Metallurgy news

• Rusal boosts aluminum sales in the second quarter Russian aluminum producer Rusal reported a 4.6% increase in sales in the second quarter to 1.0 million tonnes and a 22 percent jump in average aluminum prices to $ 2.087 per tonne. On the London Stock Exchange, aluminum prices are up 15 percent this year on stronger demand and expectations that... 28.07.2017  12:15

• China Steel Futures Drop Amid Weak Demand Forecast Steel rebar futures in China eased after a three-day gain in profit, shedding nearly 2 percent on concerns about weak demand amid increased production at smelters. Construction work tends to slow down during periods of hot summer weather, rising again in the fall when temperatures drop before... 28.07.2017  12:04

• Coking coal prices fell in the second quarter Benchmark prices for all coal grades in Q2 2017 were significantly lower than in Q1 this year. In the second quarter of 2017, atmospheric events had a significant impact on the coal market, which significantly reduced supplies from Australia. Negotiations between steelmakers and coal producers... 27.07.2017  12:08

• Trump administration postpones steel trade decision The final decision on trade policy in the area of ​​steel will have to wait until other priority issues on the agenda are considered, US President Donald Trump said in an interview with the Wall Street Journal. The administration will take time to decide how to block steel imports, Trump told the... 27.07.2017  10:27

• Steel production in Asia and Africa increased significantly in June Production statistics released by the Worldsteel indicate significant growth in steel production in Asia, Africa and the Middle East in June 2017. Production in the Middle East grew 9.4% over the previous year. The regions of Africa and Asia recorded year-on-year growth of 5.5% and 4.5%,... 26.07.2017  11:32

• Copper on COMEX climbs 12% in a week Copper positions on the US COMEX rose 12% to 74,143 contracts in a week, the highest level since February, according to data from the Commodity Futures Trading Commission. Speculative investor support helped lift copper prices last week on the London Metal Exchange to $ 6,000 a tonne for... 26.07.2017  11:18

• DRI World Production Drops In June Iran continues to be the leading DRI iron producer. Preliminary figures released by the World Steel Association show that global production of direct reduced iron (DRI) in June this year fell by almost 6% from the previous month. Production was 4.849 million tons, up from 5.155 million tons a... 26.07.2017  11:00

• Top 10 steel producing countries in June According to the latest statistics published by the World Steel Association, in June this year, world steel production in 67 countries that reported the results of the Association amounted to 141.046 million tons. The monthly issue was up 3.2% from the release in the same month a year earlier.... 25.07.2017  11:53

• ArcelorMittal Kryvyi Rih may sue the organizers of the strike The administration of PJSC "ArcelorMittal Kryvyi Rih" considers the strike of workers of the underground ore mining department, scheduled for July 26, 2017, illegal PJSC "ArcelorMittal Kryvyi Rih" respects the right of the company's employees to publicly express their point of view. The... 24.07.2017  22:52

• Ukraine harvested about 13 million tons of grain As of July 20, Ukrainian agrarians harvested 12.939 million tons of grain and legumes on an area of ​​3.878 million hectares, which is 40% of the plan. The average yield was 3.34 tons /ha, according to the Ministry of Agrarian Policy and Food of Ukraine. In particular, farmers have procured win... 24.07.2017  12:30