Metallurgy news

• Copper price is close to the highest level since the end of November 2014 Copper in 2017 increased in percentage terms by 18%. In addition, the red metal recovered 54% in value after falling to a six-year low below $ 2.00 a pound in January last year. Copper futures traded on the Comex market in New York rallied amid global supply turmoil, and large speculators are... 18.08.2017  12:06

• Iron ore resumes price growth Steel raw materials jumped 5.6% to hit $ 75.70 a tonne, close to four-month highs last week, according to data provided by The Steel Index. The price of iron ore is now trading 43% higher than its 2017 lows of just two months ago, as China's resistance to pollution in heavy industries forces the... 18.08.2017  11:57

• Ireland bans hydraulic fracturing Ireland joined France, Germany and Bulgaria, which previously banned hydraulic fracturing. The upper house of the Irish parliament has approved the decision of the lower house to ban the use of hydraulic fracturing in the exploration of drilling for oil and gas onshore. In the Netherlands,... 17.08.2017  11:32

• China becomes the largest buyer of aluminum scrap for the United States According to the latest figures from the US International Trade Commission (ITC), the export of US aluminum scrap in the first five months of this year was 609,148 tons, an increase of almost 13% from 540,239 tons in the same period last year. Overall export growth reflected the purchase of... 17.08.2017  11:12

• US launches investigation into stainless imports from China On August 16, the United States Stainless Steel Manufacturers Association called on the US Department of Commerce and the International Trade Commission to initiate anti-dumping and countervailing investigations into the import of stainless steel flanges from China. Major products are listed in US... 17.08.2017  10:55

• Thyssenkrupp earns higher revenues and profits Thyssenkrupp sees an increase in revenues and EBIT during the first three quarters of the fiscal year, but the impact of one-off events provides a net loss. Components Lift Technology recorded record results with net income of 5.703 billion euros. The Industrial Solutions segment, after a good... 16.08.2017  11:46

• Europe is afraid of gas shortages Standard & Poor's analyzed the impact of the new US sanctions against Russia on the European gas market. Analysts believe there is not enough gas, and this is felt in market uncertainty. Russia is the largest gas supplier to the European market and covers about 30 percent. European demand for... 16.08.2017  10:55

• China's steel production continues at record pace Steel output in China rose 10% year-over-year to its highest monthly rate, according to the country's statistics bureau. “Steel mills are making record profits, so any steel mill that is not required to stop or cut production has essentially no reason to hold it back,” said Kevin Bye, an analyst ... 16.08.2017  10:36

• Wheat prices in Russia fall as a large harvest arrives Russian wheat export prices are falling for the second week in a row on the imminent arrival of a giant harvest that is expected to surpass last year's record, analysts say. The USDA and two leading Russian agricultural consultants SovEcon and IKAR sharply raised their 2017 wheat crop estimates... 15.08.2017  11:26

• Coal mine closes in Spain due to lack of customers The underground coal mine La Escondida, located in the Spanish city of Caboalles de Arriba, has closed. This was the last project of this type, located in the Castile and Leon region. According to local media, the owner decided to close the 60-year-old mine because no energy company wanted to... 15.08.2017  11:10