Metallurgy news
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Turkey's steel sector results for the first quarterIn the first quarter of 2018, Turkey's metallurgical industry production performance reflects robust growth compared to the corresponding prior year. Nevertheless, there was a decrease in the volume of exports of rolled metal products. Consumption of long products of our own production in the…
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The specter of overproduction haunts China's steelmakers againExpectations of an uptick in steel production in China, along with signs of weakening demand, are pooled, creating worries for Chinese steel companies. Steel prices in China have weakened this year after two years of gains, and steel rebar traded in Shanghai fell 15% from a peak in December amid…
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North Korean coal traders hope for sanctions reliefSome North Korean traders are offering cheap coal to Chinese buyers who are stockpiling raw materials in ports in the isolated country, hoping that recent diplomatic moves will ease sanctions banning North Korean coal purchases, three Chinese traders said. Official data show that China has not…
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Metallurgists in China hoping for higher demandSteel prices in China rose on Friday amid growing optimism about demand as metal inventories continued to fall, property purchases picked up and coke anticipated a cut in production in Jiangsu province. “The demand for Chinese steel continues to exceed expectations. Investments in real estate and…
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Donald Trump closes NASA's climate programThe White House has decided to close NASA's program to monitor carbon dioxide emissions into the atmosphere. NASA's Carbon Monitoring System (CMS) research program focused on finding and monitoring sources of carbon dioxide emissions into the atmosphere that are causing global warming. It cost $ 10…
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What is the EU ready to sacrifice for the sake of climate protection?Energy-intensive industries find themselves in a difficult environment in the European Union. The growing costs of climate policy, directly or indirectly, due to rising energy costs, significantly impair their competitiveness. Will the production of steel and rolled metal products survive or will…
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Global steel industry poised for robust growth in 2018Available data indicate a gradual downward trend in world prices for iron ore, coking coal and scrap metal from current levels. This sounds good for the steel industry, which is seeing a surge in demand. The WSA's short-term forecast predicts a 1.8% growth in global steel consumption in 2018…
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Export of pipes from South Korea to the USA will be stopped from JuneExports of pipeline products from South Korea to the United States are likely to be virtually stopped from next month, as the export quota set by the US Department of Commerce will apply from January 1 this year, rather than May 1. Based on customs data, South Korean steel pipe suppliers exported…
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Copper prices influenced by Trump's decisions and demand in ChinaOn Tuesday, copper on the LME lost 81 USD, or 1.2%, to USD 64,745 per tonne. The metal reacted with a drop in quotes to earlier speculation in the markets, which was provided by US President Donald Trump with a statement about the US withdrawal from the nuclear contract with Iran. The speculation…
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A new director has been appointed to Intertype VtormetValentin Makarenko became the director of the scrap processing enterprise Intertype Vtormet. Previously, for 2 years, Makarenko held the position of commercial director. The main goal of working in the new position is to provide INTERPIPE STEEL with scrap metal necessary for the full-fledged…
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