Metallurgy news

• Tata Steel reports third quarter net loss The Indian Metals Company posted a net loss of Rs 4.938 million for the quarter ended September 30 against a net income of Rs 5.6 billion a year earlier. According to the press service of the company, Tata Steel incurred the main losses in the UK. Analysts polled on the eve of Bloomberg believed... 11.11.2016  19:17

• Metallurgists' protest in Brussels: there is no Europe without steel During the demonstration on the streets of Brussels, representatives of the metallurgical industry tried to convey that steel is the first link in the production supply chain, and industrial production cannot exist without it. The march was attended by over 15 thousand workers of the ferrous... 11.11.2016  11:55

• Uranium price falls While thermal coal has shown a striking surge, natural gas has rebounded and crude oil is up more than 70% from a 13-year low in January 2016, uranium has been consistently weak this year. The price of U3O8 is down 45% in 2016, and the average price fell 4.8% last week, stopping at $ 18.75 a... 10.11.2016  11:28

• US coal industry hopes for a bright future after Trump's victory While global financial markets have faltered after Republican candidate Donald Trump won the race to the White House, the country's coal and oil industries began to count the days to see promises come true. Throughout his campaign, Trump has repeatedly vowed to save the coal industry after years... 10.11.2016  10:59

• PJSC "Zaporozhgneupor": production results for October and 10 months of 2016 The production of molded refractories in October 2016 at PJSC Zaporozhgneupor increased by 20%, of unshaped refractories - by 37% (compared to October 2015). The largest production growth is observed in the following items: production of fireclay products increased by 10%, magnesia products -... 09.11.2016  15:10

• Indonesia May Become World's Second Largest Stainless Steel Producer Indonesia's Industry Ministry said Indonesia contains rich reserves of nickel, but the government has banned the export of ore, so huge investments are being made to build factories to produce stainless steel products. The two large factories plan to smelt 5 million tonnes of stainless steel in... 09.11.2016  13:03

• ArcelorMittal increases profits The increase in the company's profits is accompanied by a decrease in income. ArcelorMittal's profit rose in the first three quarters, taking into account the net loss in the same period last year. Steel supplies in the first nine months of 2016 amounted to 63.9 million tons, which is 1.5... 09.11.2016  12:48

• Severstal replaces Russian steel with imports from China Russian Severstal has increased supplies to the EU market. Cheap steel will always find a way to enter the market. Recently, the Americans have agreed that some of the steel imports from Vietnam are indeed Chinese imports supplied through Vietnamese companies. Severstal sold Chinese steel on the... 09.11.2016  12:25

• Rolled steel producers increased prices amid surge in coking coal prices Since July, spot coking coal prices have increased from $ 90 per tonne to $ 279 per tonne. Coal contracts in the fourth quarter of 2016 were sealed at $ 200 per tonne, an increase of 116% over the third quarter. The cost of coking coal is 30-50% of the production value of steel producers who use... 08.11.2016  12:25

• India's steel production rises significantly in October Steel production jumped 14 percent to 8.25 million tonnes last month from a year earlier, the largest gain since August 2015. Imports were down 55 percent to 538,000 tons and consumption was down 1.4 percent to 7.11 million tons, according to the steel ministry. India is aiming to become the... 08.11.2016  12:12