Metallurgy news

• Europe has increased profitability in the steel sector European steelmakers are enjoying the strongest market conditions in eight years amid Chinese reform and increased EU trade protection measures that once again improve the supply-demand balance, delivering robust profits that can last for the foreseeable future. Ratings agency Moody's believes... 29.10.2017  11:39

• A coal-free future Coal use should be “largely” reduced by mid-century so that the planet can avoid sea level rise of more than a meter by 2100, as Antarctic ice is melting faster than expected, new simulations led by the Australian team showed. Sea level rise by the end of the century is projected to exceed 1.3 me... 28.10.2017  12:29

• Global Nickel Market Targets Third Year of Deficit Global nickel demand is expected to outpace shipments for the third consecutive year in 2018 as stainless steel demand expands and nickel-containing battery production grows, the International Nickel Research Group (INSG) said. Global demand for nickel has increased to 2.259 million tonnes from... 28.10.2017  11:32

• POSCO raises its 2017 sales forecast South Korean steel company POSCO posted a 9 percent increase in operating profit in the third quarter as a robust rebound in steel prices boosted profits from overseas operations, including China. The steelmaker expects further growth in steel demand driven by restructuring at its largest... 27.10.2017  12:43

• The aluminum market will go into a deficit already in 2017 In its latest report, BMI Research raised its 2018 aluminum price forecast to $ 2,000 per tonne from the previous forecast of $ 1,900 per tonne. Growth in demand, especially from China, will lead to deeper than previously predicted market deficits. The trend, according to the company, will only... 27.10.2017  12:26

• How India is catching up with Japan in steel production Steel production in India is close to that of Japan, the world's second largest steel producer. Japan, along with the faster growing South Korea, remains a key market for high volume coal metallurgical contracts. While India may catch up with Japan in steel production, India is still trying to... 26.10.2017  14:28

• Ukraine plans to increase imports of coal from the United States amid a shortage Ukraine is looking to boost US coal imports as the country's winter coal reserves fell to their lowest level in three years. DTEK, Ukraine's largest private energy producer, said it intends to import 150,000 tonnes of US thermal coal after previously state-owned power plants focused on importing... 26.10.2017  13:22

• Eldorado reduces gold production at a mine in Turkey Canada's Eldorado Gold Corp (Eldorado) today announced it is cutting its plan to mine gold from the Kisladag mine, Turkey's flagship gold mine. Gold recovery is below expectations, according to a press release. Thus, the company expects production this year to be between 170,000 and 180,000... 26.10.2017  13:03

• Nord Stream 2 could cost Ukraine dearly Up to 3 percent of GDP could be lost by Ukraine in connection with the launch of the Nord Stream 2 gas pipeline by Russia, as US Ambassador to Ukraine Marie Yovanovitch said at a conference in Kiev. Nord Stream 2 will cut gas transportation through Ukraine. The US ambassador said this could lead... 25.10.2017  12:30

• Vale's coal production in Mozambique exceeds 3 million tonnes in the third quarter Mozambique's coal production at the Moatize mine in Tete province reached a record 3.2 million tonnes in the third quarter of this year, up 5.8% from the previous quarter, Brazilian mining company Vale said. In addition, Vale's iron ore production reached a record 95.1 million tonnes in the third... 25.10.2017  11:46