Metallurgy news

• Iron ore price drop forecast driven by China's economic reorientation Maintaining the forecast for iron ore prices at an average of $ 70 per tonne in 2017 and $ 50 tonne for 2018, while the projected price drop depends on China's economic reorientation in heavy industry. “This will reduce the demand for iron ore,” the firm said Wednesday, adding that, combined wit... 17.11.2017  10:54

• Copper and Nickel Sink Back to Multi-Week Lows London nickel and copper futures bounced back to multi-week lows on Thursday, reflecting investor concern over recent data that showed China's economy cooled in October. “Weak economic data in China earlier this week sparked some concern over demand for stainless steel and nickel in the coming m... 17.11.2017  10:38

• ArcelorMittal employees trained in identifying fraudsters in the workplace ArcelorMittal Dubai (CIS), in cooperation with Deloitte Forensic India, provided training on fraud awareness, the press service of the Ukrainian division of the world's largest steel company said. As part of the Fraud Awareness Week, all ArcelorMittal businesses are hosting various activities to... 16.11.2017  21:21

• Gold purchases from global central banks up 25% in Q3 2017 The central bank of Russia added 63 tons to its gold holdings in the third quarter. Since the beginning of the year, the Central Bank of the Russian Federation has increased its reserves by 164 tons. The central banks of Russia, Turkey and Kazakhstan were the dominant buyers for a three-month... 16.11.2017  10:18

• Mexico begins investigation into the import of steel plates from Italy and Japan Mexico's Ministry of Economy has launched an anti-dumping investigation into heavy plate imports from Italy and Japan, regardless of country of origin, the ministry said on Tuesday. The product to be examined is heavy slabs no more than 4.75 mm (0.187 in) thick and a width equal to or greater... 16.11.2017  10:09

• Metinvest Group and Lemtrans have agreed on long-term cooperation Metinvest Group and Lemtrans signed a cooperation agreement for three years. By the end of 2020, Lemtrans guarantees to meet with its own fleet about 50% of Metinvest Group's gondola needs. Within the framework of the agreement, Lemtrans, in addition to providing Metinvest with gondola cars,... 15.11.2017  19:45

• In the commodity structure of exports of Donetsk region 77 percent - rolled metal In January-September 2017, foreign exchange earnings from export deliveries of goods from the Donetsk region (excluding part of the anti-terrorist operation zone) amounted to US $ 3.1 billion, which is 24.1% more than in January-September of the previous year. This was reported on Wednesday in ... 15.11.2017  11:03

• PJSC "ArcelorMittal Kryvyi Rih" increases its competitiveness in world markets PJSC "ArcelorMittal Kryvyi Rih" became the world's first full-cycle mining and metallurgical enterprise - the owner of two certificates: compliance with the sustainable development management system and the system of responsible sourcing according to the BES 6001 standard. The presence of these... 15.11.2017  10:04

• China's demand for iron ore in November will fall by 6 million tons Iron ore demand in China is forecast to decline by 6 million tonnes in November as the world's largest consumer of raw materials plans to curb steel production in the winter to meet air pollution targets. Steel production cuts in 28 Chinese cities are set to begin Nov.15 and may include other... 15.11.2017  09:50

• Metinvest presented a project of ecological reconstruction of a blast furnace at Azovstal to the public of Mariupol Metinvest Group is investing UAH 2 billion in the reconstruction of blast furnace (BF) No. 3 at the Azovstal metallurgical plant. The expected reduction in dust emissions is 80%. In addition, by 2021, the company will allocate more than UAH 2.2 billion for the implementation of environmental... 15.11.2017  09:48