Metallurgy news
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Steelworkers want to increase investment as prices riseGlobal steel prices are rising, which should reassure lending institutions that borrowers are on track for repayment and help producers attract more resources for investment. Worldwide HRC prices rose from $ 470 per tonne in April 2017 to $ 580 per tonne in August 2017. The driving force behind…
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Dneprospetsstal: production results in August 2017In August 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmina ”delivered 23,251 tons of steel, which is 10.0% more than the level of the previous month. During the same period, the Company produced 14,376 tons of rolled metal, which is 3.7% more than in July 2017. The…
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Russia remains dependent on the Ukrainian gas transmission systemGas transmission from Russia to Europe using the Ukrainian gas transmission system increased by 20 percent. Moreover, this year promises to be the best for Kiev for more than five years. Last week, the Russian gas giant transported 315 million cubic meters of gas daily through Ukraine. Ukrainian…
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Primary aluminum production in the US remains lowDespite slow price increases, primary aluminum production in the United States has fallen by more than 50% since January 2015. The United States consistently produced about 140,000 tons of aluminum each month until mid-2015, when production slowed significantly. Since April 2016, primary aluminum…
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Copper in London goes down close to $ 6700 per tonCopper prices on the London Metal Exchange are falling, remaining slightly above $ 6700 per tonne. Metal on the LME for 3-month delivery trades at $ 6,707.00 per tonne, after falling 0.6 percent. Most industrial metals have lost their value. Changes in the Chinese leadership could be a turning…
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Poland sells weapons to UkraineOptoelectronic equipment, armored vehicles are just some examples of military equipment that the Polish Arms Group (PGZ) can offer Ukraine. What can Ukrainian companies offer Poland in cooperation? During the XXV International Exhibition of the Defense Industry, PGZ signed a cooperation agreement…
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Taiwan records 30% growth in steel production in the first half of the yearThe value of Taiwan's steel products in the first half increased by about 30 percent over the same period in 2016 as prices were higher. The ministry said the steel industry's 2017 output is expected to hit $ 1 trillion ($ 33.33 billion) for the first time in three years, feeling a surge in higher…
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Ukraine may lose the wheat market in EgyptThis spring, Egypt, the world's largest wheat buyer, introduced new requirements for imported wheat, increasing the protein content to 12.5% from 11.5% for wheat purchased from Ukraine and Russia. Ukraine could lose Egypt's second-largest wheat export market due to new wheat import requirements…
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Hurricane Irma: Storm hits Florida West CoastHurricane Irma sweeps along the west coast of Florida and now descends into the city of Tampa. Irma has now landed on Marco Island from the west coast of Florida with winds of up to 120 mph (192 km /h), but has since been downgraded from category three to two. More than 3.4 million homes in the…
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European aluminum billets rose in dollar termsAluminum billet prices rise in Europe on stronger euro and strong year-over-year demand “Recently, the strong exchange rate of the euro against the US dollar is one of the reasons why some of the billets are being sold at a premium of $ 400 per tonne,” explained one of the traders. In addition…
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