Metallurgy news

• The metals markets remain optimistic Copper prices continue to rise on the London Metal Exchange. The increase is affecting other raw materials as well, as all base metals are currently priced at a high of over a year in response to an optimistic assessment of a consistent recovery in global demand for raw materials. Copper showed... 23.11.2016  10:29

• German economy lost 17 billion euros on Russian sanctions EU sanctions against Russia have negative consequences for the German economy. German exports to Russia have almost halved. This translates into a loss of € 17 billion in revenue. German business is constantly losing market share due to sanctions, which is filled with competitors, for example, from ... 22.11.2016  11:23

• ArcelorMittal to supply steel for two cruise ships ArcelorMittal has signed a contract for the supply of steel to the STX shipyard in Saint-Nazaire, as the company is the preferred supplier. The two new ships will be built entirely of European steel: the hull plates supplied by the Spanish Gijon, while the decks are made at the Saint-Nazaire... 22.11.2016  11:00

• Constellium opens new sheet metal line for the automotive industry Constellium, a global manufacturer of aluminum semi-finished products and rolled products, opens a new line in Neuf-Brisach. The new line will produce 100,000 tons of aluminum sheets annually, mainly for the automotive industry. During this decade, the production of aluminum car parts in Europe has... 22.11.2016  10:06

• BHP: demand for coal and iron ore will slow after the end of the peak season BHP noted that coal and iron ore prices have recently risen sharply as China's economic transformation primarily affects the iron ore and coal markets. After traditionally strong demand in the winter season, prices for coal and iron ore are expected to weaken. BHP expects the Chinese government... 21.11.2016  10:01

• China's coal production drops 10.7% in January-October Coal production in China fell 10.7 percent year on year to 2.74 billion tons in the first ten months of this year, data from the National Bureau of Statistics showed. In October, coal production fell 12 percent year on year to 280 million tonnes. Coal imports increased 55.3 percent year on year... 21.11.2016  09:36

• Bubley became president of UAVtorMet According to the Ukrainian Association of Secondary Metals, the place of the head of this organization will be taken by Vladimir Bubley, who is the director of Keramet. This association is the largest in the scrap collection industry in Ukraine. Previously, this honorary post was held by Vasily... 21.11.2016  09:05

• Oil prices in the US are falling amid expectations of the Fed and OPEC Crude oil prices on the New York Stock Exchange are declining in response to the overwhelming stance of the US Federal Reserve to raise interest rates. This led to the strengthening of the dollar, so that raw materials in other currencies will be more expensive. In addition, for the first time... 20.11.2016  12:29

• Fitch: Chinese Steel Exports Will Remain Strong Next Year According to analysts at Fitch Ratings, China's steel exports will remain at around 100 million tonnes next year. China's steel production this year may be similar to the past and next years. Steel exports will be supported by the low yuan exchange rate and cheaper raw materials. According to... 20.11.2016  12:16

• EU anti-dumping policy disrupts the free market Protecting the EU steel market in response to anti-competitive actions creates administrative interference with free trade. In the iron and steel industry, the European Union seems to be moving in the right direction, but the whole mechanism requires a significant revision. The imposition of duties... 20.11.2016  12:00