Metallurgy news

• European aluminum billets rose in dollar terms Aluminum billet prices rise in Europe on stronger euro and strong year-over-year demand “Recently, the strong exchange rate of the euro against the US dollar is one of the reasons why some of the billets are being sold at a premium of $ 400 per tonne,” explained one of the traders. In add... 09.09.2017  09:48

• Iranian Steel Exports Grow 12% During the first five months of the current Iranian year (March 21 - August 22), major Iranian steel producers exported 2.64 million tonnes of semi-finished and finished steel products, registering an increase of 12% over the corresponding period last year. The volume of exports during the... 09.09.2017  09:20

• Argentina boosts exploration for minerals Exploration work in Argentina in 2017 will grow by 2%. Despite the lackluster global exploration prospects, 32 new companies have entered the South American country. Many of these newcomers are Australian companies, including Oceana Gold, but Canada remains the leading foreign investor in... 08.09.2017  09:52

• Azovstal increased production of rolled products in 8 months by 13 percent The metallurgical plant Azovstal (Mariupol, Donetsk region), a member of the Metinvest group, in January-August 2017, increased the production of general rolled products, according to operational data, by 13.1% compared to the same period in 2016 - up to 2.461 million tons. As the representative... 07.09.2017  19:06

• India needs cheaper, cleaner coal technologies India's dependence on imported coal in the coming years will be significant in stimulating the country's economic expansion. India must work with other countries to introduce cheaper and cleaner coal technologies, as the country is expected to use the fuel to generate more than half of its capacity... 07.09.2017  18:29

• Steel production in Ukraine in 2017 increased by 16% Steel production in Ukraine for eight months, including August, rose 16 percent year on year to 13.8 million tonnes. However, the country did not make it to the top ten largest steel producers in the world, although it ranked tenth for many years. Steel production rose 5.5 percent in 2016 to... 05.09.2017  11:15

• Construction of the Turkish Stream is progressing rapidly Gazprom has already built more than 220 km of the offshore section of the pipeline, according to the president of the Russian company, Alexei Miller. The length of the offshore section of the pipeline is expected to reach 910 km, and the onshore section in Turkey - 180 km. Gazprom began... 04.09.2017  15:48

• Iron ore and coal prices to remain strong in 2018 Iron ore and coking coal prices, two key ingredients for steel production, should remain high for the remainder of the year, Macquarie Bank said in a recent report. The influential Australian bank has revised its earlier estimates for iron ore and coking coal prices by a wide margin, citing an... 04.09.2017  09:59

• What is the reason for the strong growth in steel production? The main reason for the increase is related to the rise in steel prices and the fight against inefficient and polluting manufacturing in China. According to the World Steel Association, in July this year, the world produced 143.2 million tons, an increase of 6.3 percent over a year earlier. In... 03.09.2017  13:56

• China closed more than 700 steel plants According to the CISA, China has closed 727 plants producing low-quality steel from scrap metal in China in recent months. The Chinese government in November last year, decided to exclude these businesses by the end of June. A list of companies producing steel of inferior quality or with a very... 01.09.2017  10:52