Metallurgy news
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Nickel market deficit is growingNickel demand has grown by 3.4 percent since the beginning of 2016, while production recorded a slight decline of almost 1 percent. A moderate recovery in global stainless steel production will ease pressure on nickel prices. Growth in demand for long and sheet stainless steel products, stainless…
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Baosteel cuts prices for major steel productsChina's largest steelmaker, Baoshan Iron & Steel (Baosteel), has slashed its prices for key steel products for July delivery, the company said in a statement. Hot rolled coil and cold rolled steel prices were cut by 200 yuan ($ 30.37) and 180 yuan per tonne, respectively, according to the company.
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Dneprospetsstal: production results in May 2016In May 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 20,891 tons of steel, which is 13.1% higher than the level of the previous month. During the same period, the Company produced 12 397 tons of rolled metal, which is 1.4% less than in April 2016. The…
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Chinese miners are interested in buying a zloty mine in KazakhstanThree Chinese firms Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. are competing for the Glencore gold mine in Kazakhstan, which the miner put up for sale earlier this year. Glencore wants to receive about $ 2 billion for its mines at the Vasilkovskoye field. The sale will…
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Ukraine expects to buy Russian gas at lower pricesKiev expects the price of Russian gas to fall below $ 177 per thousand cubic meters in the third quarter. If this does not happen, then Ukraine will continue to buy gas from the West, like many other goods that can be bought at http://tv- shopp.com.ua/novinki with delivery from China, Turkey, USA…
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Mitsubishi cuts costs in steelmaking equipmentMitsubishi Heavy Industries Ltd., a manufacturer of a wide range of products from submarines to nuclear reactors, is committed to cutting costs in the steelmaking equipment sector with Siemens AG, a German company. In January last year, the merger of Mitsubishi Heavy and Siemens divisions formed…
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Gas consumption has increased in the EUIn 2015, gas consumption in the European Union increased by 4.6 percent and amounted to 402.1 billion cubic meters. The EU accounted for 11.5 percent of global gas consumption last year. World gas consumption in 2015 reached 3.468 trillion cubic meters. According to the data, gas consumption in the…
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Posco expands capacity at its Gwangyang steel plantPosco Gwangyang's steel mill in South Korea relaunched its blast furnace 5 after the upgrade. As a result, the furnace capacity increased from 3,950 cubic meters to 5,500 cubic meters, thus increasing the production capacity to 5 million tonnes per year. It is currently the 9th largest blast…
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Investors' appetite for industrial metals is growingCopper prices on the London Metal Exchange rose 0.4 percent. Copper on the LME market is valued at $ 4,594.50 per tonne with a 3-month supply. A new company, Trade 12, has appeared in the circle of brokers, with which traders can also trade metals, in addition to the Forex currency. Reviews about…
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Coal is in record demandThermal coal is the world's second most important thermal fuel, and after crude oil surged above $ 50 a tonne this year, it has new benchmarks for thermal coal, especially in the face of supply disruptions and increased demand. After several years of recession, supportive factors were a surge in…
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