Metallurgy news
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India strengthens its position in the global aluminum marketAluminum production in India is set to grow at an average annual growth rate (CAGR) of 3.5% over the next 2-3 years to meet growing domestic demand, according to a published report. India is one of the cheapest aluminum producers in the world due to the easy availability of raw materials and…
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Iron ore concentrate prices in China rise to four-month highChina's domestic iron ore concentrate prices rose another 2.2% last week, hitting their highest level since April 7, while domestic suppliers are looking forward to a strong market in September. Iron ore concentrate price increases, while reaching a four-month high, were very modest as domestic…
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US Ambassador to Ukraine: Ukraine is not ready to join NATOUkraine is not yet ready to join NATO, - said the US special envoy for Ukraine's Kurt Volcker in an interview. “I respect Ukraine, but I don’t think that it is ready to join NATO, or that NATO was ready to accept it in the current situation,” Volcker said. “Both the United States and the European…
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US weekly coal production hits 2017 highWeekly US coal production for the week ended Aug. 19 was 17.02 million tonnes, up 3.4% from the previous week and 12.3% from a year ago, according to data from the US Energy Information Administration. (EIA). It was the highest weekly estimate since the start of the year, and for the first time…
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Chinese scientists make breakthrough in ultra-high-strength steel technologyChinese scientists said they have developed a super steel that has high levels of strength and ductility. This breakthrough can have a wide variety of industrial applications. In addition, the cost of the new material is only one-fifth of the cost of steel used in modern aerospace and defense…
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Steel producer rating in July 2017According to the results for January-July 2017, global steel production amounted to 977.321 million tons, an increase of 4.6% compared to the same 7 months of 2016, when smelting amounted to 933.976 million tons, according to the World Steel Association. Top 12 best steel producers in July 2017, in…
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World steel production is growingWorld steel production from 67 countries reporting to the World Steel Association (Worldsteel) was 143.2 million tonnes in July 2017, up 6.3% from July 2016. Steel production in China in July 2017 amounted to 74.0 million tons, which is 10.3% more compared to July 2016. Japan produced 8.6 million…
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Auto concern Ford Motor Company will recall 37 thousand cars in ChinaThe automaker Ford plans to recall about 37 thousand vehicles from the Chinese car market due to a malfunction in the steering system. The Explorer range produced from November 2012 to June 2016 reportedly had a technical problem in the steering wheel. As it turned out, after prolonged taxiing at…
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Steel Companies Expected Exceptional Q3 ProfitsUOB expert Kay Hian Research predicts an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year. This is due to the continuing rise in steel prices during the month. “Assuming the costs of fundraising are reasonably controlled, some steel companies'…
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Poland wants to supply gas to UkrainePoland hopes to play more than its current role in securing gas supplies to Ukraine. However, for this to happen, investment is needed. Ukraine is trying to free itself from the dominance of Russian gas. Today, Ukraine has completely abandoned the purchase of raw materials from Russia, although…
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