Metallurgy news
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Fighting broke out on the borders of RussiaArmed clashes between Islamists and security forces took place in Kazakhstan. In Armenia, armed men occupied a police station and killed the major. The Kremlin is alarmed and fearful of destabilization in Russia's border regions. Since both countries, Kazakhstan and Armenia, are considered close…
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E-waste recycling challengesThe UN Environment Program predicts that between 2007 and 2020, the amount of e-waste in India will grow by as much as 500%, and in South Africa and China from 200% to 400%. E-waste is the unofficial name for electronic products. approaching the end of their "useful life". E-waste is computers…
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Beijing is back in the spotlight on European steel marketsAt the Steel Markets Europe conference, held less than a week after the United Kingdom voted to leave the European Union, this historic decision pale in comparison to concerns over China's continued influence in European steel markets. “China is a bull in a china shop, when it moves, it can do a…
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Copper price forecastIf an increase in copper in warehouses is an indicator, then copper prices may be under pressure. Copper on the London Metal Exchange (LME) is currently up 18% over the past week, the highest level since February, according to a report from the Financial Times. Prices have recently hit a two-month…
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China's coal production drops 17% in JuneChina produced 277.54 million tons of coal in June, down 16.6 percent from a year earlier, according to data released by the National Bureau of Statistics on Friday. During the first six months, China produced a total of 1,627.64 million tons of coal, down 9.7 percent year on year. The fall was not…
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Alcoa boosts profits in the automotive industryIn the second quarter, Alcoa's consolidated revenue, which consists of the Alcoa and Arconic segments, was $ 5.3 billion, down 10 percent from last year. This decline is the result of lower prices for aluminum and alumina, which have not been offset by recent 4% growth. The rental segment, as a…
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Ukraine plans to sell An-178 aircraft to AzerbaijanDuring the visit of the President of Ukraine to Azerbaijan, Petro Poroshenko, speaking in Baku with statements for the press together with the President of Azerbaijan Ilham Aliyev, said that one of the most promising projects for Ukraine is the sale of An-178 aircraft to Azerbaijan, and that the…
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USDA revises its grain export forecast for Ukraine for 2016/17The United States Department of Agriculture (USDA) predicts that Ukraine will receive a harvest of 61.225 million tonnes of grain in the current agricultural year (July 2016 to June 2017), up 2.4 percent from the previous forecast. The country should export 33.63 million tons of grain, up 3 percent…
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China confirms plan to cut steel and coal productionChina will use every means to cut steel and coal capacity this year, despite domestic producers' reluctance to cut output amid rising prices. “As government leaders emphasize, we must fulfill the plan to reduce excess steel and coal capacity this year,” said Zhao Chenxing, a spokesman for the…
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Kerry met with Putin and LavrovUS Secretary of State John Kerry arrived in the Kremlin to meet with Russian President Vladimir Putin and Russian Foreign Minister Sergei Lavrov. This is Kerry's second visit to Russia since the beginning of the year and the fourth since May last year. During the talks, they discussed the situation…
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