Metallurgy news

• Gold purchases from global central banks up 25% in Q3 2017 The central bank of Russia added 63 tons to its gold holdings in the third quarter. Since the beginning of the year, the Central Bank of the Russian Federation has increased its reserves by 164 tons. The central banks of Russia, Turkey and Kazakhstan were the dominant buyers for a three-month... 16.11.2017  10:18

• Mexico begins investigation into the import of steel plates from Italy and Japan Mexico's Ministry of Economy has launched an anti-dumping investigation into heavy plate imports from Italy and Japan, regardless of country of origin, the ministry said on Tuesday. The product to be examined is heavy slabs no more than 4.75 mm (0.187 in) thick and a width equal to or greater... 16.11.2017  10:09

• Metinvest Group and Lemtrans have agreed on long-term cooperation Metinvest Group and Lemtrans signed a cooperation agreement for three years. By the end of 2020, Lemtrans guarantees to meet with its own fleet about 50% of Metinvest Group's gondola needs. Within the framework of the agreement, Lemtrans, in addition to providing Metinvest with gondola cars,... 15.11.2017  19:45

• In the commodity structure of exports of Donetsk region 77 percent - rolled metal In January-September 2017, foreign exchange earnings from export deliveries of goods from the Donetsk region (excluding part of the anti-terrorist operation zone) amounted to US $ 3.1 billion, which is 24.1% more than in January-September of the previous year. This was reported on Wednesday in ... 15.11.2017  11:03

• PJSC "ArcelorMittal Kryvyi Rih" increases its competitiveness in world markets PJSC "ArcelorMittal Kryvyi Rih" became the world's first full-cycle mining and metallurgical enterprise - the owner of two certificates: compliance with the sustainable development management system and the system of responsible sourcing according to the BES 6001 standard. The presence of these... 15.11.2017  10:04

• China's demand for iron ore in November will fall by 6 million tons Iron ore demand in China is forecast to decline by 6 million tonnes in November as the world's largest consumer of raw materials plans to curb steel production in the winter to meet air pollution targets. Steel production cuts in 28 Chinese cities are set to begin Nov.15 and may include other... 15.11.2017  09:50

• Metinvest presented a project of ecological reconstruction of a blast furnace at Azovstal to the public of Mariupol Metinvest Group is investing UAH 2 billion in the reconstruction of blast furnace (BF) No. 3 at the Azovstal metallurgical plant. The expected reduction in dust emissions is 80%. In addition, by 2021, the company will allocate more than UAH 2.2 billion for the implementation of environmental... 15.11.2017  09:48

• Germany burns too much coal Germany is seen as a world leader in the fight against climate change. Thanks to investments in renewable energy sources, wind and solar power now provide a third of electricity, more than double the share of the United States. Germany's goal of reducing carbon emissions by 40 percent by 2020 is... 15.11.2017  09:40

• Japanese aluminum industry may consider developing quality assurance guidelines after Kobe Steel scandal The Japan Aluminum Industry Association may consider developing common sectoral quality assurance guidelines if, following the quality control scandal that engulfed Japan's Kobe Steel Ltd, it receives requests from member companies to do so. Mitsuru Okada, chairman of the Japan Aluminum... 14.11.2017  10:34

• Rebar futures are on the rise in China China's steel rebar futures were higher as production continued to decline in the country's major steel cities amid tackling winter air pollution. The most active rebar contract on the Shanghai Futures Exchange climbed 0.6 percent to 3,794 yuan ($ 570.68) a tonne. Capacity utilization at... 14.11.2017  10:19