Metallurgy news
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Steel market overview in the USAWith ongoing talk of a Section 232 investigation in the US, steel market participants are uncertain about the direction of domestic pricing. US steel prices are expected to be lower in summer as market activity slows down during the holiday season. However, the possible introduction of additional…
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Outokumpu sells its pipe plant in the USAOutokumpu sells its pipe plant in Wildwood, Florida, USA to the leading US distributor of Taiwanese company Ta Chen International Inc. This was reported by the company MDM Group . The divestiture serves the company's financial and operational interests, allowing Outokumpu to focus on US stainless…
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China promises complete rejection of scrap metalChinese Prime Minister Li Keqiang has pledged to maintain a "relentless" drive to halt induction furnace-based steel mills, boosting the country's steel and iron ore markets. The most active iron ore contract on the Dalian Commodity Exchange rose 8% today, while the most active rebar contract rose…
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Wheat prices in Russia are stableRussian wheat export prices were stable last week after rising for 10 consecutive weeks as concerns about this year's crop quality and harvest eased. Russian wheat with 12.5% protein and delivery in August Black Sea was $ 196 per tonne free of charge (FOB) at the end of last week, unchanged from…
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Strong demand for steel in ChinaSteel prices in China continued to rise as the purchasing managers' index rose at the fastest pace since April 2016 in the last reporting month. China's steel industry is booming as the government seeks to combat overcapacity and rein in its more rebellious facilities. The elimination of induction…
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Russian Nornickel reduced nickel output by 8% in the second quarterRussia's Norilsk Nickel said on Monday that in the second quarter, consolidated nickel production fell 8 percent from the previous quarter to 49,000 tonnes. The volume of nickel produced from our own raw materials amounted to 48 thousand tons, which is 2 percent less than in the previous quarter…
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Four organizers and more than a dozen journalists attended the "protest rally" in KamenskoyeThe press service of the public joint-stock company "Dneprovsky Metallurgical Plant" reported on the unsuccessful attempt of the city activists of Kamensky to hold another protest rally. According to representatives of the DMK, the previous rally, held on June 19, gave its organizers the hope that…
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German business circles criticize US sanctionsThe East German Economy Commission is outraged by the US bill to sanction companies that do business with Russia. “Nord Stream 2 will improve the supply of gas to Europe and help us compensate for the losses in the supply of this raw material as a result of falling production in the EU, and thus…
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ArcelorMittal invests in FranceArcelorMittal is investing around € 100 million in its factories in France. This is another step to increase the number of high value-added products. The company will invest 67 million euros in a new steel line for the automotive industry in Florange. It is one of three factories located in the…
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China's steel sector has made great strides in the first half of the yearAccording to experts, thanks to deepening reforms in the country, China's steel industry achieved steady growth in the first half of 2017. This refers to the government's efforts to reduce production capacity and reduce demand for low-quality steel. Steel production in the first half of the year…
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