Metallurgy news
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PJSC "ArcelorMittal Kryvyi Rih" reduced annual steel production and rolled products outputPig iron production at PJSC ArcelorMittal Kryvyi Rih in 2017 amounted to 5.6 million tons against 6.1 million tons in 2016, rolled stock - 5.1 million tons against 5.5 million tons of equivalent steel (taking into account casting and production commercial pig iron) - 6.35 million tons against 7…
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Gazprom significantly reduced gas supplies through UkraineThe transportation of Russian gas through Ukraine to European countries fell by 27 percent in January. Gazprom has reduced overall gas exports to Europe, cutting it primarily in the Ukrainian direction. In the period from January 1 to January 20, transit through Ukraine amounted to 4.3 billion…
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India's iron ore production drops after two years of growthIron ore production in the country is projected to decline by 15 percent in 2018 after steadily growing for two consecutive years due to the closure of seven working mines in Odisha, while production cuts in Goa will impact overall production. “During 2016-1917, the production of iron ore amounted…
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The British will help in the construction of Nord Stream 2The British company DeepOcean 1 UK Limited, which belongs to the tycoon in the underwater construction market - the Dutch DeepOcean Group, announced that it received a contract for a site in Nord Stream 2. It is not yet known how much the contract to excavate the bottom of the Baltic Sea basin is…
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Copper supply situation may worsenThe metal on the LME is worth $ 7,777.00 per tonne in three-month shipments, after a 0.1 percent increase. “The restrictions imposed in China - due to environmental concerns - cause temporary production pauses for copper in village mills and disputes in copper mines in Chile and Peru, as well as…
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Rio Tinto bets on MongoliaMining giant Rio Tinto is setting up a new office in Mongolia, independent of its massive Oyu Tolgoi copper and gold mine, which will focus on exploration. The opening of a new unit based in the capital Ulaanbaatar bears testimony to the credibility of Rio in a country that was recently in a…
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Brief US coal resurgence comes before TrumpNo industry gets as much love from President Donald Trump as the coal industry. Throughout his campaign and his presidency, Trump has pledged that he will revitalize the coal industry by stopping what he called President Barack Obama's brutal and cerebral "war on coal". First of all, growing coal…
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Prospects for Russian metallurgy in 2018Russian steelmakers boosted production in 2017 amid rising prices and demand following a two-year slump in the sector, although some analysts warn that the danger of a decline in the sector may be lurking around the corner. A stronger Russian ruble, underpinned by a stronger oil price, could also…
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Iron ore markers fall amid falling consumption of rolled metalIron ore futures in China were higher on Friday, but they saw their first weekly decline nearly threefold as slower demand halted the rise in prices for heavy plate, rebar and other rolled metal products after rising nearly 50 percent last year. ... Winter in China usually slows down activity in…
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Russia takes the wheat crownRussia's emergence as the world's leading exporter of wheat is reminiscent of the former Soviet dominance in production - albeit in vastly different conditions. Improvements in grain quality and efficiency are two important differences between the current and the Cold War era. The countries of the…
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