Metallurgy news

• Baosteel cuts prices for major steel products China's largest steelmaker, Baoshan Iron & Steel (Baosteel), has slashed its prices for key steel products for July delivery, the company said in a statement. Hot rolled coil and cold rolled steel prices were cut by 200 yuan ($ 30.37) and 180 yuan per tonne, respectively, according to the... 14.06.2016  13:04

• Dneprospetsstal: production results in May 2016 In May 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 20,891 tons of steel, which is 13.1% higher than the level of the previous month. During the same period, the Company produced 12 397 tons of rolled metal, which is 1.4% less than in April 2... 13.06.2016  15:42

• Chinese miners are interested in buying a zloty mine in Kazakhstan Three Chinese firms Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. are competing for the Glencore gold mine in Kazakhstan, which the miner put up for sale earlier this year. Glencore wants to receive about $ 2 billion for its mines at the Vasilkovskoye field. The sale will... 13.06.2016  12:11

• Ukraine expects to buy Russian gas at lower prices Kiev expects the price of Russian gas to fall below $ 177 per thousand cubic meters in the third quarter. If this does not happen, then Ukraine will continue to buy gas from the West, like many other goods that can be bought at http://tv- shopp.com.ua/novinki with delivery from China, Turkey, USA... 13.06.2016  11:47

• 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