Metallurgy news

• Coking coal is close to $ 300 per ton One of the biggest disruptions to Australia's coking coal exports in the past six years has caused record price increases. Coking coal prices closed the week 86% higher, rising only on Friday by 34% to $ 283.10 a tonne after damage from a cyclone that hit Australia's northeast coast in late... 08.04.2017  14:30

• Coal production in Ukraine fell in March Ukraine's coal production fell 12.6% year-on-year to 2.98 million tonnes in March 2017 from 3.41 million tonnes produced in March 2016, the Ministry of Energy and Coal Industry said, citing preliminary data. Coal output also decreased by 19.7% compared to February, when 3.71 tons of coal were... 07.04.2017  12:31

• EU sets anti-dumping duties on hot rolled steel from China The European Commission decided on Thursday that it will impose anti-dumping duties on imports of Chinese-made hot rolled steel products. The Commission had previously investigated the case and found that these products were being sold in Europe at bargain prices. The duties range from 18.1 to... 07.04.2017  11:58

• Asian coal prices skyrocket 32% overnight Coal prices in the Asia-Pacific region have skyrocketed as mills faced supply shortages amid news that BHP Billiton, the world's largest coal mining firm, has declared force majeure due to logistical problems caused by Cyclone Debbie. The source pointed out in the BHP statement about the force... 07.04.2017  11:45

• Russia has reduced the transportation of liquefied gas to Ukraine Russian customs officials stop rail and road transportation of liquefied natural gas destined for Ukraine. The Russian authorities explain that the suspension of the transportation of liquefied gas is dictated by security concerns, because Russian fuel is used in Ukraine for military... 06.04.2017  10:19

• Indian Metallurgists Reach Record Sales Indian steelmakers are optimistic about demand growth since mid-April after record sales during the 2016-17 fiscal year. The state-owned Steel Authority of India (SAIL) posted its best sales figures for the current fiscal year, growing up to eight percent. The company sold 13.143 million tonnes... 06.04.2017  10:16

• Outokumpu expands production in North Carolina Finnish company Outokumpu has expanded the production capacity of its stainless steel reinforcing bar mill in Richburg, South Carolina. The new lines will enable Outokumpu to better serve its end users in key segments including the automotive, aerospace, oil and gas, construction and chemical... 06.04.2017  10:01

• A revolution in the Russian gas market? The world's largest natural gas producer, Gazprom, has presented proposals for actions that would enable the company to increase domestic revenue and meet growing export demand. One of the proposed solutions is to increase gas prices for the population, as well as reduce prices for raw materials... 05.04.2017  11:12

• Coal price will rise amid disrupted exports from Australia After the damage caused to the world's largest coal exporter by Tropical Cyclone Debbie, the price of raw materials rose at the fastest pace in four years. Coking coal, a vital ingredient in steel production along with iron ore, rose 0.6 percent to $ 176.80 a tonne on Tuesday, after jumping 15... 05.04.2017  10:49

• Chinese steel exports fell Steel exports from China have generally been on the decline since June last year, according to Custeel. The main factor is the impact of good steel prices on the Chinese domestic market, although the anti-dumping duties imposed by the European Union, the United States and Canada have also had some... 05.04.2017  10:22