Metallurgy news

• Coking coal prices skyrocket The spot price for solid coking coal reached its highest level since May 2013. However, while coal prices are up more than 90 percent, analysts said they are expected to contract this year on a slowdown in China and easing supply problems. September in the international coal market was marked by... 11.10.2016  10:18

• Putin and Erdogan agreed to build the Turkish Stream Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan agreed in Istanbul, on the first day of the World Energy Congress, to build two lines of the Turkish stream. This was announced after the meeting between Putin and Erdogan by the chairman of Gazprom Alexei Miller.... 11.10.2016  10:04

• Increased sales of Tata Steel during the current year Tata Steel said its sales rose 6.56 percent to 4.77 million tonnes in the first six months of the current fiscal year, up from 4.47 million tonnes sold in the same period last year. Sales for the quarter from July to September were 2.62 million tonnes, up 12.4 percent from 2.33 million tonnes in... 10.10.2016  11:36

• EU sets import duties on cheap Chinese steel The European Union has imposed temporary import duties on two types of steel from China to counter unjustifiably low prices. Responsibilities have been a line of defense against Chinese steel imports over the past two years. The European Commission is also investigating the alleged dumping of... 10.10.2016  10:32

• Turkey and Russia want to conclude free trade agreements While the US is preparing new sanctions against Russia and the EU is expected to join, Turkey is in talks with Moscow on a free trade agreement. A free trade agreement between Turkey and Russia could be signed at the end of 2017, Turkish Economy Minister Nihat Zeybekci said. He added that the... 10.10.2016  10:13

• Turkish steel imports from China up 22 percent in Jan-Aug 2016 In the first eight months of 2016, steel imports from China increased to 1.83 million tonnes, up 21.7 percent year on year, according to the Turkish Steel Manufacturers Association (TCUD). Import of billets from China increased significantly, by 86.6 percent, to 981,827 tons. Imports of rolled... 09.10.2016  13:50

• Coking coal prices increased Coking coal prices have increased significantly. What are the reasons for this growth, and how long can they last? Indeed, the value around $ 200 per ton has not been reached for more than five years. The process of rising prices may include logistical and environmental issues in Australia's... 09.10.2016  13:38

• US steel imports declined The total volume of imports of steel and finished steel products in the first nine months of this year amounted to 24,808 thousand tons and 19691 thousand tons, decreasing by 20% and 22%, respectively, compared to the same period in 2015. The share of imports in the US steel market was estimated at... 09.10.2016  13:01

• Steelmakers in India hope to increase demand for metal Steel consumption in India rose only 1.3% to 33.74 million tons (MT) from April to August. The current capacity of the industry is about 115 million tons. India's first three steel leaders Tata Steel Ltd, SAIL and JSW Steel Ltd are adding new capacity in stages. Analyst at brokerage Emkay Globa... 08.10.2016  13:55

• Russia may become the top exporter of wheat Russian grain exports in 2016-2017 should grow by another 40 million tons, according to the Ministry of Agriculture of the Russian Federation. European harvest forecasts suggest that Russia is likely to become the world's top wheat exporter for the first time in 2017. The Ministry of Agriculture of... 07.10.2016  12:55