Metallurgy news
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Nord Stream 2 has almost guaranteed fundingAccording to Alexei Miller, General Director of Gazprom, the Nord Stream 2 gas pipeline has already provided 70% of the financing, which is in line with the schedule. However, the head of the Russian giant did not say how much the construction of the gas pipeline would cost. According to experts…
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The iron ore market directly depends on the environmental policy of ChinaIn contrast to the volatility experienced by many commodities, iron ore prices have declined over the past seven months and are hovering in a narrow range. A shift in China's winter pollution reduction strategy could wake up iron ore prices, but it is far from clear how much they could change. Last…
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SSAB Europe improves efficiency in pipe productionSwedish steel company SSAB is investing SEK 300 million (US $ 33 million) to improve pipe production efficiency. The two-year project will focus on centralizing the company's pipe business to ensure long-term competitiveness by increasing sales of high quality products that are more profitable than…
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Global stainless steel trade linked to quotasThe imposition by the United States government of quotas and tariffs based on national security concerns has reduced the flow of imported stainless steel into the country. As alloy surcharges rose, U.S. mills also raised their baseline for 304 cold rolled coil by $ 200 per tonne, or 16 percent…
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Turkey significantly increases steel exports since the beginning of the yearTurkish steel exports rose 12.5% year on year to 11.4 million tonnes in the first nine months of the year, the trade association said. The Association of Turkish Steel Exporters (CIB) reported that the country earned $ 11 billion in January-September, up 34 percent from the same period last year…
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Production results of the metallurgical sector of UkraineIn September 2018, metallurgical enterprises of Ukraine smelted 1.66 million tons of pig iron, which is 3.7% lower than in August 2018; steel production reached 1.79 million tons, remaining at the level of August; rolled metal production amounted to 1.57 million tons, an increase of 3% compared to…
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Bear killed a mining company worker in AlaskaTimberline drilling officer Anthony David Montoya was killed yesterday in a bear attack on Admiralty Island, about 18 miles south of Juneau. Montoya's Hecla Greens Creek Mine produces silver, zinc, lead and gold. The mine is 100% owned and operated by Hecla Mining. The company said the incident…
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Ukraine produced 2.8 million tons of coal in SeptemberIn September 2018, Ukraine produced almost 2.8 million tons of coal, which is 1.5% less than planned. This is evidenced by the data of the Ministry of Energy and Coal Industry. “In September 2018, 2 781 626 tons of coal were produced at coal mining enterprises of Ukraine of all forms of ownership…
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EU lags behind global growth in steel productionThe EU-28 countries lagged behind the global growth in steel production during August 2018. While global production recorded 2.6% year-on-year growth, European production rose only 1.4%. However, Germany, Spain and Italy recorded significantly more growth, being the top three steel-producing…
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The demand for metal cutting equipment for high quality steels is growingHigh quality steels are increasingly being used in industry. Technological processes of metalworking of these steels are associated with the use of efficient metal-cutting equipment: milling, turning, horizontal boring machines, IR500 machining centers, IS800 (IS 800) and others. This equipment…
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