Metallurgy news

• EVRAZ NCSP handled 7.7 million tons of cargo from January to October The stevedoring company said that EVRAZ Nakhodka Commercial Sea Port handled 7.7 million tonnes of cargo between January and October, an increase of 25 percent over the same period in 2013. At the same time, export supplies of coal processed at the terminal increased 1.5 times to 4.5 million... 13.11.2014  11:44

• A significant jump in copper prices is only possible in 2019 - CRU A recent study published by CRU Group predicts a further decline in the price of copper over the next 18 to 24 months. Prices are likely to recover only in 2019, when appetites outweigh the supply of the metal. According to the report, the decline in copper prices has not yet bottomed out. In... 13.11.2014  10:51

• Metallurgists expect growth in prices for steel and metal products - expert Analysts, as well as some auto industry executives, said there is a possibility of an increase in car prices. And this, in turn, makes it possible to assume that the raw materials used in production may increase in price, although representatives of the automotive industry do not want to reveal... 13.11.2014  09:43

• Citigroup cuts iron ore price forecast to $ 65 per ton in 2015 Citigroup downgraded its forecasts for sea-delivered iron ore prices for 2015-2016 to $ 65 per tonne (62% -FE), CFR China. The outlook has been adjusted to reflect the slowdown in Chinese demand and the depreciation of various currencies against the dollar. Previous estimates for 2015 - 2016 were $... 12.11.2014  11:26

• China's steel imports are hitting the steel industry worldwide During the first ten months of 2014, China's steel exports rose 42 percent to 73.9 million tonnes. At the same time, China's steel imports also rose, but unfortunately only grew by 5 percent, reaching just over 12 million tonnes, significantly lower than the pace of Chinese steel exports. And China... 12.11.2014  10:48

• The USA reduced the export of scrap metal Exports of scrap metal from the US fell sharply during September this year, according to the latest data released by the US International Trade Commission. Exports have reached their lowest level since January this year. According to this data, exports of scrap metal during the month amounted to... 12.11.2014  10:14

• Chelyabinsk Ferroalloy Plant challenges EU sanctions in court The Chelyabinsk Electrometallurgical Plant (CHEMK), the largest producer of ferroalloys in Russia, has filed a lawsuit with the European Court of Justice over the sanctions imposed on it earlier. CHEMK and Kuznetsk Ferroalloys have filed a lawsuit against the European Commission in order to... 11.11.2014  15:15

• China's Steel Exports Set New Record According to the latest data from customs statistics, steel exports from the country reached a new record level in October 2014. Based on the current results, the total volume of steel exports from China for the whole 2014 is likely to exceed 90 million tons. Steel product shipments will remain... 11.11.2014  12:29

• Tata Steel is working on a solar power project in Scunthorpe Tata Steel has decided to build a £ 25 million solar park that will provide green energy for all of Tata Steel's operations in Scunthorpe, UK. The solar power plant is currently under development. Solar project company Kinectic Solar has been allocated 190 acres of land adjacent to Raventhrope ... 11.11.2014  12:04

• China and Russia signed a new gas agreement Russia and China signed a framework agreement that provides for additional supplies of 30 billion cubic meters of gas per year to China via the western Altai route. The latest agreement between Gazprom and the China National Petroleum Corporation (CNPC) was signed after a meeting between Chinese... 10.11.2014  10:51