Metallurgy news
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EU steel production drives growth in SeptemberThe production of unrefined steel EU-28 in September this year amounted to 13.785 million tons. Monthly steel production in the EU-28 recorded marginal growth in September this year. At the annual level, the volume of regional production increased by 2.7%. In addition, the cumulative production…
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China provides good conditions for global metallurgyChina's pursuit of better air quality is bliss for global steelmakers. Japan's largest manufacturer Nippon Steel & Sumitomo Metal Corp. increases profit ninefold in the first half as China's anti-pollution and bloated steel industry pushed prices up to their highest levels in five years. The…
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Vale to add 10 million tonnes to iron ore capacityVale plans to restart three pelleting plants in Brazil that have been idle for several years: the Sao Luiz plant with a capacity of 7 million tons per annum in mid-2018 and two smaller plants, Tubarao I and II, possibly as early as 2018. “The pellet market is very strong,” said Vale CEO Peter…
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Europe has increased profitability in the steel sectorEuropean steelmakers are enjoying the strongest market conditions in eight years amid Chinese reform and increased EU trade protection measures that once again improve the supply-demand balance, delivering robust profits that can last for the foreseeable future. Ratings agency Moody's believes that…
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A coal-free futureCoal use should be “largely” reduced by mid-century so that the planet can avoid sea level rise of more than a meter by 2100, as Antarctic ice is melting faster than expected, new simulations led by the Australian team showed. Sea level rise by the end of the century is projected to exceed 1.3…
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Global Nickel Market Targets Third Year of DeficitGlobal nickel demand is expected to outpace shipments for the third consecutive year in 2018 as stainless steel demand expands and nickel-containing battery production grows, the International Nickel Research Group (INSG) said. Global demand for nickel has increased to 2.259 million tonnes from…
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POSCO raises its 2017 sales forecastSouth Korean steel company POSCO posted a 9 percent increase in operating profit in the third quarter as a robust rebound in steel prices boosted profits from overseas operations, including China. The steelmaker expects further growth in steel demand driven by restructuring at its largest producer…
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The aluminum market will go into a deficit already in 2017In its latest report, BMI Research raised its 2018 aluminum price forecast to $ 2,000 per tonne from the previous forecast of $ 1,900 per tonne. Growth in demand, especially from China, will lead to deeper than previously predicted market deficits. The trend, according to the company, will only…
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How India is catching up with Japan in steel productionSteel production in India is close to that of Japan, the world's second largest steel producer. Japan, along with the faster growing South Korea, remains a key market for high volume coal metallurgical contracts. While India may catch up with Japan in steel production, India is still trying to…
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Ukraine plans to increase imports of coal from the United States amid a shortageUkraine is looking to boost US coal imports as the country's winter coal reserves fell to their lowest level in three years. DTEK, Ukraine's largest private energy producer, said it intends to import 150,000 tonnes of US thermal coal after previously state-owned power plants focused on importing…
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