Metallurgy news

• Asian coal prices skyrocket 32% overnight Coal prices in the Asia-Pacific region have skyrocketed as mills faced supply shortages amid news that BHP Billiton, the world's largest coal mining firm, has declared force majeure due to logistical problems caused by Cyclone Debbie. The source pointed out in the BHP statement about the force... 07.04.2017  11:45

• Russia has reduced the transportation of liquefied gas to Ukraine Russian customs officials stop rail and road transportation of liquefied natural gas destined for Ukraine. The Russian authorities explain that the suspension of the transportation of liquefied gas is dictated by security concerns, because Russian fuel is used in Ukraine for military... 06.04.2017  10:19

• Indian Metallurgists Reach Record Sales Indian steelmakers are optimistic about demand growth since mid-April after record sales during the 2016-17 fiscal year. The state-owned Steel Authority of India (SAIL) posted its best sales figures for the current fiscal year, growing up to eight percent. The company sold 13.143 million tonnes... 06.04.2017  10:16

• Outokumpu expands production in North Carolina Finnish company Outokumpu has expanded the production capacity of its stainless steel reinforcing bar mill in Richburg, South Carolina. The new lines will enable Outokumpu to better serve its end users in key segments including the automotive, aerospace, oil and gas, construction and chemical... 06.04.2017  10:01

• A revolution in the Russian gas market? The world's largest natural gas producer, Gazprom, has presented proposals for actions that would enable the company to increase domestic revenue and meet growing export demand. One of the proposed solutions is to increase gas prices for the population, as well as reduce prices for raw materials... 05.04.2017  11:12

• Coal price will rise amid disrupted exports from Australia After the damage caused to the world's largest coal exporter by Tropical Cyclone Debbie, the price of raw materials rose at the fastest pace in four years. Coking coal, a vital ingredient in steel production along with iron ore, rose 0.6 percent to $ 176.80 a tonne on Tuesday, after jumping 15... 05.04.2017  10:49

• Chinese steel exports fell Steel exports from China have generally been on the decline since June last year, according to Custeel. The main factor is the impact of good steel prices on the Chinese domestic market, although the anti-dumping duties imposed by the European Union, the United States and Canada have also had some... 05.04.2017  10:22

• Aluminum rises in price to 28-month high The metal, widely used in vehicle manufacturing and packaging, rose last week on supply concerns to $ 1,981, its highest since December 2014. Expectations of supply disruptions have led to a tightening of the market, but price increases are likely to be short-lived as producers restart capacity... 04.04.2017  12:59

• Cyclone Debbie to suspend coal exports for five weeks In Australia, rail lines for transporting coal in Queensland are expected to close for five weeks after Tropical Cyclone Debbie. Market participants said that it would be logical for buyers to start looking for alternative supply options from the US and Russia. The other three rail systems -... 04.04.2017  10:09

• Copper maintains price levels Copper on the London Metal Exchange holds the latest price levels reached, supported by China PMI data. Metal on the LME for delivery in 3 months is measured at $ 5838.00 per tonne. The PMI index, indicating the situation in the Chinese industrial sector, was 51.8 points in March, compared with... 04.04.2017  09:33