Metallurgy news

• Oil prices climb after the announcement of US data Oil prices rose Wednesday morning after sharp losses in the previous session, as data showed an unexpected result for US oil inventories, despite concerns about a lack of agreement among producers to curb the output of raw materials. Crude oil futures fell about 3 percent on Tuesday after Iran... 28.09.2016  10:34

• Steel imports decrease in the EU Europe has become more vigorous in defending its own market, ensuring a decrease in imports from the East. But the market situation has not changed significantly. The European Union actively opposes imports at dumping prices, especially from the eastern border. In accordance with the current... 28.09.2016  10:12

• Zinc market is in short supply The world zinc market recorded a deficit in January-July this year. This is after recording a surplus throughout 2015. According to WBMS, the global zinc market deficit amounted to 106 thousand tons during the first seven months of this year from January to July. It should be noted that the... 27.09.2016  11:23

• Ten largest steel producing countries According to the latest statistics released by the World Steel Association, global steel output was 134.125 million tonnes in August this year. Monthly production growth was modest at 1.9% compared to August last year. The ten largest countries in the world in terms of total crude steel... 27.09.2016  10:39

• Iran is negotiating the purchase of aircraft Iran has begun formal negotiations with the Brazilian aircraft manufacturer Embraer. A delegation from the Brazilian company visited Tehran last week to negotiate the details of the deal with Iranian airline executives. During a three-day stay in Tehran, Embraer representatives held talks with... 27.09.2016  10:10

• Outokumpu Finland announces increased sales of stainless steel Outokumpu Finland released an operating report for the 2nd quarter (April-June), according to which the company's stainless steel shipments totaled 629,000 tonnes, an increase of 2.1% from 616,000 tonnes in the same period last year. In addition, the company's chrome sales totaled 34,000 tonnes... 26.09.2016  10:04

• Asia accounts for about 70 percent of global steel production China, Japan and India produced nearly 64 percent of the world's 134.1 million tonnes of steel in August, data from the World Steel Association showed. Global crude steel production from 66 countries reporting to the association data rose 1.9 percent to 134.1 million tonnes last month compared to... 26.09.2016  09:39

• Steel production in the American continents declined in August According to the latest data released by the World Steel Association, the crude steel output of South American countries dropped significantly during August 2016. Total monthly output fell 6.6% to 3.491 million tonnes. North American steel production also declined 3.0% during the month. Brazil,... 26.09.2016  09:23

• WBMS: Global Nickel Market Remains In Deficit In First Seven Months Of This Year According to the World Bureau of Metals Statistics (WBMS), a deficit of 89,500 tons remained in the global nickel market in January-July 2016. While in 2015 there was 45,200 tons of oversupply, this year it is in short supply. World nickel production in July was 152,400 tons and consumption... 25.09.2016  12:26

• Iran plans to stop exporting crude iron ore Iran plans to stop exporting crude iron ore from March 2017, and instead sell the processed steel ingredient to maximize profits in an era of low prices. Tehran currently exports iron ore and is the sixth largest supplier to the Chinese market, although it supplies only a small share of those... 25.09.2016  11:34