Metallurgy news
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Japanese steel output fell in October even amid rising demandSteel production in Japan fell 1 percent in October YTD to 8.97 million tonnes, reflecting technical disruptions at some plants, even as demand from the auto and construction sectors remained strong. In a seasonally independent environment, steel output as the world's second-largest producer after…
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Metinvest paid off $ 46.6 million in Eurobonds and $ 10.1 million in principalMetinvest, a mining and metallurgical group, paid out $ 56.7 million on new Eurobonds maturing until December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the message, this amount consists of $ 26 million 445,135 thousand of interest income for the period from…
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Coal wins the fight against climate changeCoal has emerged as the surprise winner of two weeks of international climate talks in Germany, when leaders of the host country and neighboring Poland have joined Donald Trump in support of the dirtiest fossil fuels. While more than 20 countries, led by Britain and Canada, have pledged to stop…
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Ukrmetallurgprom becomes an affiliated member of the World Steel AssociationAt the General Meeting of the World Steel Association, which took place on October 10, 2016 in Dubai (UAE), the Ukrmetallurgprom Association of Enterprises was elected an affiliate member of this organization. As a reminder, the World Steel Association was founded as the International Iron and…
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Chinese steelmakers get to their old tricksPresident Donald Trump may not have said much about China's steel exports during his recent tour. However, European and American lawmakers are investigating not only simple dumping facts, but also more complex and illegal actions, such as shipping through third parties, in order to hide the origin…
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Nothing will help Trump keep the coal industryAfter climbing the White House, Donald Trump received coal warmly. It removed regulations on its use and removed some federal subsidies for alternative energies such as solar and wind power, and electric cars. Some miners have even returned to industrial jobs as producers expect utilization to…
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Iron ore price drop forecast driven by China's economic reorientationMaintaining the forecast for iron ore prices at an average of $ 70 per tonne in 2017 and $ 50 tonne for 2018, while the projected price drop depends on China's economic reorientation in heavy industry. “This will reduce the demand for iron ore,” the firm said Wednesday, adding that, combined with a…
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Copper and Nickel Sink Back to Multi-Week LowsLondon nickel and copper futures bounced back to multi-week lows on Thursday, reflecting investor concern over recent data that showed China's economy cooled in October. “Weak economic data in China earlier this week sparked some concern over demand for stainless steel and nickel in the coming…
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ArcelorMittal employees trained in identifying fraudsters in the workplaceArcelorMittal Dubai (CIS), in cooperation with Deloitte Forensic India, provided training on fraud awareness, the press service of the Ukrainian division of the world's largest steel company said. As part of the Fraud Awareness Week, all ArcelorMittal businesses are hosting various activities to…
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Gold purchases from global central banks up 25% in Q3 2017The central bank of Russia added 63 tons to its gold holdings in the third quarter. Since the beginning of the year, the Central Bank of the Russian Federation has increased its reserves by 164 tons. The central banks of Russia, Turkey and Kazakhstan were the dominant buyers for a three-month…
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