Metallurgy news

• Iran will significantly increase its iron ore production capacity Iran's crude iron ore production will increase to 100 million tons per year from 75 million tons per year by the end of the current Iranian year (until March 2018). This was announced by the Minister of Mines Mohammad Reza Nematzadeh, speaking at the opening of an iron ore concentrate plant with... 07.08.2017  11:03

• Rebar on the Shanghai Stock Exchange hits a new high Chinese rebar futures jumped 4 percent to a four-year high on Friday, reflecting strong demand for construction material from the world's largest consumer. Rising steel prices have boosted profit margins for Chinese factories, potentially driving growth. Iron ore raw material prices also... 05.08.2017  11:28

• Zaprozhstal actively cooperates with educational institutions Annually about 1,500 students of universities, colleges and vocational lyceums undergo introductory, industrial and pre-diploma practice at Zaporizhstal. In 2017, over 700 students and pupils underwent practical training at the enterprise. Based on the results of practical training, 100 best... 04.08.2017  12:59

• Ukraine already feels the reduction in gas transit The restriction on the transit of Russian gas through the territory of Ukraine affected the country's budget. Moscow's actions show that it is necessary to take into account in the budget the possibility of reducing transit. The decline in gas transit is not a surprise. As soon as Russia has the... 04.08.2017  12:18

• Iron ore market in chocolate Vale, the world's largest iron ore producer, says the industry is taking advantage of the sweet moment when rising prices generate a neat profit, but not enough for a long run. “The market is in a sweet spot right now with iron ore prices ranging from $ 60 to $ 70,” said Vale SA Chief Financial O... 04.08.2017  11:39

• The Ukrainian government has purchased a large batch of Mitsubishi Outlander hybrids A handover ceremony of 635 Outlander PHEV vehicles was held in Kiev with the participation of the Prime Minister of Ukraine and Osamu Masuko, President and CEO of Mitsubischi. For the company, this is the largest order in the history of the PHEV fleet. In line with the policy of reducing CO2 and... 03.08.2017  12:07

• Juncker: if necessary, we will respond to US sanctions against Russia The US intention to tighten sanctions against Russia could force the EU to react if it violates the economic interests of the EU, as the head of the European Commission Jean-Claude Juncker said in an interview with ARD radio. In response to the signing of the law to tighten sanctions against... 03.08.2017  11:38

• Steel market overview in the USA With ongoing talk of a Section 232 investigation in the US, steel market participants are uncertain about the direction of domestic pricing. US steel prices are expected to be lower in summer as market activity slows down during the holiday season. However, the possible introduction of... 03.08.2017  10:06

• Outokumpu sells its pipe plant in the USA Outokumpu sells its pipe plant in Wildwood, Florida, USA to the leading US distributor of Taiwanese company Ta Chen International Inc. This was reported by the company MDM Group . The divestiture serves the company's financial and operational interests, allowing Outokumpu to focus on US... 02.08.2017  16:30

• China promises complete rejection of scrap metal Chinese Prime Minister Li Keqiang has pledged to maintain a "relentless" drive to halt induction furnace-based steel mills, boosting the country's steel and iron ore markets. The most active iron ore contract on the Dalian Commodity Exchange rose 8% today, while the most active rebar contract rose... 02.08.2017  10:35