Metallurgy news

• Indonesia hopes to help Ukraine grow wheat Indonesia and Ukraine agreed to intensify cooperation in the agricultural sector. “Apart from technology transfer, it is hoped that Ukraine will invest in agriculture in Indonesia, especially wheat,” writes The Jacarta Post. The President of this country was present at the signing of an agr... 09.08.2016  11:56

• CIS pig iron exporters look forward to better offers Black Sea iron ore trading has been at firm prices in the first week of August, with CIS producers maintaining higher bids and even making small gains in recent sales, market sources said. Traders in Europe noted that after prices bottomed out, prices began to rally due to higher "buying... 09.08.2016  11:26

• The costs of metallurgical production are growing Prices for raw materials used to make steel are rising, forcing metallurgists to think about further increasing the price of their products. Iron ore, the main material used in blast furnaces, rose to a three-month high, while coking coal surpassed the critical price level of $ 100 per tonne.... 08.08.2016  13:57

• Coking coal prices rise to $ 100 per ton Coking coal prices have clearly increased in recent weeks. Quotes as of August 5 this year for a tonne of FOB Australia coking coal reached $ 100. This is the highest figure in the last 16 months, that is, since March 2015. This significant price increase has been achieved since November 2015,... 08.08.2016  11:03

• Turkish Gas Pipeline May Get New Momentum The Turkish Stream project, the implementation of which is widely discussed after the normalization of relations between Turkey and Russia, may receive a new impetus this week. The construction of the gas pipeline is expected to be one of the topics for discussion during the meeting of Russian... 08.08.2016  10:46

• India may become second largest steel producer in December India is set to bypass Japan and become the world's second largest steel producer by December this year, the chairman of the Indian Institute of Metals (IIM) in Delhi said. However, this would require the implementation of the Greenfield or Brownfield projects that will help India reach the... 07.08.2016  11:47

• Iran and Azerbaijan to start joint production of cars A joint car production plant will be built in the Neftchala region of Azerbaijan. The Azerbaijani company Azeurocar, together with the major Iranian car manufacturer Iran Khodro, is planning to produce popular Iranian brands Dena, Samand, Rana and Soren. The production capacity of the joint... 06.08.2016  11:14

• Russian gas interests threaten European clean energy program Maintaining Russia's current position in the European energy market is the most formidable obstacle to increasing the share of renewable energy sources in electricity generation. Of greatest concern in light of Russian gas supplies are plans to develop renewable energy sources in Germany and... 06.08.2016  11:02

• Losses of Russian metallurgists from new EU duties have been calculated The EU-imposed duties on Russian steel could cost Russians $ 300 million a year annually, according to metallurgical companies. Perhaps Moscow will retaliate. The announcement of duties is a serious obstacle for Russian metallurgists, says Dmitry Smolin, an expert at KPMG. According to him,... 06.08.2016  10:42

• EU stainless steel market overview According to MEPS, purchasing activity for hot rolled stainless steel has slowed down in Germany as the summer vacation period approaches. Sellers predict that if nickel prices remain high, customers will start buying more substantial tonnages in mid-August. European factories are divided over the... 05.08.2016  14:34