Metallurgy news
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China pushes global steel production in OctoberAccording to a report by the World Steel Association (WSA), global steel production rose in October amid strong production growth in China, the world's largest steel producer. Higher production volumes also supported smelting growth in India, the United States and Europe. Steel production in 66…
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The world's largest copper producer Codelco cuts productionChilean state-owned copper company Codelco said it produced slightly less copper from January to September 2017 than in the same period a year ago, but profits recovered year-on-year as metal prices improved. According to ratings agency Moody's, based on the company's annual release through June…
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Mitsubishi admits to tampering with the quality of its brass and copper componentsMitsubishi Materials has admitted that it has been falsifying data on several products for over a year, including components used in cars and airplanes, a logical continuation of the industrial scandal initiated by the country's third largest steel company, Kobe Steel. A month ago, Kobe Steel…
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Oil prices are risingOil prices rallied on Wednesday after reports of a drop in US oil inventories and expectations of OPEC production cuts aimed at tightening the market to be expanded after next March. Brent crude futures, the international benchmark for oil prices, were $ 63.07 a barrel, up 50 cents, or 0.8 percent…
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Global platinum market faces deeper deficits in 2018The WPIC predicts a 1% drop in global platinum supply throughout 2017. Reduced production in South Africa, Zimbabwe, Russia and North America will result in a 2% decline in total production. Global platinum demand is expected to decline sharply by 6% in 2017 to 7,845 Koz. The report predicts a…
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NUST MISIS creates a unique furnace for industrial waste recyclingMore than 95% of the world's pig iron is still produced in blast furnaces. Modern blast furnaces are powerful plants that produce tons of pig iron every day, but they require high quality finished raw materials such as sinters, steel pellets and iron. Hundreds of millions of tons of waste in the…
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Steel prices expected to rise in ChinaChinese market participants expect steel prices to rise over the next month, due to a reduction in production in the main production segments. At the same time, the CSSI forecast, which measures the volume of new orders at the domestic and export levels, remained virtually unchanged, down 1.68…
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Release of Ukrainian iron ore concentrate in OctoberUkrainian iron ore concentrate production increased in October for a month and a year, but lower domestic consumption reduced the output of agglomerates and iron ore pellets. Last month, Ukraine produced 5.15 million tonnes of iron ore concentrate, increasing output by 8% compared to September and…
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Copper is still valuableCopper prices are rising again on the London Metal Exchange. Metal on the LME in 3-month deliveries will cost US $ 6,833.00 per tonne, after an increase of US $ 5. In 2017, copper may record the highest growth since 2010. The metal on the LME has already gained more than 20 percent since the…
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Steel prices rise in ChinaIron ore futures in China were up more than 1 percent as steel prices recovered from a three-day slide. But China's plentiful supplies of steelmaking raw materials, which are at their highest level since August, have kept the iron ore price surging. The most traded iron ore contract for January…
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