Metallurgy news
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Poland: Nord Stream 2 pipeline project will be a good test for the EUDeputy Finance Minister Matusz Morawiecki said at the Warsaw Security Forum on Wednesday: "We believe that the Nord Stream 2 gas pipeline will be geopolitical and could lead to aggravation of conflicts in the EU." Morawiecki stressed that "we want peace, but at the same time we want politics and…
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Copper prices reacted to lower imports in ChinaCopper prices fell on the London Metal Exchange following data indicating that imports of red metal to China have become weaker. Copper on the LME in 3-month shipments now costs $ 6,825.50 a tonne, up from $ 6,833.50 previously, dealers said. China imported 330 thousand tons of unprocessed copper…
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EU achieves impressive results in climate improvementBetween 1990 and 2016, the EU cut greenhouse gas emissions by 23 percent, while at the same time its economy expanded by 53 percent, according to a report released by the European Commission in conjunction with the Bonn Climate Conference. The EU is one of the largest economies with the lowest per…
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Dalian iron ore hits 2-week highIron ore futures in China climbed to their strongest level in nearly two weeks on Monday, tracking higher steel prices. Expectations that demand for steel raw materials will pick up after China's steel production is curtailed in the winter have also bolstered prices. Hebei Province has cut 25.55…
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Copper gains value againCopper prices on the London Metal Exchange rose 0.2 percent. Metal on the LME for 3-month shipments is worth $ 6,981.50 per tonne. As early as Monday, LME copper gained $ 75, or 1.1 percent. - up to 6,970.00 US dollars per ton. Copper rallied strongly last week when it was reported that Kyrgyzstan…
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Coal production decreased in PolandCoal production in Poland in September fell 9% year-on-year to 5.63 million tonnes, while sales fell 36% to 5.4 million tonnes. However, output was up 5.6% month-over-month and sales were up 0.2% month-over-month. Production from Polish mines in September was the highest since March, when…
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Russia flooded the market with grainsRussian grain flows around the world in a flow the world has not seen since the tsarist empire a century ago, but the country's export expansion seems to have hit the wall due to a lack of infrastructure. While Russia has increased its grain export capacity ninefold over the past 15 years, even…
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Coal shortage hurts India's aluminum productionThe aluminum workshops of Vedanta and Hindalco are at risk of becoming unviable due to coal shortages. Coal supplies to power plants owned by two aluminum producers are low. Coal from the auctions is not delivered. With capacity contributing 40-45 percent to the cost of smelting aluminum, the…
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Steel production on the rise in TurkeySteel production in Turkey increased 13.5 percent in the first nine months of 2017, reaching 27.7 million tonnes, the Turkish Steel Manufacturers Association (TCUD) reported. Turkey has maintained its position as the eighth largest steel producer in the world, accounting for more than 2.1 percent…
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Hebei surpasses targets to reduce polluting steel and coal production capacityChina's largest steel region in Hebei province this year surpassed plans to cut its steel, coal and coke industries as part of efforts to reduce air pollution and overproduction, the government's press office said. Hebei, which is located near Beijing, has cut 25.55 million tons of steel capacity…
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