Metallurgy news

• Steel price in China continues to rise The war on smog pushed Chinese steel prices to a nine-year high last week amid tighter supplies and unexpectedly healthy demand, especially in eastern and southern China. Chinese steel futures jumped on Monday after a three-day drop as production cuts at the world's largest producer deepened in... 12.12.2017  10:55

• US Senate Investigates Uranium Exports By A Russian-Owned US Firm Senate Environment Committee Chair John Barrasso sent a letter to Energy Secretary Rick Perry and Nuclear Regulatory Commission Chair Christina Svinitski, informing him that he is expanding the investigation into the sale of uranium from the Uran-1 plants to the Russian state-owned company... 12.12.2017  10:39

• Aboriginal people open their first mine in Australia Sunday was a big day for Aboriginal people in Northern Australia with the opening of a new bauxite mine. At a ceremony marking the official opening of the mine, leader Gumatj Galarrwyy Yunupingu dumped a handful of bauxite into the hands of two Rio Tinto workers. The event was historic because... 11.12.2017  11:22

• India: rising iron ore prices Increases in iron ore prices from Indian suppliers, most notably the National Mineral Resources Development Corporation (NMDC), disrupted steel production. Industry sources say the nominal increase at regular intervals in line with the international price has affected small and marginalized... 11.12.2017  10:55

• European coal plants will decline By 2030, 97 percent of businesses will have negative cash flow as the European Commission plans to end so-called “to coal” payments by the middle of the next decade and battery technology will improve to provide more power needed during peak hours. “Coal will be put in a death spiral, and asset o... 10.12.2017  12:22

• Vale aims to halve its debt The world's largest iron ore producer and Brazil's largest privately held company, Vale, expects to halve net debt to less than $ 10 billion by 2019 and use the additional cash flow to boost dividends. The Rio de Janeiro-based company, which earlier this week threatened to flood the market with... 10.12.2017  12:11

• Record sales of Russian gas to Turkey recorded For 11 months of this year, Russian gas exports to Turkey increased by more than 20%. compared to the same period last year. This means that in 11 months the import of Turkish gas from Russia in absolute terms increased by 4.4 billion m3. Thus, Ankara is the second largest market for Russian gas... 08.12.2017  13:05

• Copper prices received significant support Copper prices on the London Metal Exchange rose 0.6 percent, following a 0.3 percent decline in the previous month. Copper prices support the recently released Chinese trade data for November. Metal on the LME for 3-month shipments is now $ 6601.00 per tonne. China's exports rose 10.3 percent on... 08.12.2017  12:53

• Vale predicts a slight decrease in the price of iron ore in 2018 Vale predicts a slight decrease in the price of iron ore in 2018 The chief executive of Brazilian mining company Vale said he does not expect iron ore prices next year to be much lower than in 2017. We remind you that the company occupies a leading position in the world in the extraction of iron... 08.12.2017  12:32

• World Coal Association: Coal's role will continue despite all The Bonn climate talks launched a global coal phase-out process. This, along with other rhetoric about events in the energy sector, will fail to lead many observers to believe that the end of coal is in sight. Predictions from the recently published International Energy Agency World Energy... 07.12.2017  10:29