Metallurgy news

• BP chief - oil markets will balance at $ 50 Rising oil demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc CEO Bob Dudley said. “Global supply and demand has moved towards a better balance lately and we expect this trend to continue into the second half of 2016 and possibly reach the ... 24.06.2016  12:40

• EU plans new sanctions on China's steel sector China's refusal to curb its steel production could prompt the European Union to consider new trade sanctions against Beijing. The European Commission has said it is joining the United States in swiftly addressing such issues. Until now, China is the world's largest steel producer. China's annual... 24.06.2016  11:44

• Industrial Metals Reacted to UK Voting Results The decision to withdraw Britain from the European Union will have an impact on the entire world economy. On Friday, all industrial metals were plunged by more than 3 percent. Copper prices fell 4 percent on the London Metal Exchange. This is a reaction to information on the results of the vote in... 24.06.2016  11:07

• Bookmakers expect Britain to stay in the EU According to the British bookmaker, there is no doubt about the UK's presence in the EU. British banks also consider leaving the EU unlikely. Online betting companies Betfair are currently estimating the likelihood of the UK staying in the EU at 78 percent, up from 75 percent on Wednesday... 23.06.2016  14:19

• Beijing's growing demand for gas opens up prospects for supplies from Russia In five years, gas demand in the Chinese capital will increase by about 50 percent. The increase is the result of China's policies to improve air quality in the capital and move away from coal. At present, the air in Beijing contains many harmful impurities from the use of coal for heating, boiler... 23.06.2016  13:07

• Iron Ore Forecast from BHP BHP Billiton, the world's largest mining company, expects an oversupply of iron ore for at least another ten years before the market balances. Speaking to reporters in New York, CEO Andrew McKenzie said prices have bounced off last year's historic lows slightly above $ 60 a tonne, but this... 23.06.2016  11:59

• Are industrial metal prices peaking? While European manufacturers were determined to maintain upward price momentum, they stalled in June. So far, according to the MEPS survey, in a number of countries, buyers have resisted attempts to reach higher basis values ​​for late deliveries in the third quarter. The price of aluminum on the... 22.06.2016  16:00

• Russia warns of the threat to Ukrainian nuclear power plants from the use of fuel from the United States Russia has warned of the possibility of accidents at nuclear power plants in Ukraine in connection with the use of fuel by the American company Westinghouse. The Ukrainian side assures that there is no danger. Westinghouse is the American division of the Japanese company Toshiba. Previously,... 22.06.2016  13:45

• World steel production remains at last year's level In May 2016, the world produced 139.154 million tonnes of steel, just 0.1 percent less than last year, according to the World Steel Association. China, which produces about half of the world's steel, increased output by 1.8 percent to 70.504 million tonnes. Among the Asian giants, an increase... 22.06.2016  11:00

• Russian sawnwood exports to China have grown significantly The latest report, issued by the International Wood Markets Group, shows significant growth in Russian sawnwood exports to China during the first four months of this year. Exports grew by more than 50% during this period compared to the corresponding four months in 2015. At the same time, exports... 21.06.2016  12:18