Metallurgy news

• Iron ore price limits The decline in iron ore prices over the past two weeks turned into a debacle on Thursday, as fears of a new proposal emerged, coupled with fears that Chinese steel production could peak. The North China Steel Index's benchmark 62% Fe ore fell 7.4% to $ 63 /t on Thursday, which is still at an... 22.09.2017  11:12

• There is a growing shortage of graphite electrodes in metallurgy Eurofer raised an issue that was already discussed in August - European steel mills are increasingly faced with restrictions on the supply of graphite electrodes, which are necessary for the production of primary and secondary steel, from which sheet metal and other products are ultimately... 22.09.2017  11:01

• Illegal gold mining in South Africa Due to socio-economic problems such as rising unemployment and poverty rates in South Africa, there has been an increase in illegal gold mining. The underground miners known as "zama-zamas" are called "those who try to get something out of nothing." The work of deputies is dangerous because... 21.09.2017  09:58

• Iron ore price drops to $ 70 Iron ore import prices fell after Australia's leading supplier raised concerns about the strength of demand from the country, which consumes more than two-thirds of the seaborne trade in iron ore. The Reserve Bank of Australia entered the discussion on iron ore price direction on Tuesday with... 21.09.2017  09:45

• 4,000 jobs to be cut in Europe as a result of the merger of Tata Steel and Thyssenkrupp Even as the two major players Tata Steel and Thyssenkrupp seek synergies, which are likely to emerge after they merge to form the second largest European steelmaker under the merger agreement, 4,000 jobs in Europe will be cut. According to the Memorandum signed by the companies, the new... 21.09.2017  09:05

• Naftogaz sues Russia The state oil company Naftogaz of Ukraine has filed a lawsuit against the Russian Federation to compensate for the assets left over to Crimea, the company said in a statement. At the same time, the press service of Naftogaz reported that independent foreign members of the supervisory board of the... 20.09.2017  12:58

• China's steel and iron ore market is positive China's steel and iron ore futures have stabilized after a three-day decline, supported by expectations that steel prices will remain strong amid the country's planned production cuts during the winter to combat smog. Large industrial zones in China, including the leading industry in Hebei, were... 20.09.2017  12:46

• MEPs emphasize the need to provide Avdiivka coke oven with water The Avdiivka Coke Plant (AKHZ) of Metinvest Group was visited by deputies of the European Parliament and the Verkhovna Rada of Ukraine - members of the Parliamentary Committee of the Association between Ukraine and the EU. The delegation positively assessed the work of the enterprise in accordance... 20.09.2017  12:44

• Interpipe TechFest 2017 gathered 15 thousand visitors in Dnipro The festival of science, technology and modern technologies Interpipe TechFest 2017, the main technical and popular science event of the fall, has ended in Dnipro. Space and robotics, industrial enterprises and technical education, the largest spinner and the longest railway from LEGO, a battle of... 19.09.2017  16:47

• China aims to use coal efficiently The Chinese expert highlighted the need to clean up coal as traditional fuels will continue to dominate China's energy mix. Despite efforts to reduce the share of energy consumption, coal will continue to be widely used, Academician Xie Kechang said Saturday during an energy forum. Coal... 19.09.2017  09:59