Metallurgy news

• Zinc may rise to a 5-year high According to Japan's largest producer Mitsui Mining & Smelting Co, zinc prices could advance to $ 2,500 a tonne in March due to a "super tight supply" of ore after the companies cut output. Even if Glencore halted the production cut, supply would continue to lag behind demand, despite the "feeling... 18.10.2016  10:48

• Russian coal exports increased For the first nine months of this year. Russian railways transported 121.1 million tons of coal for export, which is 7.5 percent more than a year ago. Raw material production totaled 281.4 million tonnes, up 5.6 percent YoY. According to industry estimates, the structure of coal sales has... 18.10.2016  10:13

• EU steel industry is fighting for its future About 60 CEOs of European companies in the metals industry sent letters to heads of state and government ahead of the European Council scheduled for 20 and 21 October. They will have to make a number of important decisions for the European iron and steel sector. The representatives of metallurgy... 18.10.2016  09:51

• Exports of scrap metal in Russia decreased slightly Russian exports of ferrous scrap amounted to 3.250 million tons during the first seven months of this year. At the same time, exports decreased slightly, by 1.6%, compared with exports of 3.303 million tons in January-July in 2015. Based on current data, the export of ferrous scrap in the country... 17.10.2016  10:49

• MMK's operating results remain stable Magnitogorsk Iron and Steel Works (MMK) released a report on crude steel production for the 3rd quarter and the first 9 months of 2016. MMK's production in the third quarter was 3.18 million tonnes, not significantly changing compared to the second quarter. Shipments of products amounted to 2.86... 17.10.2016  10:26

• Growing Confidence in Brazilian Construction Sector Supports Rebar Prices Confidence in the Brazilian construction market supported domestic rebar prices, dampening any discounts expected during the seasonal slowdown in the fourth quarter. Weekly S&P estimates for 10mm rebar remained stable at $ 529.14 /t ex-works. Construction companies and factories have agreed, and... 17.10.2016  09:58

• Chinese steel exports decline to 7-month low Chinese steel shipments in September of this year amounted to 8.8 million tons, which is more than 2% lower when compared with exports of almost 9 million tons in August 2016. This is the third consecutive month that there has been a decline in Chinese steel exports. The drop in exports is mainly... 17.10.2016  09:42

• Coal production in Ukraine decreased by 3.6% in September Total coal production in Ukraine fell 3.6% year on year to 3.52 million tonnes in September 2016 from 3.65 million tonnes in September 2015, but was up from 3.5 million tonnes in September 2016. August this year. In September, thermal coal output rose 0.3% year-on-year to 2.93 million tonnes,... 16.10.2016  15:32

• China's top steelmakers capitalize on rising steel prices China's two largest steel mills said their net profit rose in the third quarter as rising steel prices this year eased troubles for the world's largest producer. HeSteel Co. expects to see net income at the highest level since 2010 amid rising prices. According to the company's statement, net... 15.10.2016  15:54

• What will be the demand for thermal coal? Of all the major commodities, it can be argued that thermal coal is currently facing the largest shortage, but there is a risk of declining demand in the next 10-20 years. The Paris Climate Agreement has been ratified by more than 70 countries, accounting for 57% of global greenhouse gas emissions.... 15.10.2016  15:34