Metallurgy news

• Steel smelting on the rise despite cuts in capacity in China Crude steel production in China in the first three quarters of this year increased significantly compared to the corresponding period last year. Meanwhile, government officials said the centrally managed state-owned enterprises are on track to meet their 2016 annual capacity reduction... 30.10.2016  09:43

• Copper in London holds near 2-week highs Copper prices on the London Metal Exchange are holding near their highest levels in two weeks, strengthening on the back of improved outlook for the US economy and the recovery in China's steel sector, which is fueled by speculative buying in base metals. Copper on the London Metal Exchange fell... 28.10.2016  11:03

• Putin: we offer gas to Ukraine for $ 180 Russia is ready to sell gas to Ukraine at $ 180 per thousand cubic meters, but Kiev will buy gas on the reverse reverse principle, as Russian President Vladimir Putin said on Thursday and pointed out the possible reasons for this state of affairs. Ukraine stopped buying gas from Russia in... 28.10.2016  10:31

• What caused changes in coking coal prices? The long-awaited rise in coking coal prices on world markets for mining companies is gradually affecting steel production. In 2010-2013, the boom in high coking coal prices was driven by strong demand for steel products and rising prices in most regions of the world. Currently, the rise in... 28.10.2016  09:53

• Moody's: Chinese and Russian steel imports negatively affect European metallurgists Continued competition from cheaper Chinese and Russian imports will maintain a poor outlook for the European steel industry over the next 12-18 months, Moody's Investors Service said in a published report. “Global and regional imbalances between supply and demand will continue to weigh on sector ... 27.10.2016  10:31

• EU Parliament Calls for Freeze Nord Stream 2 The EU Parliament resolution calls for freezing the construction of Nord Stream 2. "The German-Russian gas pipeline is contrary to European interests." Instead, the European Parliament is in favor of developing a network of LNG terminals. Nord Stream 2 poses a threat to supply lines in the... 27.10.2016  10:17

• Posco Reaches Most Profit Since 2013 Amid Rising Steel Prices Posco, the largest steelmaker in South Korea, posted the largest quarterly profit since 2013, as a boom in China's real estate and infrastructure sectors drives global prices higher, driving margins at Asian factories. Moody 's Investors Service revised the company's rating outlook from negative to... 27.10.2016  09:42

• Ten thousand steelworkers on the streets of Brussels IndustriALL is organizing a demonstration on 9 November to bring 10,000 steel workers across Europe to the streets. The association has nearly 7 million members and is committed to countering the shrinking steel industry in the European Union. IndustriALL recalls that before the crisis, more... 26.10.2016  10:38

• Leading steel producers in September 2016 According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association totaled 132.909 million tonnes in September this year. Monthly output increased 2% over the same month last year. These 66 countries produced... 26.10.2016  10:25

• Brexit will reduce steel consumption in Europe According to Eurofer, the impact of Brexit next year will weaken investment activity and thereby reduce demand for steel. Steel consumption in the EU will fall in the second half of this year. In the second quarter of this year, apparent steel consumption in the European Union grew by 2.3... 26.10.2016  10:08