Metallurgy news

• Brazil in September increases steel production and reduces exports Brazilian steel production rose year-on-year in September for the first time in 15 months. Production in September increased by 3.1 percent to 2.58 million tons of steel compared to the same month a year earlier. Although it decreased by 6.8 percent compared to August, as stated in a statement by... 20.10.2016  16:17

• Merkel and Putin are trying to find a new solution to Syria and Ukraine Following the meeting between Chancellor Merkel and Russian President Vladimir Putin in Berlin, on Thursday and Friday at the EU summit a decision will be made on sanctions against Russia. On the other hand, the EU wants to actively work on a political solution for Syria. Putin proposes a new... 20.10.2016  10:14

• Saudi Arabia expresses optimism about oil “The oil market is at the end of a significant downturn,” said the country's energy minister, Khalid Al-Falih. “I look forward to further improvement in market conditions,” he added. Referring to the prospects of the OPEC agreement on limiting the exit, he noted that non-OPEC countries are showin... 19.10.2016  13:53

• Evraz increased steel production by 6 percent in the third quarter Russia's Evraz, one of the country's largest steelmakers, said on Tuesday that its third-quarter steel production rose 6 percent qoq to 3.4 million tonnes after completing blast furnace repairs. The company said that in the fourth quarter of 2016, production at facilities in Russia is expected... 19.10.2016  12:47

• The first pipes for Nord Stream 2 will be delivered in October Without waiting for the full consent of the EU, the international consortium of energy companies Nord Stream 2 AG, which includes the Russian company Gazprom, will deliver the first batch of pipes for the construction of a gas pipeline across the Baltic Sea by the end of October, DPA reported. The... 19.10.2016  11:51

• Zinc may rise to a 5-year high According to Japan's largest producer Mitsui Mining & Smelting Co, zinc prices could advance to $ 2,500 a tonne in March due to a "super tight supply" of ore after the companies cut output. Even if Glencore halted the production cut, supply would continue to lag behind demand, despite the "feeling... 18.10.2016  10:48

• Russian coal exports increased For the first nine months of this year. Russian railways transported 121.1 million tons of coal for export, which is 7.5 percent more than a year ago. Raw material production totaled 281.4 million tonnes, up 5.6 percent YoY. According to industry estimates, the structure of coal sales has... 18.10.2016  10:13

• EU steel industry is fighting for its future About 60 CEOs of European companies in the metals industry sent letters to heads of state and government ahead of the European Council scheduled for 20 and 21 October. They will have to make a number of important decisions for the European iron and steel sector. The representatives of metallurgy... 18.10.2016  09:51

• Exports of scrap metal in Russia decreased slightly Russian exports of ferrous scrap amounted to 3.250 million tons during the first seven months of this year. At the same time, exports decreased slightly, by 1.6%, compared with exports of 3.303 million tons in January-July in 2015. Based on current data, the export of ferrous scrap in the country... 17.10.2016  10:49

• MMK's operating results remain stable Magnitogorsk Iron and Steel Works (MMK) released a report on crude steel production for the 3rd quarter and the first 9 months of 2016. MMK's production in the third quarter was 3.18 million tonnes, not significantly changing compared to the second quarter. Shipments of products amounted to 2.86... 17.10.2016  10:26