Metallurgy news

• India will become the third largest automotive market in the world India's state-owned steel company SAIL will begin production of automotive steel in a $ 1 billion partnership with ArcelorMittal in three years. A senior government official said this would help reduce imports of high-quality steel as the country ramped up production of cars. The Steel Authority... 15.12.2017  20:09

• Austria restored gas transit after the accident The gas transmission operator of Australia Gas Connect Austria reports that after the elimination of the largest accident at the Baumgarten station, it has restored gas transit. An explosion occurred Tuesday morning at a gas hub in Baumgarten, Austria, followed by a massive fire. The cause of the... 13.12.2017  10:50

• Chinese metallurgists have significantly increased the profitability of production S&P Global Platts analysis and data show that global operating margins for steel mills look strong year-over-year as steel prices rose higher compared to iron ore, coking coal and scrap. In China, spreads between steel and prices for imported blast furnace raw materials remained close to... 13.12.2017  10:41

• Dneprospetsstal: production results in November 2017 In November 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 20,153 tons of steel, which is 11.7% less than last month. During the same period, the Company produced 13,495 tons of rolled metal, which is 6.9% less than in October 2017. The total cost of c... 12.12.2017  14:45

• Metinvest will make early payment of Eurobonds Metinvest Holding announced that it is going to pay interest to holders of Eurobonds with maturity until December 31, 2021, $ 6 million 508,901 thousand of non-guaranteed income for the period from August 18 to September 18, 2017. According to the company's statement on the website of the Irish... 12.12.2017  11:02

• Steel price in China continues to rise The war on smog pushed Chinese steel prices to a nine-year high last week amid tighter supplies and unexpectedly healthy demand, especially in eastern and southern China. Chinese steel futures jumped on Monday after a three-day drop as production cuts at the world's largest producer deepened in... 12.12.2017  10:55

• US Senate Investigates Uranium Exports By A Russian-Owned US Firm Senate Environment Committee Chair John Barrasso sent a letter to Energy Secretary Rick Perry and Nuclear Regulatory Commission Chair Christina Svinitski, informing him that he is expanding the investigation into the sale of uranium from the Uran-1 plants to the Russian state-owned company... 12.12.2017  10:39

• Aboriginal people open their first mine in Australia Sunday was a big day for Aboriginal people in Northern Australia with the opening of a new bauxite mine. At a ceremony marking the official opening of the mine, leader Gumatj Galarrwyy Yunupingu dumped a handful of bauxite into the hands of two Rio Tinto workers. The event was historic because... 11.12.2017  11:22

• India: rising iron ore prices Increases in iron ore prices from Indian suppliers, most notably the National Mineral Resources Development Corporation (NMDC), disrupted steel production. Industry sources say the nominal increase at regular intervals in line with the international price has affected small and marginalized... 11.12.2017  10:55

• European coal plants will decline By 2030, 97 percent of businesses will have negative cash flow as the European Commission plans to end so-called “to coal” payments by the middle of the next decade and battery technology will improve to provide more power needed during peak hours. “Coal will be put in a death spiral, and asset o... 10.12.2017  12:22