Metallurgy news
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Turkish BMS Steel Wire begins construction of a new rolling millTurkish steel wire mesh manufacturer, BMS Steel Wire, was planning to build a new plant in Aliaga /Izmir to increase its production capacity. After obtaining a building permit issued by the Aliagi government, the company began construction of a new wire mesh and ribbed steel rolling mill. At…
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Steel production in Italy increased in September compared to the same period last yearAccording to statistics, steel production in Italy in September this year amounted to about 2.3 million tons, which is 28.3% more than in the same month a year ago. This was the best production volume compared to the same period since 2012. Italy produced over 18.6 million tonnes of crude steel in…
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Who will be able to travel by train and bus after October 21 and how it will be controlled - UkrzaliznytsiaFrom October 21, according to the updated rules, before boarding the train, passengers must show a vaccination certificate or document confirming at least one dose of COVID-19 vaccine or a negative PCR test or rapid antigen test. This was reported by Ukrzaliznytsia. Otherwise, the conductor has the…
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NORNIKEL announces production results for 9 months of 20221PJSC MMC Norilsk Nickel, the world's largest producer of palladium and high-grade nickel, as well as a major producer of platinum and copper, announces preliminary production results for the third quarter and nine months of 2021, and also confirms an earlier production forecast for 2021. Senior…
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Dneprospetsstal increased production of metal productsElectrometallurgical plant "Dneprospetsstal" in Zaporozhye in January-September this year increased the output of finished rolled products, according to operational data, by 7.1% compared to the same period last year - up to 121 thousand tons. Steel production during this period increased by 3% -…
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Coking coal is on the list of strategic raw materialsThe European Union imports about 40 million tons of coking coal annually. This market has a global dimension and the demand for coking coal and coke depends mainly on the state of the steel industry. World coking coal production (1,139.5 million tons per year) is concentrated in several countries…
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There is no end to the rise in steel pricesThe situation on the steel market, unprecedented in recent decades, is causing a constant rise in prices, and it is not known how long this process may take, experts say. On the one hand, prices are driven by growing demand, and on the other, by very large increases in the cost of raw materials…
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Copper on the London Metal Exchange hits 27-year highAs LME copper stocks have declined recently, the gap between cash prices and future prices has been large. Estimated metal prices on the LME (London Metal Exchange) rose last Friday, while copper posted the biggest weekly gain since 2016. Copper price continued to rise to $ 10,452 /t today, up $…
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China's steel exports are weakening, while imports are risingChina's steel export market remained tepid last week, even as the price gap between Chinese sellers and their main competitors narrowed. On the contrary, China's interest in imports, especially wire rod, has become more active, traders' sources say. Chinese steel export prices declined sharply last…
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Tokyo Steel will raise prices for rolled metal products in NovemberTokyo Steel Manufacturing, a leading manufacturer of steel for electric arc furnaces in Japan, said it will raise prices of some of its steel products by 4.9% in November to reflect difficult market conditions. The company kept prices for all steel products, including the main H-beams, unchanged…
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