Metallurgy news

• World gold prices fell to 8-week low On Tuesday, world gold prices fell to an eight-week low of $ 1,271 an ounce in daily trading. The precious metal is currently trading more than $ 80 below the peak that was reached in early September this year. The reason for the current fall is the flow of funds from the gold market to the stock... 04.10.2017  16:53

• Glencore will increase its share in zinc mining in Peru Renowned mining company Glencore acquires a 26.73% stake in Peru's largest zinc producer Volcan Compañía Minera SAA. The total amount of this transaction is approximately $ 531 million. As stated in the text of the company's statement on this matter, “this agreement will provide an increase in zinc ... 04.10.2017  16:52

• Indonesian steelmakers oppose import liberalization Indonesian steelmakers have expressed concern over the government's plan to further liberalize steel imports as part of an agreed program to improve Indonesia's position in the World Bank's annual Ease of Doing Business, which is now ranked 31st out of 185 countries. “Even now, with import r... 03.10.2017  13:56

• Zaporizhstal General Director Rostislav Shurma: Science in metallurgy needs to be given a new impetus On October 2-3, 2017, the International Metallurgical Forum "Science and Innovation" is being held in Kiev. The forum was organized by Metinvest Group together with the National Academy of Sciences of Ukraine and Smart-Holding. The forum was attended by the metallurgical companies Interpipe,... 03.10.2017  13:48

• Trump still intends to impose tariffs on steel imports The head of US steelmaker Nucor Corp said he received assurances from the White House that President Donald Trump is still determined to impose tariffs on imports of steel products, which include pipe and steel sheet. Despite repeated delays, the decision remains in effect. Meanwhile, American... 02.10.2017  15:20

• More than 2,000 layoffs expected in South Africa's mining sector Atlatsa Resources has announced its intention to close its Bokoni platinum mine in Limpopo province, South Africa. The closure is part of a debt write-off and restructuring deal with joint venture partner Anglo American Platinum (Amplats), the world's largest producer of platinum group metals.... 02.10.2017  10:50

• Iron Ore Marks Biggest Monthly Recession Since May 2016 Iron ore futures in China, the largest consumer of the raw material, posted the largest monthly decline since May 2016 amid growing concerns over demand as government inspections cut steel production when inventories were adequate. The best-selling iron ore contract on the Dalian Commodity... 01.10.2017  13:28

• Gazprom to build small LNG plants The Russian gas giant has set up a company to build small LNG plants. This could be one of the solutions that will allow Gazprom to transport raw materials from remote gas fields. Sometimes the raw materials are located in hard-to-reach areas, where the construction of a gas pipeline may be... 30.09.2017  13:45

• US steel imports to grow by 16% in 2017 The latest trade statistics released by the US suggest that the country's imports of finished steel products are likely to increase by 16% throughout 2017. Among the various steel products, oil pipes and steel sheets are likely to report the biggest jump in imports. According to the data,... 29.09.2017  12:02

• China bought tons of North Korean coal North Korea's major trading partner imported 1.64 million tonnes of coal in August, despite an alleged embargo imposed by Beijing to comply with UN sanctions aimed at ending Pyongyang's nuclear ambitions. According to CNN, while China announced in February that it would cut off all coal... 29.09.2017  11:52