next 10-20 years. The Paris Climate Agreement has been ratified by more than 70 countries, accounting for 57% of global greenhouse gas emissions…
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World stainless steel production in the 1st half of 2016 exceeded 22 million tonsAccording to the latest statistics released by the International Stainless Steel Forum (ISSF), global stainless steel production increased 4.10% in the first six months of 2016 compared to the corresponding period in 2015. In the second quarter of this year, volume increased by 15% compared to the…
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Nordic countries discuss the possibility of building Nord Stream 2Against the background of the situation in Ukraine and the deteriorating security in the Baltic region, there is a lively discussion in the Nordic countries about Nord Stream 2, according to analysts at the Center for Eastern Studies. In recent months, there has been a revitalization of discussions…
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The Russian government adopted the draft budget until 2019The Russian government approved the draft budget for the period from 2017 to 2019, which provides for GDP deficits of 3.2 percent, 2.2 percent and 1.2 percent over the next three years. The draft is subject to minor amendments and will be submitted to parliament on October 28. The project provides…
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The explosive rise in coking coal prices is not overAfter a prolonged and largely monotonous decline since 2011, coking coal prices have skyrocketed in recent months. The rise is supported by a combination of factors, some of which include reforms in China's coal industry and supply disruptions. Spot prices for premium hard coking coal off the east…
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Russian gas floods Europe through UkraineThere is a record increase in Russian gas exports to Europe using the Nord Stream, Yamal and Druzhba gas pipelines. Winter has not yet begun, and the demand for Russian gas is as if Europe is experiencing extreme cold. Europe is always carefully preparing for the heating season, while the heating…
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