Metallurgy news
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Coal continues to be the leading energy generator41% of the world's electricity is currently powered by coal, and consumption is expected to remain the same over the next 30 years, and with rising prices and strong demand for coal in southern Africa, coal will not be ignored in the ever-growing competitive energy market ... There is strong demand…
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Trump approves toughest steel and aluminum tariffsPresident Donald Trump told trustees that he wants to impose the harshest tariffs on rolled steel and aluminum imports recommended by the Commerce Department. Trump said he wants to secure a tariff of 24 percent on steel imports, the heaviest of the three options presented to him in a report in…
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Increase in the price of rolled metal and steel-making raw materials in ChinaOn the Shanghai exchange, rebar futures rebounded from a five-week low on Friday as investors in Chinese commodity markets await a pickup triggered by the resumption of activity following the Lunar New Year celebrations. Rebar recoveries pushed iron ore and coke prices in the steel industry to…
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Results of the production of rolled metal products in Ukraine in January 2018In January 2018, Ukrainian metallurgical enterprises produced 1.67 million tons of rolled metal, which is 7% less than the same period in 2017. During this period, about 1.4 million tons were exported, or 83.6% of the total. Then, as in January 2017, the share of exports was 68.7%. The export…
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World steel price rises 16 percent in February over the previous yearThe upward trend in global steel prices continued in February, with North American and European steel companies driving much of the price increases thanks to improved market principles. From a MEPS survey, in February, many North American and European steel buyers report that increased…
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Copper prices fall after investors return from ChinaCopper is cheaper on the London stock exchange. Investors are waiting for signals regarding the demand for metals in China, where the two-day New Year break has ended. Copper in the LME in 3-month supply was priced after the opening of the session at $ 7166.00 per tonne after increasing by $ 4, but…
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Higher growth in steel consumption likely in 2018A 2017 study of the key performance indicators of the global steel industry indicates a definite trend in what is expected for the current year. While global steel production increased 5.3% in 2017 over the previous year, projected steel consumption rose to 1.622 million tonnes last year. Thus…
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The Gupta family's South African mine goes on strikeA coal mine in South Africa, politically linked to the Gupta family, will be suspended if managers fail to comply with social and labor plans. Workers protested Wednesday over uncertainty in operations. The Mineral Resources Department conducted an inspection on Feb.8, and Optimum Coal is to take…
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Timing of Trump's decision to import steel remains inaccurateFollowing a large-scale conference call on Friday regarding an investigation of Article 232 steel imports, US Commerce Secretary Wilber Ross did not dare to reveal when US President Donald Trump could decide what action to take on the three trade-recommended tariffs and quota options stemming from…
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Reducing port dues improves the situation on the export market of UkraineA decrease in port dues in Ukraine to the values of neighboring countries will increase the export of products of the mining and metallurgical complex. Only in the Mariupol Commercial Sea Port for vessels of the handsize class with a capacity of up to 21 thousand tons, the level of port dues…
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