Metallurgy news
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Tokyo Steel raises prices for the first time in 7 monthsTokyo Steel Manufacturing Co Ltd, a leading manufacturer in Japan, said it would raise steel product prices by 5.4 percent in September to reflect strong domestic and international demand as well as higher material costs. This was reported by the metallurgical portal STEELLAND . The company will…
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Slow growth in steel demand leads to lower capacity utilizationOne of the main reasons for the slow growth of the global steel industry during the recovery period is related to the excess volume of steel compared to the demand in the steel market. A multitude of factors are undermining the efforts to add new capacity by steel mills around the world. They…
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The United States sent to Ukraine the first shipment of coal at $ 113 per tonThe United States delivered the first consignment of coal to Ukraine under an agreement between the American company Xcoal Energy & Resources and Centerenergo, controlled by the Ukrainian authorities. This was announced on Facebook by the Ukrainian Embassy in the United States. Ambassador of…
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Gazprom interested in monitoring the US gas marketThe world's largest gas producer, Russia's Gazprom, will spend over half a million euros monitoring the US gas market. This should help the company to effectively compete with American gas, the supply of which is increasing to the European continent. On Monday, August 21, the port of Klaipeda in…
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Iron ore prices rise 47% in two monthsSteelmaking raw materials rose 4% to $ 78.10 a tonne, the highest since April 7, as Chinese steelmakers accelerate production ahead of sanctioned winter cuts, according to data provided by The Steel Index. Beijing wants to cut production by as much as 50% during the winter months to combat smog…
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New incentives for copper and aluminumThe growing demand for electric vehicles is increasing the demand for more than just lithium or cobalt over time. The transition from gasoline to electricity will require the development of new infrastructure, which is also rich in copper and aluminum. Copper has always had a demand associated with…
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Iranian steel mills increase supplies of billets to the domestic marketThe Iranian government has asked domestic steel mills to allocate more billets to the domestic market, where demand has increased significantly, reducing exports. Officials from major steel producers, the Iranian Commodity Exchange and Producers' Association attended a meeting hosted by Industry…
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Iron ore and coking coal prices are up 40% since JuneA spike in steel production in China is pushing up commodity prices at a time when Japanese demand is recovering amid a construction boom in the capital. Steel makers tend to transfer the higher material costs to the price of the product. Spot prices for Australian iron ore, the benchmark, climbed…
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Changes in Brazilian mining legislation could distort the global marketConcerns over new regulations in the mining industry stem from a package of three presidential decrees issued last month. Changes related to the renewal of the country's legal framework in the field of mining, suggest a tax increase of 80%, which will lead to high costs, higher research costs and…
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Gold rush in NicaraguaGold mining in Nicaragua, the largest country in Central America, is experiencing a dramatic increase thanks to the arrival of foreign companies with the money and knowledge to use the country's reserves. Gold mining has doubled in the country over the past 10 years According to a recent COPADES…
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