Metallurgy news

• Copper rises in price in anticipation of strike in Indonesia Copper on the London Metal Exchange rose in price in response to information about a planned strike at the Grasberg copper mine in Indonesia. Metal on the LME for delivery in 3 months reached $ 5642.00 a tonne, after a 0.3 percent increase. Workers at Freeport-McMoRan Inc.'s Grasberg copper mine... 23.04.2017  11:00

• Avdiivka Coke Plant of Metinvest Group and the civil-military administration of Avdeevka signed a Social Partnership Agreement for 2017 Funding for social programs will amount to UAH 11.9 million. The Agreement was signed by Musa Magomedov, General Director of the Avdiivka Coke-Chemical Plant, and Pavel Malykhin, Head of the Civil-Military Administration. Over the six years of cooperation, Metinvest has invested UAH 53.1... 21.04.2017  17:23

• Trump signs steel import directive US law allows import restrictions for reasons of national security. Based on this, President Donald Trump on Thursday signed a directive requiring verification of the impact of steel imports on US national security and potentially associated risks. Trump signed the document at the White House in... 21.04.2017  09:33

• Metinvest and Kryvyi Rih city authorities approve Social Partnership Program for 2017 The company's investments will amount to UAH 60 million - one and a half times more than last year. The corresponding document was signed on April 20 by the mayor of Krivoy Rog Yuri Vilkul, general director of Metinvest Yuri Ryzhenkov and the heads of the Krivoy Rog mining and processing... 20.04.2017  16:30

• PJSC "ArcelorMittal Kryvyi Rih" is the largest taxpayer in Ukraine in the mining and metallurgical complex Kryvyi Rih, April 20, 2017 The State Fiscal Service of Ukraine has identified the TOP-100 largest taxpayers of Ukraine for 2016. The rating was published in the official publication of the State Social Fund "Visnik". The leaders in terms of the volume of tax payments were determined according to... 20.04.2017  14:55

• POSCO forecast - coking coal price over $ 200 per ton South Korean steel company POSCO said that coking coal prices (benchmark contracts) could reach more than $ 200 per tonne in the second quarter amid rising prices driven by a cyclone in Australia. POSCO had previously expected benchmark prices ranging from $ 150 to $ 170 per tonne in... 20.04.2017  11:53

• China's copper production in March reaches its highest level since December 2015 China's National Bureau of Statistics released sophisticated data on copper production, which rose 8.5 percent in March from a year earlier to 764,000 tons. This is China's highest copper production since at least December 2015, while aluminum and iron ore output levels were lower from a month... 20.04.2017  11:46

• North Korea Steel Sector Assessment Extremely secretive North Korea does not provide data on its industrial strength, but the latest US intelligence data indicate that the country has a fairly stable steelmaking capacity of about 12 million tons per year. However, experts believe that the actual production is much lower than the... 20.04.2017  10:57

• Steel smelting in India to double by 2031 Smelters in India are focused on more metal and fast growth over the next decade. According to the Steel Association in India, steel output will more than double to meet the needs of the growing economy and rapid urbanization of the country. Production is set to grow 10 to 12 percent annually,... 19.04.2017  22:28

• Metal cocktail Audi A8 The body of the next generation Audi Space Frame (ASF) A8 is a multi-piece structure using aluminum, steel, magnesium and carbon fiber. This combination of materials also requires different joining methods. The A8 uses 14 of them, from welding to bonding to sheet metal. Hot rolled steel parts... 19.04.2017  12:20