Metallurgy news

• Tokyo Steel keeps product prices down Tokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, said this week that it will hold its product prices in June by keeping them stable for four months. “We will stick to current prices as domestic activity has become slow and spot prices remain unchanged,” Tokyo Ste... 23.05.2017  12:23

• Russian wheat export prices rise amid purchases from Egypt and the strengthening of the ruble Russian wheat export prices rose last week, supported by government purchases from Egypt, the largest buyer of Russian wheat, and expectations that the ruble will continue to rise against the dollar, analysts said. Egypt bought 295,000 tons of wheat last week in a tender, including 60,000 tons... 23.05.2017  12:12

• Global steel demand will grow in 2017 The World Steel Association (WSA) predicts that steel demand in 2017 should increase by 1.3%. According to the association, this will have a positive impact on the steel market and ensure the stability of prices for steel products after the previous fall. Along with a warming American economy,... 23.05.2017  12:00

• Chinese metallurgists doubled their use of scrap metal Chinese metallurgists have increased the proportion of scrap metal used in BOFs to 17.5%, up from 9% two months ago. Metallurgists took advantage of lower scrap prices and complied with nationwide policy requirements, an official from China's Baowu Steel Group said. Technical constraints have... 22.05.2017  14:03

• Exports of pig iron increased in Russia According to statistics, Russian pig iron exports totaled 448,000 tons in February this year, an increase of 39.6% over the same period last year, reaching the highest level from 476,000 tons in December last year. In February, Russia exported 302,000 tons of pig iron to the United States,... 22.05.2017  12:57

• Ukraine must transform the energy sector for the next heating season Despite the blockade of coal supplies from Donbass for Ukrainian thermal power plants (TPPs), the country managed to avoid large-scale blackouts. In addition, Ukraine managed to increase its electricity generation by 2.1 percent on an annualized basis in January-April, according to... 22.05.2017  11:38

• US scrap metal imports hit record high in 5 years The United States imported 1.15 million tonnes of scrap steel in the first quarter of this year, a record in 5 years, according to the US Department of Commerce. Scrap metal imports increased mainly from Canada and Mexico, as well as from the European region. In the first quarter of this year,... 21.05.2017  12:36

• Global nickel market in small surplus The global market for refined nickel shifted towards a slight surplus in March following an increase in production outstripping robust global demand, as shown by the International Nickel Study Group figures. Global production of refined in March rose more than 5 percent to 173,100 tons compared... 21.05.2017  12:14

• Coal will be Southeast Asia's most important energy source by 2030 In recent years, following an increase in demand, coal is projected to overtake natural gas to become the largest source of energy in Southeast Asia by 2030. The International Energy Agency projects a threefold increase in coal-based electricity production to 920 TWh in 2035 from just 255 TWh in... 21.05.2017  12:05

• Turkey's steel production grows 12 percent in January-April 2017 Turkish crude steel production increased 12 percent in the first four months of 2017 to 11.8 million tonnes on an annualized basis. In January-April 2017, billet production totaled 8.02 million tonnes, up 6.4 percent year on year. Steel plate output in the period rose 26.2 percent YoY to 3.8... 21.05.2017  11:50