Metallurgy news

• Steel prices will rise well in 2017 Since its peak in summer, global flat steel prices have dropped slightly. Nevertheless, there is some reason to believe that the price is ready to rise. At the same time, prices in China, the world's largest consumer and producer of steel, are now at their highest level in two years, while prices... 27.12.2016  12:57

• India restricts gold trade The Indian government obstructs the gold trade. Axis Bank - leading in the financing and management of gold imports - froze the accounts of several gold dealers. This was preceded by the arrest of two bank employees by officials of the Indian financial police. They are accused by the government of... 26.12.2016  12:45

• Steel production on continents in South and North America Steel production in South America dropped significantly during November 2016. Total monthly output fell 8.1% to 3.184 million tonnes. On the other hand, North American steel production rose 6.5% in November. The output was 8.844 million tons in November this year, compared with 8.304 million tons... 26.12.2016  12:27

• China has reduced imports of zinc Refined customs data show that China's zinc imports fell 63.49% year on year to 25.424 tons in November. At the same time, exports rose 10.17% year on year to 2,056 tons. The volume of zinc imports in the first eleven months of this year amounted to 400.951 tons, down 10.69%. From the beginning... 26.12.2016  12:06

• Philippines stops imports of 20,000 tons of Chinese steel The local steel association said it would not allow the import of substandard steel products from China to ensure public safety. The Philippine government is reported to have withdrawn permits to import 20,000 tons of steel from China because the poor quality of the steel does not meet the... 25.12.2016  17:51

• Brazilian crude steel production drops in November Brazil cut crude steel production nearly 5 percent year on year to 2.43 million metric tons for the month of November this year, up from 2.55 million tons a year earlier, according to the latest figures from Aco Brasil. In addition, crude steel production in November fell 10.7 percent from 2.72... 24.12.2016  11:32

• CISA: statistics of steel production in China According to statistics from the China Iron and Steel Association at the end of November, 97 key steel companies in China produced 17.196 million tons of crude steel, 16.629 million tons of pig iron, 16.9851 million tons of rolled products and 3.3444 million tons of coke. Crude steel production... 24.12.2016  11:05

• India may become a net exporter of steel India could become a net steel exporter in the current fiscal year, which ends in March 2017. The growth in exports over steel imports is taking place against the backdrop of improved world prices, a decline in retail sales, and demonetization in the country. In April-November, exports increased... 24.12.2016  10:36

• China increases oil imports from Russia and Saudi Arabia For 11 months of 2016, China increased its crude oil imports by 14 percent year on year to 344.63 million tons (2.577 billion barrels). The largest suppliers of raw materials to the Chinese market are Russia and Saudi Arabia. In November 2016, oil imports from Russia to China increased by 18... 23.12.2016  11:01

• Results of steel production in Russia in November and for 11 months of 2016 Russian metallurgists recorded a 5 percent increase in crude steel production in November to 5.975 million tonnes. While for 11 months, production amounted to 64.623 million tons, decreasing by 0.4% on an annualized level. During the period from January to November, the drop in steel output... 23.12.2016  10:44