Metallurgy news

• Mitsubishi admits to tampering with the quality of its brass and copper components Mitsubishi Materials has admitted that it has been falsifying data on several products for over a year, including components used in cars and airplanes, a logical continuation of the industrial scandal initiated by the country's third largest steel company, Kobe Steel. A month ago, Kobe Steel... 24.11.2017  12:33

• Oil prices are rising Oil prices rallied on Wednesday after reports of a drop in US oil inventories and expectations of OPEC production cuts aimed at tightening the market to be expanded after next March. Brent crude futures, the international benchmark for oil prices, were $ 63.07 a barrel, up 50 cents, or 0.8... 23.11.2017  11:29

• Global platinum market faces deeper deficits in 2018 The WPIC predicts a 1% drop in global platinum supply throughout 2017. Reduced production in South Africa, Zimbabwe, Russia and North America will result in a 2% decline in total production. Global platinum demand is expected to decline sharply by 6% in 2017 to 7,845 Koz. The report predicts a... 23.11.2017  11:21

• NUST MISIS creates a unique furnace for industrial waste recycling More than 95% of the world's pig iron is still produced in blast furnaces. Modern blast furnaces are powerful plants that produce tons of pig iron every day, but they require high quality finished raw materials such as sinters, steel pellets and iron. Hundreds of millions of tons of waste in the... 23.11.2017  10:59

• Steel prices expected to rise in China Chinese market participants expect steel prices to rise over the next month, due to a reduction in production in the main production segments. At the same time, the CSSI forecast, which measures the volume of new orders at the domestic and export levels, remained virtually unchanged, down 1.68... 22.11.2017  11:28

• Release of Ukrainian iron ore concentrate in October Ukrainian iron ore concentrate production increased in October for a month and a year, but lower domestic consumption reduced the output of agglomerates and iron ore pellets. Last month, Ukraine produced 5.15 million tonnes of iron ore concentrate, increasing output by 8% compared to September... 22.11.2017  11:12

• Copper is still valuable Copper prices are rising again on the London Metal Exchange. Metal on the LME in 3-month deliveries will cost US $ 6,833.00 per tonne, after an increase of US $ 5. In 2017, copper may record the highest growth since 2010. The metal on the LME has already gained more than 20 percent since the... 22.11.2017  10:00

• Steel prices rise in China Iron ore futures in China were up more than 1 percent as steel prices recovered from a three-day slide. But China's plentiful supplies of steelmaking raw materials, which are at their highest level since August, have kept the iron ore price surging. The most traded iron ore contract for January... 21.11.2017  09:40

• Japanese steel output fell in October even amid rising demand Steel production in Japan fell 1 percent in October YTD to 8.97 million tonnes, reflecting technical disruptions at some plants, even as demand from the auto and construction sectors remained strong. In a seasonally independent environment, steel output as the world's second-largest producer... 21.11.2017  09:28

• Metinvest paid off $ 46.6 million in Eurobonds and $ 10.1 million in principal Metinvest, a mining and metallurgical group, paid out $ 56.7 million on new Eurobonds maturing until December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the message, this amount consists of $ 26 million 445,135 thousand of interest income for the period... 20.11.2017  18:46