Metallurgy news
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World steel production in August 2017World steel production for 67 countries representing the World Steel Association (worldsteel) was 143.6 million tonnes in August 2017, up 6.3% from August 2016. Steel production in China in August 2017 amounted to 74.6 million tons, which is 8.7% more compared to August 2016. Japan produced 8.7…
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Bad news for copper pricesCopper futures trading on New York's Comex market declined Thursday after signs emerged that the upper consumer market, China, would be fully stocked with concentrate in the fourth quarter. Copper for December delivery fell 1% to 2.92 pounds ($ 6,437 a tonne) in early afternoon trading. Earlier…
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Iron ore price limitsThe decline in iron ore prices over the past two weeks turned into a debacle on Thursday, as fears of a new proposal emerged, coupled with fears that Chinese steel production could peak. The North China Steel Index's benchmark 62% Fe ore fell 7.4% to $ 63 /t on Thursday, which is still at an…
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There is a growing shortage of graphite electrodes in metallurgyEurofer raised an issue that was already discussed in August - European steel mills are increasingly faced with restrictions on the supply of graphite electrodes, which are necessary for the production of primary and secondary steel, from which sheet metal and other products are ultimately…
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Illegal gold mining in South AfricaDue to socio-economic problems such as rising unemployment and poverty rates in South Africa, there has been an increase in illegal gold mining. The underground miners known as "zama-zamas" are called "those who try to get something out of nothing." The work of deputies is dangerous because of the…
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Iron ore price drops to $ 70Iron ore import prices fell after Australia's leading supplier raised concerns about the strength of demand from the country, which consumes more than two-thirds of the seaborne trade in iron ore. The Reserve Bank of Australia entered the discussion on iron ore price direction on Tuesday with the…
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4,000 jobs to be cut in Europe as a result of the merger of Tata Steel and ThyssenkruppEven as the two major players Tata Steel and Thyssenkrupp seek synergies, which are likely to emerge after they merge to form the second largest European steelmaker under the merger agreement, 4,000 jobs in Europe will be cut. According to the Memorandum signed by the companies, the new…
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Naftogaz sues RussiaThe state oil company Naftogaz of Ukraine has filed a lawsuit against the Russian Federation to compensate for the assets left over to Crimea, the company said in a statement. At the same time, the press service of Naftogaz reported that independent foreign members of the supervisory board of the…
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China's steel and iron ore market is positiveChina's steel and iron ore futures have stabilized after a three-day decline, supported by expectations that steel prices will remain strong amid the country's planned production cuts during the winter to combat smog. Large industrial zones in China, including the leading industry in Hebei, were…
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MEPs emphasize the need to provide Avdiivka coke oven with waterThe Avdiivka Coke Plant (AKHZ) of Metinvest Group was visited by deputies of the European Parliament and the Verkhovna Rada of Ukraine - members of the Parliamentary Committee of the Association between Ukraine and the EU. The delegation positively assessed the work of the enterprise in accordance…
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