Metallurgy news
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Copper prices in China presented an unpleasant surprise to tradersThe import of refined anode copper to China in August 2013, contrary to the expectations of market participants, fell to a 14-month minimum of 387 thousand 564 tons, which is 5.6 percent less than in July. “This is a surprise. Some contract parties may have been resold to other markets. The…
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China reduced iron ore imports by 5.6 percentIn August 2013, China imported 69.010 million tons of iron ore, which is 5.6 percent less than the July record result of 73.140 million tons. This is evidenced by the data of China's customs statistics. Meanwhile, despite the monthly fall, in August 2013, an annual comparison increased an increase…
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Credit Suisse predicts an increase in iron ore prices by $ 60 in 2015Analysts of the Swiss financial conglomerate Credit Suisse note good prospects for the growth of the global steel market, which will pull up the prices of iron ore. Expert optimism applies to the long term: after a three-year decline, the metallurgical sector looks just like in 2003-2004 when a…
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Moscow chooses a boss for himselfIn the capital of the Russian Federation, Moscow today opened plots for voting in the election of the mayor of the city. Six candidates apply for the mayor. This is Mikhail Degtyarev from the LDPR, Nikolai Levich from Fair Russia, Ivan Melnikov from the Communist Party, Sergey Mitrokhin from…
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The former millionaire of the Batista strives to reduce the share in MMXBrazilian tycoon Eike Batista, who planned to become the richest person in the world in 2013, lost most of his condition due to unsuccessful acquisitions of extracting objects. Mr. Batista is currently negotiating, which can reduce his controlling stake in the Brazilian iron ore of the MMX…
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Mining and processing plants of Ukraine increased the production of iron ore raw materialsUkrainian GOKs published reports for 8 months since the beginning of 2013. All, without exception, the enrichment plants significantly increased the production of the ZhR. 1. During the reporting period, he produced 8 million 630 thousand tons of iron ore concentrate. In addition, for the reporting…
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Rio Tinto leaves no hope to achieve a record production of iron oreThe desire of Rio Tinto to achieve the production of 360 million tons of iron ore per year is considered quite likely, despite the problems with the expansion of the Pilbar base. Analysts believe that the mining giant puzzled by the position of his port, railway construction and the operation of…
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Nippon Steel and Baoshan Iron Steel will build a new plant in ShanghaiThe large Japanese industrial corporation Nippon Steel & Sumitomo Metal Corp. reported the intention to build an enterprise together with the Chinese partner company Baoshan Iron & Steel. Investments of 1.1 billion yuan ($ 180 million) will be invested in the construction of the plant for the…
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Rinat Akhmetov The largest supporter of the Ukrainian Association with the EU is a Swedish economistLarge Ukrainian business is interested in integration processes with the European Union. One of the largest supporters of the association is the second after Viktor Yanukovych in terms of influence of a person - Rinat Akhmetov, says Swedish economist Andres Oslund, Radio liberty reports. Oslund is…
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Turkish export steel falls due to anti-dumping measuresIn the first 8 months of 2013, due to anti-dumping investigations aroused against Turkish steel products in America, export of steel in the country decreased by 10 percent. The United States launched the process of one of the largest trade investigations in recent years, accusations of…
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