Metallurgy news

• Mitsubishi cuts costs in steelmaking equipment Mitsubishi Heavy Industries Ltd., a manufacturer of a wide range of products from submarines to nuclear reactors, is committed to cutting costs in the steelmaking equipment sector with Siemens AG, a German company. In January last year, the merger of Mitsubishi Heavy and Siemens divisions formed... 13.06.2016  11:24

• Gas consumption has increased in the EU In 2015, gas consumption in the European Union increased by 4.6 percent and amounted to 402.1 billion cubic meters. The EU accounted for 11.5 percent of global gas consumption last year. World gas consumption in 2015 reached 3.468 trillion cubic meters. According to the data, gas consumption... 10.06.2016  16:58

• Posco expands capacity at its Gwangyang steel plant Posco Gwangyang's steel mill in South Korea relaunched its blast furnace 5 after the upgrade. As a result, the furnace capacity increased from 3,950 cubic meters to 5,500 cubic meters, thus increasing the production capacity to 5 million tonnes per year. It is currently the 9th largest blast... 10.06.2016  16:49

• Investors' appetite for industrial metals is growing Copper prices on the London Metal Exchange rose 0.4 percent. Copper on the LME market is valued at $ 4,594.50 per tonne with a 3-month supply. A new company, Trade 12, has appeared in the circle of brokers, with which traders can also trade metals, in addition to the Forex currency. Reviews... 09.06.2016  12:11

• Coal is in record demand Thermal coal is the world's second most important thermal fuel, and after crude oil surged above $ 50 a tonne this year, it has new benchmarks for thermal coal, especially in the face of supply disruptions and increased demand. After several years of recession, supportive factors were a surge in... 09.06.2016  11:52

• Italy resists extension of sanctions against Russia EU sanctions against Russia are likely to be extended, according to EUobserver. The magazine gives its assessment based on three unnamed sources from the EU. At the same time, it is considered likely that the extension of the sanctions will be made by an unofficial decision before the meeting of... 09.06.2016  10:21

• Has the rise in steel prices already ended? May was the fifth consecutive month of rising steel prices. However, along with this, steel production in China continued to grow again. According to the MEPS data, world steel prices reached a record increase in May. MEPS reports that steel prices rose 13.8 percent in May. In the EU, growth was... 08.06.2016  12:57

• Ukraine wants to resume gas imports from Russia Gazprom CEO Alexei Miller said: “... we have received an official letter from the management of Naftogaz of Ukraine with a request to resume Russian gas supplies. In the second half of 2016 and in the first quarter of 2017, it is necessary to increase supplies in the winter period and during p... 08.06.2016  12:37

• EIA raised forecasts for oil prices According to forecasts by the US Energy Information Administration (EIA), in 2016 the average price for North Sea Brent will be $ 43 per barrel, and in 2017 it will reach $ 52 per barrel. The latest data is higher than last month's EIA forecasts by three and one dollar per barrel,... 08.06.2016  12:09

• Commodities are expected to rise after a four-year drop The four-year bear market that pushed commodities to its lowest level in a quarter century is coming to an end as supply constraints have occurred. Recovery began in everything from soybeans to zinc. The Bloomberg Commodity Index, which tracks 22 commodities, is up more than 20 percent from its... 07.06.2016  14:53