Metallurgy news

• 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

• German Firm Helps Increase Steel Smelting in Iran SMS Group, a private firm that builds steel, aluminum and copper smelters, has signed a $ 400 million contract to build facilities that would add 3.5 million tonnes a year to expand production in Mobarek, Iran, with potential growth to 5 million tons. At the same time, Tehran's ambitions alarmed... 03.04.2017  10:06

• Ferroalloy production is growing in China According to statistics from China, in January-February this year, the country produced 5.157 million tons of ferroalloys, increasing output by 2.8% over the same period last year. Although the supply of ferroalloys and demand have faced some difficult factors this year, such as environmental... 03.04.2017  09:37

• Dnipro Steel Works is looking for opportunities to resume work The shutdown of the main units of the plant was caused by the cessation of coke supplies and a shortage of working capital. At the moment, each structural subdivision has certain tasks, and in general, efforts are aimed at resuming the work of the plant as quickly as possible and starting to... 03.04.2017  09:22

• Coal price forecast After a sharp rise in coal prices in the second half of 2016, amid China's restrictions on the use of coal, the price of steam and coking coal has dropped sharply this year. But they hold above $ 80 and $ 150 per tonne, respectively, and the market is still trading well above the last multi-year... 01.04.2017  14:50

• EU considers US duties artificially high The European Commission said on Friday that it regrets the US decision to impose anti-dumping measures on steel plates exported from Europe, adding that duties were "artificially high." The US Department of Commerce decided to impose duties of up to 148 percent on plates from seven manufacturers... 01.04.2017  14:37

• Lower demand for steel in China affects the price of iron ore Steel demand in China is expected to fall 1.9 percent in 2017, putting pressure on prices for key steelmaking ingredients, including iron ore. In China, the world's largest consumer and producer of steel, steel demand is projected to weaken to 660 million tonnes, said Li Xinchuang, president of... 01.04.2017  14:26

• EU wants to negotiate with Russia on Nord Stream 2 The European Commission will ask EU member states for a mandate to negotiate with Russia on the planned Nord Stream -2 gas pipeline. The European Commission stated that the negotiations should concern the application of the principles of EU law on the offshore section of the main pipeline. Some... 31.03.2017  16:40