Metallurgy news
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Turkey to send mobile military hospitals to UkraineTurkey intends to send five mobile military hospitals to Ukraine, which will be delivered by the flagship of the Ukrainian naval forces, the Hetman Sahaidachny frigate, which is participating in joint military exercises with the Turkish armed forces, which are currently taking place in the Sea of…
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The global copper market expects a deficit of 500,000 tons by 2020The global copper deficit may widen after 2017 as new mines are unlikely to be built. Global markets are likely to face a 500,000 tonne deficit by 2020, according to Javier Targetta, senior vice president of marketing and sales at Freeport-McMoRan Inc. A Freeport spokesman expects a new wave of…
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Iron ore imports to China rise 8 percent in FebruaryIn February 2016, China's imports of iron ore rose 8.3 percent to 73.61 million tons from a year earlier, according to customs data. During this period, major miners increased shipments of iron ore to gain a larger market share for the world's largest consumer of this raw material. Imports also…
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Ukraine plans to participate in the modernization of Iran's energyIran and Ukraine have reached an agreement on the participation of Ukrainian companies in the modernization of the Iranian energy infrastructure, according to the Ministry of Energy and Coal Industry of Ukraine. The report says that Ukraine and Iran have agreed to start work on projects under which…
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Rebar prices continue to rise supported by scrap and billet pricesTurkish companies offer rebar at a price with a further increase amid increased demand. The offer price is in the range of $ 360-370 per tonne EXW. Recent increases in scrap and billet prices have also contributed to higher prices in the domestic rebar market. Accordingly, export prices for rebar…
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ArcelorMittal Announces Sale of Several US Steel Smelting FacilitiesArcelorMittal has decided to sell three of its US steel plants. The company noted that it is in talks to sell some long products. The company intends to sell LaPlace, Steelton and Vinton properties. In addition, the company also decided to permanently close the Luxembourg Schifflange plant. The US…
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Gold prices rose 20 percent in 2016Gold trades just below $ 1,270 an ounce on Monday in London, expanding last week's gains and pushing the yellow metal 20 percent above its level since early 2016, while in the Eurozone, stock markets await the next negative interest rate decision by the European Central Bank. at the end of this…
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Oil price is risingWorld oil prices continued to rise on Monday amid reports of a reduction in the number of rigs in the US, which positively affects the overcrowded energy market. As of Monday, the price of May futures for Brent crude oil increased by 0.76 percent to $ 39.48 per barrel, while the cost of April…
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Central banks turned their backs on the dollarSince the financial crisis in 2008, the world's major central banks are increasingly buying physical gold and storing it in their vaults. This represents the longest global gold buying cycle since the Vietnam War began in 1965. At the same time, world gold reserves of central banks were in decline…
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Armistice is observed in SyriaOn the territory of Syria, in general, the ceasefire regime is observed, but there are occasional shelling, according to the official spokesman for the Russian Ministry of Defense, Major General Igor Konashenkov. “In general, the cessation of hostilities is observed in the territory of the Syrian…
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