Metallurgy news

• World steel production grew by 5.5% in December and by 0.8% in 2016 World crude steel production totaled 1,628.5 million tonnes in 2016, up 0.8% from 2015. Steel production declined in Europe, the Americas and Africa. Steel production increased in the CIS, the Middle East, Asia and Oceania. According to the latest statistics released by the World Steel... 26.01.2017  10:21

• South Korea increases imports of scrap steel The country's scrap metal imports rose year on year for the first time in four years. In 2016, imports amounted to about 5.8 million tons, which is 1.7% higher compared to the previous year. Scrap metal imports from Russia in December increased by 177% compared to the same month in 2015. Imports... 25.01.2017  10:54

• BHP iron ore yield breaks records The world's number one mining company, BHP Billiton, reported record half-year production from its Western Australia iron ore division. The block's iron ore production rose 4% year-on-year to 117.6 million tonnes in the six months to end December. Over the last quarter, production was 60 million... 25.01.2017  10:29

• China bets on gas Beijing wants to strengthen the role of gas in the country's energy balance. In the current five-year period (2016-2020), the share of gas in China's energy balance is expected to rise from 6.1 percent in 2016 to 10 percent at the end of the decade. How can Beijing achieve this? First, it is... 25.01.2017  09:48

• Taiwanese pipe mills increase price for February Taiwanese pipe factories have announced new retail prices for February. So Chung Hung Steel (CHS) raised the price by NT $ 600 /t, other companies in the country expect further price increases in February. China Steel Corp is expected to raise its price by NT $ 1000 - 1200 /t for the second... 24.01.2017  09:50

• Interpipe supplies wheel rims for Ukrzaliznytsia locomotives The Ukrainian company INTERPIPE during January 2017 will produce and supply 3,000 railway tires for locomotives to the enterprises of Ukrzaliznytsia. Bandages are designed for repairing locomotive wheels of suburban electric trains, electric locomotives and diesel locomotives. In December 2016,... 24.01.2017  09:39

• The metals market rallied again after Trump's speech Copper and other industrial metals rose on the London Metal Exchange in response to President Donald Trump's speech on Friday. On the LME, copper was up 1.4 percent. Aluminum is up 1.1 percent and is rated at its highest level since May 2015. Zinc rose in price by 1.1 percent and nickel by 1.9... 24.01.2017  09:18

• Negotiations on Syria are underway in Astana The talks in Astana have been prepared under the auspices of Russia, Turkey and Iran. In addition to the Syrian government and the opposition, UN Special Representative Staffan de Mistura is taking part. Official peace talks on Syria under the auspices of the United Nations are scheduled to take... 23.01.2017  11:13

• Leading South Korean Presidential Candidate Pledges To Use Less Coal And More Russian Gas South Korea's leading presidential candidate Moon Jae is committed to downsizing coal-fired power plants and phasing out nuclear reactors in the country, while seeking to buy Russian natural gas to meet electricity demand and combat climate change. The shutdown of old coal-fired power plants... 23.01.2017  10:42

• Smog in Hebei forces steel cut in 2017 China's northern province of Hebei has pledged to continue to cut steel and iron production capacity in 2017 in an attempt to counter the severe smog that plagues the province's residents. The provincial lieutenant governor has unveiled a wave of measures for 2017 to tackle smog, including a... 23.01.2017  10:12