Metallurgy news

• Gerhard Schroeder to become chairman of the board of directors of Rosneft? Former German Chancellor Gerhard Schroeder, who is a candidate for the position of Rosneft, may even head the board (board of directors) of an oil company. The newspaper "Kommersant" refers to the draft directive of the Government of the Russian Federation on this issue. In the explanatory note,... 30.08.2017  12:35

• Copper in London reaches its highest rate since October 2014 Copper on the London Metal Exchange ended Tuesday's session with the highest price in almost three years, and on Wednesday the metal did not experience further appreciation. Copper on the LME hit $ 6,797.50 a tonne after the opening session on three-month contracts, and the metal is now up 0.4... 30.08.2017  12:23

• India's steel production continues to grow India has already overtaken the United States to become the world's third-largest steel producer, and the country is now trying to oust Japan from the second place. In July this year, India's crude steel production rose 3.5% to 8.36 million tonnes, according to the latest report from the World... 30.08.2017  12:14

• US almost doubles iron ore exports According to the US Department of Commerce, US iron ore exports in June totaled 1 million 91 270 tons, an increase of 44.4% over the same period last year. Meanwhile, the country's iron ore exports totaled 4,258,748 tons in the first half of 2017, an increase of 36.5% over the same period in... 29.08.2017  11:02

• UK coal use drops to 135-year low Coal took root in Britain as the engine of the Industrial Revolution, but is now less popular as a source of electricity than ever. Fossil fuels contributed only 2% of the total power generated in the UK in July, according to a study by Aurora Research. For the entire last year, coal consumption... 29.08.2017  10:30

• China plans to close 6,000 mines China will close 6,000 non-coal mines by 2020 in an effort to reduce accidents and fatalities, the State Occupational Safety Administration said in a five-year plan. Beijing will aim to reduce major accidents by 15 percent by 2020 from 2015 levels in the sector, the occupational safety statement... 28.08.2017  10:14

• India strengthens its position in the global aluminum market Aluminum production in India is set to grow at an average annual growth rate (CAGR) of 3.5% over the next 2-3 years to meet growing domestic demand, according to a published report. India is one of the cheapest aluminum producers in the world due to the easy availability of raw materials and... 28.08.2017  10:14

• Iron ore concentrate prices in China rise to four-month high China's domestic iron ore concentrate prices rose another 2.2% last week, hitting their highest level since April 7, while domestic suppliers are looking forward to a strong market in September. Iron ore concentrate price increases, while reaching a four-month high, were very modest as domestic... 28.08.2017  10:05

• US Ambassador to Ukraine: Ukraine is not ready to join NATO Ukraine is not yet ready to join NATO, - said the US special envoy for Ukraine's Kurt Volcker in an interview. “I respect Ukraine, but I don’t think that it is ready to join NATO, or that NATO was ready to accept it in the current situation,” Volcker said. “Both the United States and the Europea... 27.08.2017  11:23

• US weekly coal production hits 2017 high Weekly US coal production for the week ended Aug. 19 was 17.02 million tonnes, up 3.4% from the previous week and 12.3% from a year ago, according to data from the US Energy Information Administration. (EIA). It was the highest weekly estimate since the start of the year, and for the first time... 26.08.2017  12:00