Metallurgy news

• Iron Ore Marks Biggest Monthly Recession Since May 2016 Iron ore futures in China, the largest consumer of the raw material, posted the largest monthly decline since May 2016 amid growing concerns over demand as government inspections cut steel production when inventories were adequate. The best-selling iron ore contract on the Dalian Commodity... 01.10.2017  13:28

• Gazprom to build small LNG plants The Russian gas giant has set up a company to build small LNG plants. This could be one of the solutions that will allow Gazprom to transport raw materials from remote gas fields. Sometimes the raw materials are located in hard-to-reach areas, where the construction of a gas pipeline may be... 30.09.2017  13:45

• US steel imports to grow by 16% in 2017 The latest trade statistics released by the US suggest that the country's imports of finished steel products are likely to increase by 16% throughout 2017. Among the various steel products, oil pipes and steel sheets are likely to report the biggest jump in imports. According to the data,... 29.09.2017  12:02

• China bought tons of North Korean coal North Korea's major trading partner imported 1.64 million tonnes of coal in August, despite an alleged embargo imposed by Beijing to comply with UN sanctions aimed at ending Pyongyang's nuclear ambitions. According to CNN, while China announced in February that it would cut off all coal... 29.09.2017  11:52

• Copper prices influenced by large supply Copper prices fluctuate on the London Metal Exchange. However, it could be the fourth week that copper ends with a decline in prices. So far, metal on the LME in 3-month deliveries is worth $ 6,423.50 per tonne, but earlier it lost 0.7% to $ 6,394.00 per tonne. There is a large stock of this... 29.09.2017  10:30

• Polish coal exporter forced to import raw materials from the USA A domestic coal shortage has forced Poland's largest coal exporter, Weglokoks, to order shipment from the United States so that it can fulfill contracts with foreign buyers. Weglokoks said Wednesday that it plans to resell imported US coal abroad, mainly to the Czech Republic, Slovakia, Hungary,... 28.09.2017  09:30

• China to revoke over 1,000 iron ore licenses amid tackling pollution Iron ore prices resumed on Wednesday after China announced that it would revoke about a third of its iron ore licenses, mostly to small, outdated enterprises. Lei Pingxi, chief engineer of the China Metallurgical Association of Mines, said the measure would affect about 1,000 small mines, most... 28.09.2017  09:01

• Competition for oil and gas fields intensifies in Syria The Russians are strengthening their positions in Syria on the left bank of the Euphrates. This is technically related to the attack on IS, but many experts believe it is a rivalry mainly between US-backed forces and a coalition of Russia and government forces to develop the Euphrates Valley and... 27.09.2017  10:26

• European stainless steel spending hits four-month highs in October According to the latest mill announcements, monthly premiums for flat products made from austenitic stainless steels will reach a four-month high in Europe in October, driven mainly by the recent rise in nickel prices. The rally in the nickel price is responsible for much of this gain in recent... 27.09.2017  10:14

• Thyssenkrupp and Tata Steel look to lead the sheet metal market in Europe In a joint venture, Thyssenkrupp and Tata Steel will merge their European steel businesses. Both companies will have an equal stake in the new company, which will become the second largest steelmaker in Europe. The aim of the companies is to create a leading European player in the production of... 27.09.2017  09:22