Metallurgy news

• Ukraine already feels the reduction in gas transit The restriction on the transit of Russian gas through the territory of Ukraine affected the country's budget. Moscow's actions show that it is necessary to take into account in the budget the possibility of reducing transit. The decline in gas transit is not a surprise. As soon as Russia has the... 04.08.2017  12:18

• Iron ore market in chocolate Vale, the world's largest iron ore producer, says the industry is taking advantage of the sweet moment when rising prices generate a neat profit, but not enough for a long run. “The market is in a sweet spot right now with iron ore prices ranging from $ 60 to $ 70,” said Vale SA Chief Financial O... 04.08.2017  11:39

• The Ukrainian government has purchased a large batch of Mitsubishi Outlander hybrids A handover ceremony of 635 Outlander PHEV vehicles was held in Kiev with the participation of the Prime Minister of Ukraine and Osamu Masuko, President and CEO of Mitsubischi. For the company, this is the largest order in the history of the PHEV fleet. In line with the policy of reducing CO2 and... 03.08.2017  12:07

• Juncker: if necessary, we will respond to US sanctions against Russia The US intention to tighten sanctions against Russia could force the EU to react if it violates the economic interests of the EU, as the head of the European Commission Jean-Claude Juncker said in an interview with ARD radio. In response to the signing of the law to tighten sanctions against... 03.08.2017  11:38

• Steel market overview in the USA With ongoing talk of a Section 232 investigation in the US, steel market participants are uncertain about the direction of domestic pricing. US steel prices are expected to be lower in summer as market activity slows down during the holiday season. However, the possible introduction of... 03.08.2017  10:06

• Outokumpu sells its pipe plant in the USA Outokumpu sells its pipe plant in Wildwood, Florida, USA to the leading US distributor of Taiwanese company Ta Chen International Inc. This was reported by the company MDM Group . The divestiture serves the company's financial and operational interests, allowing Outokumpu to focus on US... 02.08.2017  16:30

• China promises complete rejection of scrap metal Chinese Prime Minister Li Keqiang has pledged to maintain a "relentless" drive to halt induction furnace-based steel mills, boosting the country's steel and iron ore markets. The most active iron ore contract on the Dalian Commodity Exchange rose 8% today, while the most active rebar contract rose... 02.08.2017  10:35

• Wheat prices in Russia are stable Russian wheat export prices were stable last week after rising for 10 consecutive weeks as concerns about this year's crop quality and harvest eased. Russian wheat with 12.5% ​​protein and delivery in August Black Sea was $ 196 per tonne free of charge (FOB) at the end of last week, unchanged fro... 01.08.2017  11:00

• Strong demand for steel in China Steel prices in China continued to rise as the purchasing managers' index rose at the fastest pace since April 2016 in the last reporting month. China's steel industry is booming as the government seeks to combat overcapacity and rein in its more rebellious facilities. The elimination of... 01.08.2017  10:46

• Russian Nornickel reduced nickel output by 8% in the second quarter Russia's Norilsk Nickel said on Monday that in the second quarter, consolidated nickel production fell 8 percent from the previous quarter to 49,000 tonnes. The volume of nickel produced from our own raw materials amounted to 48 thousand tons, which is 2 percent less than in the previous... 01.08.2017  10:37