Metallurgy news
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Russian gas prices began to rise for the first time since the end of 2014For the first time in a year and a half, the price of Russian gas on the border with Germany began to rise, the IMF said in a statement. In July, the price of Russian gas was $ 4.3 per million British thermal units (BTU). This means that the price of raw materials from Russia increased by 6.4…
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Ankara proposes to connect Turkish Stream and TANAPTurkish Foreign Minister Mevlut Cavusoglu has proposed connecting the Turkish gas pipeline currently being developed by Russia and the Trans-Anatolian Natural Gas Pipeline (TANAP), which will supply Azerbaijani gas to Europe in 2020, TRT Haber news channel reported. Cavusoglu said that Ankara plans…
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For the complete modernization of the Chinese metallurgy, it is necessary to leave only one of the three workersWe have written many times about China's plans to cut production. Typically, focusing more on the tonne reduction plan than on employment reduction. China promises to cut its production capacity by 150 million tons and its employment by half a million people. The number of laid-off workers is…
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Metal recycling problemsAccording to the EU, two thirds of all e-waste in the EU is not recycled, resulting in annual losses of € 1.5 billion. The so-called urban mining industry in cities, associated with the recycling of already unused infrastructure, will help to correct the situation. Old pipes and tubes contain…
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Steel consumption declines in India, exports riseSteel consumption in India fell for the second straight month in July, falling more than 7 percent to 6.3 million tonnes from June. Likewise, in June this year, demand for the metal amounted to 6.8 million tons, down 4.3 percent compared to June 2015, and also fell 8 percent compared to May 2016…
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Indonesia hopes to help Ukraine grow wheatIndonesia and Ukraine agreed to intensify cooperation in the agricultural sector. “Apart from technology transfer, it is hoped that Ukraine will invest in agriculture in Indonesia, especially wheat,” writes The Jacarta Post. The President of this country was present at the signing of an agreement…
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CIS pig iron exporters look forward to better offersBlack Sea iron ore trading has been at firm prices in the first week of August, with CIS producers maintaining higher bids and even making small gains in recent sales, market sources said. Traders in Europe noted that after prices bottomed out, prices began to rally due to higher "buying interest…
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The costs of metallurgical production are growingPrices for raw materials used to make steel are rising, forcing metallurgists to think about further increasing the price of their products. Iron ore, the main material used in blast furnaces, rose to a three-month high, while coking coal surpassed the critical price level of $ 100 per tonne. Steel…
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Coking coal prices rise to $ 100 per tonCoking coal prices have clearly increased in recent weeks. Quotes as of August 5 this year for a tonne of FOB Australia coking coal reached $ 100. This is the highest figure in the last 16 months, that is, since March 2015. This significant price increase has been achieved since November 2015, when…
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Turkish Gas Pipeline May Get New MomentumThe Turkish Stream project, the implementation of which is widely discussed after the normalization of relations between Turkey and Russia, may receive a new impetus this week. The construction of the gas pipeline is expected to be one of the topics for discussion during the meeting of Russian and…
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