Metallurgy news
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Seven people die after coal mine collapse in TurkeySeven miners have died and one remains under the rubble after part of a coal mine in Turkey's southeastern Sirnak province, bordering Iraq and Syria, collapsed on Tuesday. Eight miners were initially under the rubble, but rescue teams were able to bring seven of them to the surface. However, they…
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Rio Tinto Declares Force Majeure Following Fatal Accident In USARio Tinto, the second largest mining company, announced force majeure last Friday over the supply of refined copper from its Kennecott division in the United States following the death of a worker earlier last week. Rio Tinto Kennecott accounts for nearly 20% of total U.S. copper production and its…
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Iron ore price rises againThe price of iron ore has taken another leap upward despite a new report from the World Steel Association that predicts a slowdown in global demand in 2018. The estimated price of ore from 62% Fe increased by 4% to $ 62.40 per ton for North China. Iron ore averaged $ 72 per ton this year, up from $…
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After a year of growth in coal production in the United States, a decline is notedDespite all the talk of a return of coal under President Donald Trump, actual growth in U.S. production began months before the November elections and continued to rise until recently, but recent weeks have not been as good. Last year, China embarked on a production-cut approach of its own, sending…
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Russian NLMK increased steel output by 8% in the third quarterRussia's largest steelmaker NLMK said on Monday that its output in the third quarter rose 8% year-on-year to 4.4 million tonnes. The steelmaker, controlled by Russian billionaire Vladimir Lisin, also said its sales in the third quarter rose 1% on an annualized basis and in the third quarter to more…
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German court: Opal is available to GazpromA court in Düsseldorf confirmed its July decision to lift the ban on the auction for the additional capacity of the Opal gas pipeline. According to the operator, this court decision is final. This means that gas from Nord Stream will be able to flow to the south of Europe more than before. The…
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In October, Ukraine plans to produce 2 million tons of steelIt is expected that in October the volume of steel production in Ukraine will be about 2 million tons, remaining at the same level as in September. Steel production in Ukraine for the first nine months of 2017 decreased by 13.5% to 15.8 million tons at an annual level. Steel production in 2016…
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China imports over 100 million tons of iron oreIron ore imports to China rose to a record high in September. In addition, the country's drive to clean up the environment has fueled demand for higher quality materials from overseas, exacerbating the plight of local mines. Prices have increased. According to customs officials, purchases of iron…
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Copper prices remain highCopper prices on the London Metal Exchange are stable and maintain their highest level in 5 weeks. There are concerns about a possible shortage of metal. Copper on the LME with 3 months shipping costs $ 6803.00 per ton, brokers say. On the Shanghai Metal Exchange, copper rose 1% on the last day of…
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China began to carry out winter steel production cuts a month earlierIn China's largest steel city, Tangshan, factories were ordered to cut production a month earlier than expected to meet tough air quality targets in 2017, according to a notice issued by the municipal government. The central government announced in August that 28 cities in and around Hebei will be…
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