Metallurgy news

• Iron ore production will grow According to a report by Liberum Capital, next year the production of iron ore in the largest corporations in the world will increase by 50 million tons. According to banks, the price may fall to $ 45 per ton. The growth in production will also have those companies that complain about... 22.09.2016  09:39

• Eni is not interested in Turkish Stream Claudio Descalzi, CEO of Eni said: "No, we are not interested in this investment." He noted that from the moment when Eni was the main partner of Gazprom in the South Stream project (the Turkish stream is planned as a variant of the South Stream), the company's strategy has changed. Italians are... 21.09.2016  11:11

• INSG Releases Worldwide Stainless Steel Scrap Trade Data The International Nickel Study Group (INSG) has published its 28th report, which analyzes the main trends in the trade of stainless steel scrap between countries around the world. The INSG report states that Germany, the Netherlands and the United States continue to be among the top three... 21.09.2016  10:34

• China's steel production rises in August For the sixth month in a row, China's crude steel production increased from the previous month. However, the finished product output declined slightly during August. Meanwhile, steel consumption declined in the first eight months of this year compared to the same period in 2015. According to... 21.09.2016  09:17

• South Korea cuts down plate production capacity Three of the seven Korean metallurgical enterprises are planning to close the steel plate production capacity in several stages. Earlier, Korea Iron & Steel Association wrote a report on plans to restructure the steel industry. The steel plate is a 6mm thick steel sheet commonly used to build... 20.09.2016  11:46

• Gold and silver await bank decisions and oil data The drop in oil prices deepened last week in response to reports that Libya and Nigeria are planning to increase oil exports in the coming weeks. If the actions of these two countries are successful, the oil surplus in the market will rise and will continue for most of 2017, which is good news... 20.09.2016  11:08

• Iran significantly increased steel exports From March to August this year, Iran increased its steel exports by almost two-thirds. The country is building iron ore processing plants with a capacity of up to 10 million tons per year. Two of these plants will begin work before the end of the current Iranian year, which ends March 20, 2017.... 20.09.2016  10:41

• India increases imports of scrap steel According to statistics, in June this year, India imports 584,000 tons of scrap steel, an increase of 8.8% year on year. For eight months in a row, there has been an annual increase, but there was a 12.3% drop from the previous month. India imported 125,000 tons from United USA, increasing... 19.09.2016  13:01

• Will oil reach $ 100 a barrel? Crude oil prices hover around the $ 45 mark, but some analysts say oil may see a return to the $ 100 mark in the coming years amid stronger-than-expected global oil demand and turmoil among the Organization of the Petroleum Exporting Countries (OPEC) ... “The demand for crude oil is growing a... 19.09.2016  12:48

• Latest data of the largest exporters of iron ore Trade statistics show significant increases in iron ore exports from Brazil and Canada. On the other hand, export volumes recorded declines in other major exporting countries, including Russia and South Africa. Brazilian iron ore exports in August increased by 14% over the previous year to 34.5... 19.09.2016  12:13