Metallurgy news

• Thyssenkrupp moves away from combustion engines ThyssenKrupp has created a new structure for Forged Technologies. The company announced that it will strive to create new products for industrial equipment and continue to scale down production of components for internal combustion engines. ThyssenKrupp has a strong position in the market for... 10.10.2017  09:42

• Metinvest Central GOK launches premium pellet production Reconstruction of the pelletizing plant has been completed at the Central Mining and Processing Plant of Metinvest Group. Now the production complex produces products that meet the best international quality standards. Investments in the project amounted to UAH 52 million. Thanks to the new... 09.10.2017  16:17

• India suspended price increases in October After successive price increases since July, Indian steel producers halted price increases in October as prices in China softened, coupled with lower iron ore prices. Over the past two weeks, hot rolled coil (HRC) prices in China have dropped to about $ 572 per tonne from $ 588 per tonne. But... 09.10.2017  13:28

• Argentina To Continue Dumping Investigation Of Chinese Steel Pipes Argentina's National Foreign Trade Commission will continue a dumping investigation into steel pipe imports from China, according to the country's trade minister, Miguel Brown. All products covered by the study are from China and represent welded and seamless pipes for use in the oil sector with... 09.10.2017  10:32

• Iron ore prices remain below $ 50 per ton The Australian government's Department of Industry, Innovation and Science remains firm in its forecast that the price of iron ore in 2019 will average less than $ 50 per tonne. The department's report predicts that iron ore will be $ 55 per tonne in the second half of this year, and up to $ 49... 09.10.2017  10:18

• Ilyich Iron and Steel Works signed a contract for the supply of equipment for the reconstruction of a sheet rolling mill The Mariupol Metallurgical Plant named after Ilyich Metinvest Group signed a contract with Primetals Technologies Austria GmbH for the supply of equipment for the reconstruction of the 1700 sheet-rolling shop (LPC-1700) worth more than $ 25 million. Under the terms of the contract, the Austrian... 07.10.2017  12:09

• PJSC "ArcelorMittal Kryvyi Rih" is reconstructing sinter machine No. 5 PJSC "ArcelorMittal Kryvyi Rih" is carrying out the reconstruction of buildings and structures of the sinter machine complex No. 5. The work is carried out within the framework of the investment program of the enterprise, which includes the ecological and technical modernization of the sinter shop... 04.10.2017  17:02

• World gold prices fell to 8-week low On Tuesday, world gold prices fell to an eight-week low of $ 1,271 an ounce in daily trading. The precious metal is currently trading more than $ 80 below the peak that was reached in early September this year. The reason for the current fall is the flow of funds from the gold market to the stock... 04.10.2017  16:53

• Glencore will increase its share in zinc mining in Peru Renowned mining company Glencore acquires a 26.73% stake in Peru's largest zinc producer Volcan Compañía Minera SAA. The total amount of this transaction is approximately $ 531 million. As stated in the text of the company's statement on this matter, “this agreement will provide an increase in zinc ... 04.10.2017  16:52

• Indonesian steelmakers oppose import liberalization Indonesian steelmakers have expressed concern over the government's plan to further liberalize steel imports as part of an agreed program to improve Indonesia's position in the World Bank's annual Ease of Doing Business, which is now ranked 31st out of 185 countries. “Even now, with import r... 03.10.2017  13:56