Metallurgy news

• State of the international scrap metal market As the steel mills cut their scrap purchases, prices fell every month, and when the price of scrap reached a minimum, the mills began to buy material at a lower price. So when steel mills started buying again this year, scrap prices jumped. World scrap prices are still on the rise as the Chinese... 29.12.2016  13:58

• Copper loses its value amid strong dollar The US currency has strengthened to its highest level since 2005, and this discourages investors from buying assets in US dollars, including industrial metals. “A strong dollar always has a negative impact on metal prices,” recalls Frank Cholly, senior market strategist at RJO Futures in Chi... 29.12.2016  13:40

• Metinvest boosts steel exports to the EU This year Metinvest has increased the number of products with double certification - national and EU, which allows selling steel on the domestic market and for export. Currently, these are not only slabs, but also galvanized coils, circles, pipes, etc. According to the Ukrainian Center for Steel... 29.12.2016  13:29

• Falling demand for iron ore in China in 2016 According to Chinese media reports, the country's iron ore demand has declined, but traders are poised to reap their highest annual profits at the end of 2016. Strong futures have boosted iron ore spot prices by more than 70% this year and made this year the best year for raw steel production... 28.12.2016  12:21

• The steel industry expects muted growth A softening in the price of a key steelmaking ingredient, coal, coupled with rising steel prices will help restore healthy margins in the metals sector, said Mike Shillaker, an analyst at Credit Suisse. “The second, third and fourth quarters of 2017 will be better than this year,” he add... 28.12.2016  12:08

• Yunnan Aluminum builds new cathode aluminum line Yunnan Aluminum has built the largest cathode aluminum production line with a capacity of 150,000 tons-300kA per year based on its aluminum subsidiary Runxin. The production line has already passed the examination. The electrolytic cell has a lifespan of more than 500 days longer than average,... 28.12.2016  11:32

• China intends to punish steelmakers who do not kick out the plan to reduce capacity The shrinking production capacity will bode well for large and modern steel mills in China, leading to consolidation in a highly fragmented industry. This should also ensure an increase in the capacity utilization factor. Chinese government officials said the centrally controlled state-owned... 27.12.2016  13:37

• Italy's steel exports fall According to statistics published by the Association of Italian Steel Manufacturers (Federacciai), in the first ten months of 2016, Italy's steel product exports to non-EU countries amounted to 8.851 million tonnes, down 1.1% year on year. Exports of long products totaled 491,000 tonnes, down 5.6%... 27.12.2016  13:11

• Steel prices will rise well in 2017 Since its peak in summer, global flat steel prices have dropped slightly. Nevertheless, there is some reason to believe that the price is ready to rise. At the same time, prices in China, the world's largest consumer and producer of steel, are now at their highest level in two years, while prices... 27.12.2016  12:57

• India restricts gold trade The Indian government obstructs the gold trade. Axis Bank - leading in the financing and management of gold imports - froze the accounts of several gold dealers. This was preceded by the arrest of two bank employees by officials of the Indian financial police. They are accused by the government of... 26.12.2016  12:45