Metallurgy news

• Iron ore prices remain below $ 50 per ton The Australian government's Department of Industry, Innovation and Science remains firm in its forecast that the price of iron ore in 2019 will average less than $ 50 per tonne. The department's report predicts that iron ore will be $ 55 per tonne in the second half of this year, and up to $ 49... 09.10.2017  10:18

• Ilyich Iron and Steel Works signed a contract for the supply of equipment for the reconstruction of a sheet rolling mill The Mariupol Metallurgical Plant named after Ilyich Metinvest Group signed a contract with Primetals Technologies Austria GmbH for the supply of equipment for the reconstruction of the 1700 sheet-rolling shop (LPC-1700) worth more than $ 25 million. Under the terms of the contract, the Austrian... 07.10.2017  12:09

• PJSC "ArcelorMittal Kryvyi Rih" is reconstructing sinter machine No. 5 PJSC "ArcelorMittal Kryvyi Rih" is carrying out the reconstruction of buildings and structures of the sinter machine complex No. 5. The work is carried out within the framework of the investment program of the enterprise, which includes the ecological and technical modernization of the sinter shop... 04.10.2017  17:02

• World gold prices fell to 8-week low On Tuesday, world gold prices fell to an eight-week low of $ 1,271 an ounce in daily trading. The precious metal is currently trading more than $ 80 below the peak that was reached in early September this year. The reason for the current fall is the flow of funds from the gold market to the stock... 04.10.2017  16:53

• Glencore will increase its share in zinc mining in Peru Renowned mining company Glencore acquires a 26.73% stake in Peru's largest zinc producer Volcan Compañía Minera SAA. The total amount of this transaction is approximately $ 531 million. As stated in the text of the company's statement on this matter, “this agreement will provide an increase in zinc ... 04.10.2017  16:52

• Indonesian steelmakers oppose import liberalization Indonesian steelmakers have expressed concern over the government's plan to further liberalize steel imports as part of an agreed program to improve Indonesia's position in the World Bank's annual Ease of Doing Business, which is now ranked 31st out of 185 countries. “Even now, with import r... 03.10.2017  13:56

• Zaporizhstal General Director Rostislav Shurma: Science in metallurgy needs to be given a new impetus On October 2-3, 2017, the International Metallurgical Forum "Science and Innovation" is being held in Kiev. The forum was organized by Metinvest Group together with the National Academy of Sciences of Ukraine and Smart-Holding. The forum was attended by the metallurgical companies Interpipe,... 03.10.2017  13:48

• Trump still intends to impose tariffs on steel imports The head of US steelmaker Nucor Corp said he received assurances from the White House that President Donald Trump is still determined to impose tariffs on imports of steel products, which include pipe and steel sheet. Despite repeated delays, the decision remains in effect. Meanwhile, American... 02.10.2017  15:20

• More than 2,000 layoffs expected in South Africa's mining sector Atlatsa Resources has announced its intention to close its Bokoni platinum mine in Limpopo province, South Africa. The closure is part of a debt write-off and restructuring deal with joint venture partner Anglo American Platinum (Amplats), the world's largest producer of platinum group metals.... 02.10.2017  10:50

• Iron Ore Marks Biggest Monthly Recession Since May 2016 Iron ore futures in China, the largest consumer of the raw material, posted the largest monthly decline since May 2016 amid growing concerns over demand as government inspections cut steel production when inventories were adequate. The best-selling iron ore contract on the Dalian Commodity... 01.10.2017  13:28