Metallurgy news

• Lower demand for steel in China affects the price of iron ore Steel demand in China is expected to fall 1.9 percent in 2017, putting pressure on prices for key steelmaking ingredients, including iron ore. In China, the world's largest consumer and producer of steel, steel demand is projected to weaken to 660 million tonnes, said Li Xinchuang, president of... 01.04.2017  14:26

• EU wants to negotiate with Russia on Nord Stream 2 The European Commission will ask EU member states for a mandate to negotiate with Russia on the planned Nord Stream -2 gas pipeline. The European Commission stated that the negotiations should concern the application of the principles of EU law on the offshore section of the main pipeline. Some... 31.03.2017  16:40

• Iran will increase production of iron ore Iran will start production of iron ore pellets with a total capacity of 7.5 million tons. Two new factories were built in the country. The Iranian Mining and Mining Development Agency (IMIDRO) announced that two iron ore granulating plants with an initial production capacity of 5 million tons... 31.03.2017  15:57

• Automotive Industry Increases Steel Consumption Last year saw the largest increase in steel use in the automotive industry among the consuming segments of production. 2017 will be similar, although growth rates will slow. Consumption in the auto industry rose 5.5 percent last year, according to the Eurofer SWIP Index, which measures economic... 31.03.2017  13:59

• Are steel prices close to their peak? The steel market has grown strongly over the past year. Numerous anti-dumping duties have changed the international flow of steel. After a sharp drop to the bottom, prices quickly climbed. Some types of products are already reaching the top of their price. According to analysts at MEPS... 30.03.2017  10:38

• Beijing met with metallurgy executives on overproduction Top Chinese government officials and steel executives met in Beijing to discuss the challenges of reducing overcapacity in the iron and steel sector, according to a statement posted on the website of the Chinese government agency. The government will continue to implement measures to reduce... 29.03.2017  10:12

• Gazprom plans to buy 5 billion m3 of Uzbek gas Russian gas giant Gazprom plans to buy 5 billion cubic meters of gas from Uzbekistan in 2017, up from 6.2 billion in 2016, according to government documents from the two... 29.03.2017  09:56

• Cyclone strikes at largest coal exporter Tropical cyclone Debbie crashed into Queensland on the Australian coast, causing devastating winds and rains to sweep away everything in its path. The storm is blowing away trees and power lines. The region was hit by the most powerful storm ever, as strong as the tropical cyclone Yasi, which hit... 29.03.2017  09:49

• Iran increases steel exports In the first 10 months of the current Iranian year ended January 10, the country exported 4.4 million tons of steel and steel products, up 45 percent over the same period last year. According to the forecasts of the Iran Steel producers' association throughout the year, exports will reach 5.7... 28.03.2017  22:04

• Top ten steel producers in January-February 2017 Based on data from the World Steel Association, a list of the top ten countries in the world in relation to total crude steel production during the first two months of this year, in thousands of tons, has been compiled: 1.China 128767 2.Japan 17343 3.India 16762 4.US 13337 5.South Korea... 28.03.2017  21:57