Metallurgy news

• POSCO raises its 2017 sales forecast South Korean steel company POSCO posted a 9 percent increase in operating profit in the third quarter as a robust rebound in steel prices boosted profits from overseas operations, including China. The steelmaker expects further growth in steel demand driven by restructuring at its largest... 27.10.2017  12:43

• The aluminum market will go into a deficit already in 2017 In its latest report, BMI Research raised its 2018 aluminum price forecast to $ 2,000 per tonne from the previous forecast of $ 1,900 per tonne. Growth in demand, especially from China, will lead to deeper than previously predicted market deficits. The trend, according to the company, will only... 27.10.2017  12:26

• How India is catching up with Japan in steel production Steel production in India is close to that of Japan, the world's second largest steel producer. Japan, along with the faster growing South Korea, remains a key market for high volume coal metallurgical contracts. While India may catch up with Japan in steel production, India is still trying to... 26.10.2017  14:28

• Ukraine plans to increase imports of coal from the United States amid a shortage Ukraine is looking to boost US coal imports as the country's winter coal reserves fell to their lowest level in three years. DTEK, Ukraine's largest private energy producer, said it intends to import 150,000 tonnes of US thermal coal after previously state-owned power plants focused on importing... 26.10.2017  13:22

• Eldorado reduces gold production at a mine in Turkey Canada's Eldorado Gold Corp (Eldorado) today announced it is cutting its plan to mine gold from the Kisladag mine, Turkey's flagship gold mine. Gold recovery is below expectations, according to a press release. Thus, the company expects production this year to be between 170,000 and 180,000... 26.10.2017  13:03

• Nord Stream 2 could cost Ukraine dearly Up to 3 percent of GDP could be lost by Ukraine in connection with the launch of the Nord Stream 2 gas pipeline by Russia, as US Ambassador to Ukraine Marie Yovanovitch said at a conference in Kiev. Nord Stream 2 will cut gas transportation through Ukraine. The US ambassador said this could lead... 25.10.2017  12:30

• Vale's coal production in Mozambique exceeds 3 million tonnes in the third quarter Mozambique's coal production at the Moatize mine in Tete province reached a record 3.2 million tonnes in the third quarter of this year, up 5.8% from the previous quarter, Brazilian mining company Vale said. In addition, Vale's iron ore production reached a record 95.1 million tonnes in the third... 25.10.2017  11:46

• AISI US Steel Production Data US steel production declined slightly last week and was 0.7% lower than the previous week, but 4.6% higher compared to the same week last year, according to data released by the American Iron and Steel Institute. US capacity utilization dropped to 74.3% last week from 74.8% the previous week,... 25.10.2017  11:13

• Ukraine has decided on the conditions for the resumption of purchases of gas from Russia Ukraine, which had not bought gas from Russia for more than two years, could have purchased it, but on condition that the fuel collection point was located in the east, and not on the western border of Ukraine, as Deputy Prime Minister Volodymyr Kistion said. If the entry point is moved to the... 24.10.2017  11:35

• Copper has risen by 50% and this is not the end of growth Copper prices on the London Metal Exchange are growing strongly - by 1.7%. The metal has earned more than 50 percent in the past 12 months, and so far Dr. Copper, as he talks about copper, is not bad. Copper on the LME for 3-month delivery is worth $ 7123.00 a tonne on Tuesday, dealers... 24.10.2017  11:25