Metallurgy news

• Steel production in Asia and Africa increased significantly in June Production statistics released by the Worldsteel indicate significant growth in steel production in Asia, Africa and the Middle East in June 2017. Production in the Middle East grew 9.4% over the previous year. The regions of Africa and Asia recorded year-on-year growth of 5.5% and 4.5%,... 26.07.2017  11:32

• Copper on COMEX climbs 12% in a week Copper positions on the US COMEX rose 12% to 74,143 contracts in a week, the highest level since February, according to data from the Commodity Futures Trading Commission. Speculative investor support helped lift copper prices last week on the London Metal Exchange to $ 6,000 a tonne for... 26.07.2017  11:18

• DRI World Production Drops In June Iran continues to be the leading DRI iron producer. Preliminary figures released by the World Steel Association show that global production of direct reduced iron (DRI) in June this year fell by almost 6% from the previous month. Production was 4.849 million tons, up from 5.155 million tons a... 26.07.2017  11:00

• Top 10 steel producing countries in June According to the latest statistics published by the World Steel Association, in June this year, world steel production in 67 countries that reported the results of the Association amounted to 141.046 million tons. The monthly issue was up 3.2% from the release in the same month a year earlier.... 25.07.2017  11:53

• ArcelorMittal Kryvyi Rih may sue the organizers of the strike The administration of PJSC "ArcelorMittal Kryvyi Rih" considers the strike of workers of the underground ore mining department, scheduled for July 26, 2017, illegal PJSC "ArcelorMittal Kryvyi Rih" respects the right of the company's employees to publicly express their point of view. The... 24.07.2017  22:52

• Ukraine harvested about 13 million tons of grain As of July 20, Ukrainian agrarians harvested 12.939 million tons of grain and legumes on an area of ​​3.878 million hectares, which is 40% of the plan. The average yield was 3.34 tons /ha, according to the Ministry of Agrarian Policy and Food of Ukraine. In particular, farmers have procured win... 24.07.2017  12:30

• Iron ore surpasses the psychological level of $ 70 per ton A good start for iron ore in the second half of July and a rise above $ 70 /t is likely to fade at the end of the year as demand from the main buyer, China, slows and global mine reserves remain robust, according to experts from Sucden Financial Ltd. and Bank Julius Baer & Co. “Any significant s... 24.07.2017  09:29

• US steel production fell in June Despite a 1.7% drop in U.S. steel production in June, production rose 1.3% in the first half of 2017 after two years of decline. Higher prices are driving idle plant restarts, and Big River Steel's new plant in Arkansas continues to ramp up... 23.07.2017  11:07

• Worldsteel CEO on the outlook for global metallurgy Global steel production grew 4.5% year on year in the first six months of 2017 to 695 million tonnes. World Steel Association CEO Edwin Basson said the global steel capacity of around 2.4 billion tonnes is "already sufficient to meet supply requirements through 2035." Strong growth in steel... 23.07.2017  10:54

• Black Iron evaluates the Shimanovskoye field The Canadian iron ore exploration and development company Black Iron Inc, which is promoting its project for the production of iron ore concentrate at the Shimanovskoye deposit located in Krivoy Rog in Ukraine, intends to start a new phase after an economic assessment. A preliminary economic... 21.07.2017  13:41