Metallurgy news

• 2 million tons of pig iron per year for Tula steel The Russian metallurgical and mining group Industrial Metallurgical Holding is promoting the expansion of new coking coal and iron ore deposits and expanding pig iron production, assuring the market that it will continue to supply a commercial product. Tula Steel will consume pig iron as steel... 19.10.2017  10:50

• Seven people die after coal mine collapse in Turkey Seven miners have died and one remains under the rubble after part of a coal mine in Turkey's southeastern Sirnak province, bordering Iraq and Syria, collapsed on Tuesday. Eight miners were initially under the rubble, but rescue teams were able to bring seven of them to the surface. However,... 18.10.2017  11:42

• Rio Tinto Declares Force Majeure Following Fatal Accident In USA Rio Tinto, the second largest mining company, announced force majeure last Friday over the supply of refined copper from its Kennecott division in the United States following the death of a worker earlier last week. Rio Tinto Kennecott accounts for nearly 20% of total U.S. copper production and... 18.10.2017  11:23

• Iron ore price rises again The price of iron ore has taken another leap upward despite a new report from the World Steel Association that predicts a slowdown in global demand in 2018. The estimated price of ore from 62% Fe increased by 4% to $ 62.40 per ton for North China. Iron ore averaged $ 72 per ton this year, up... 18.10.2017  11:06

• After a year of growth in coal production in the United States, a decline is noted Despite all the talk of a return of coal under President Donald Trump, actual growth in U.S. production began months before the November elections and continued to rise until recently, but recent weeks have not been as good. Last year, China embarked on a production-cut approach of its own,... 17.10.2017  09:49

• Russian NLMK increased steel output by 8% in the third quarter Russia's largest steelmaker NLMK said on Monday that its output in the third quarter rose 8% year-on-year to 4.4 million tonnes. The steelmaker, controlled by Russian billionaire Vladimir Lisin, also said its sales in the third quarter rose 1% on an annualized basis and in the third quarter to... 17.10.2017  09:35

• German court: Opal is available to Gazprom A court in Düsseldorf confirmed its July decision to lift the ban on the auction for the additional capacity of the Opal gas pipeline. According to the operator, this court decision is final. This means that gas from Nord Stream will be able to flow to the south of Europe more than before. The ... 16.10.2017  14:52

• In October, Ukraine plans to produce 2 million tons of steel It is expected that in October the volume of steel production in Ukraine will be about 2 million tons, remaining at the same level as in September. Steel production in Ukraine for the first nine months of 2017 decreased by 13.5% to 15.8 million tons at an annual level. Steel production in... 16.10.2017  14:33

• China imports over 100 million tons of iron ore Iron ore imports to China rose to a record high in September. In addition, the country's drive to clean up the environment has fueled demand for higher quality materials from overseas, exacerbating the plight of local mines. Prices have increased. According to customs officials, purchases of... 16.10.2017  14:26

• Copper prices remain high Copper prices on the London Metal Exchange are stable and maintain their highest level in 5 weeks. There are concerns about a possible shortage of metal. Copper on the LME with 3 months shipping costs $ 6803.00 per ton, brokers say. On the Shanghai Metal Exchange, copper rose 1% on the last day... 13.10.2017  09:34