Metallurgy news

• Barter debt repayment schemes are reviving in Ukraine Dneprovsky Metallurgical Plant (DMK, Kamenskoe), which is part of the Industrial Union of Donbass (ISD) corporation, has begun to settle accounts with the Dutch holding Metinvest B.V. (Metinvest) Ukrainian billionaires Rinat Akhmetov and Vadim Novinsky for the supplied iron ore raw materials with... 30.10.2017  21:27

• List of the world's largest steel producers for September 2017 The latest production statistics released by the World Steel Association (Worldsteel) indicate that in September this year, steel production in 66 countries reporting to the Association amounted to 141.43 million tonnes. Compared to the previous year, monthly steel production increased by 5.6%. The... 30.10.2017  12:20

• EU steel production drives growth in September The production of unrefined steel EU-28 in September this year amounted to 13.785 million tons. Monthly steel production in the EU-28 recorded marginal growth in September this year. At the annual level, the volume of regional production increased by 2.7%. In addition, the cumulative production... 30.10.2017  12:09

• China provides good conditions for global metallurgy China's pursuit of better air quality is bliss for global steelmakers. Japan's largest manufacturer Nippon Steel & Sumitomo Metal Corp. increases profit ninefold in the first half as China's anti-pollution and bloated steel industry pushed prices up to their highest levels in five years. The... 30.10.2017  11:49

• Vale to add 10 million tonnes to iron ore capacity Vale plans to restart three pelleting plants in Brazil that have been idle for several years: the Sao Luiz plant with a capacity of 7 million tons per annum in mid-2018 and two smaller plants, Tubarao I and II, possibly as early as 2018. “The pellet market is very strong,” said Vale CEO Peter Pop... 29.10.2017  11:51

• Europe has increased profitability in the steel sector European steelmakers are enjoying the strongest market conditions in eight years amid Chinese reform and increased EU trade protection measures that once again improve the supply-demand balance, delivering robust profits that can last for the foreseeable future. Ratings agency Moody's believes... 29.10.2017  11:39

• A coal-free future Coal use should be “largely” reduced by mid-century so that the planet can avoid sea level rise of more than a meter by 2100, as Antarctic ice is melting faster than expected, new simulations led by the Australian team showed. Sea level rise by the end of the century is projected to exceed 1.3 me... 28.10.2017  12:29

• Global Nickel Market Targets Third Year of Deficit Global nickel demand is expected to outpace shipments for the third consecutive year in 2018 as stainless steel demand expands and nickel-containing battery production grows, the International Nickel Research Group (INSG) said. Global demand for nickel has increased to 2.259 million tonnes from... 28.10.2017  11:32

• POSCO raises its 2017 sales forecast South Korean steel company POSCO posted a 9 percent increase in operating profit in the third quarter as a robust rebound in steel prices boosted profits from overseas operations, including China. The steelmaker expects further growth in steel demand driven by restructuring at its largest... 27.10.2017  12:43

• The aluminum market will go into a deficit already in 2017 In its latest report, BMI Research raised its 2018 aluminum price forecast to $ 2,000 per tonne from the previous forecast of $ 1,900 per tonne. Growth in demand, especially from China, will lead to deeper than previously predicted market deficits. The trend, according to the company, will only... 27.10.2017  12:26