Metallurgy news

• China announces further cuts in steel and coal production Xu Shaoshi, chairman of the National Development and Reform Committee, said China will continue its program to cut steel and coal production. However, this does not apply to the reduction in aluminum production. He clarified that in 2016 his country reduced steel production by 45 million tons and... 10.01.2017  14:19

• What can we expect in the stainless steel market in 2017? The positive trends observed since the second half of 2016 are well manifested this year as well. The stainless steel market situation in 2017 will improve. The price of stainless steel products has clearly increased over the past few weeks, in line with the worldwide trend. There are several... 10.01.2017  14:07

• Gold goes up and waits for Trump The first week of the new year was a period of growth for gold. Investors are wondering what Donald Trump's presidency will bring. Ole Hansen, Head of Commodity Strategies at Saxo Bank, explains: "At the beginning of the year, we are seeing buying pick up again and there are several factors that... 10.01.2017  11:51

• Best Metals and Commodities of 2016 Iron ore and zinc were the top performing commodities of the past year. Iron ore ended the year with 81% growth, the first calendar win in four years. At the same time, zinc jumped 65.7% YoY as major zinc mines were closed and supplies and supplies of this raw material declined. Here's how base... 09.01.2017  11:19

• North Korea celebrated its leader's birthday without launching rockets North Korea celebrated its leader Kim Jong-un's birthday on January 8 without new missile tests. He allegedly turned 35 on Sunday. Although, "without a missile test, there is no certainty about his actual birthday," various news agencies ironically note. At a briefing on Friday, South Korean... 09.01.2017  10:43

• Deutsche Bank on the rise of Ferrexpo PLC shares In its latest report, Deutsche Bank raised its target price for Ferrexpo PLC (LON: FXPO) from 185.00GBX to 205.00GBX with a potential 0.82% upside. Ferrexpo Plc operates in mines and a processing plant near Kremenchug in Ukraine. The Company's activities are vertically integrated: from iron ore... 08.01.2017  14:19

• Trump wants to have good relations with Russia despite hacker attacks According to American intelligence, Vladimir Putin wanted to help Donald Trump win the election while discrediting Hillary Clinton. However, Trump still doesn't believe it. Washington /New York - US President-elect Donald Trump has reiterated that he wants to maintain good relations with Russia,... 08.01.2017  12:28

• Russia supplies record amount of gas to Europe Due to cold winter weather and a decrease in its own gas production in Europe, Russian energy giant Gazprom is once again supplied to Europe with a record daily amount of 615.5 million cubic meters of gas. The supply growth continues almost daily. Thus, the third record year for Russian gas... 08.01.2017  12:07

• US Steel plans to reopen shutdown plant US Steel announced this week that it plans to reopen its shutdown plant in Keewatin, and previously laid off employees will be given jobs back. These plans stem from the fact that American steel production was a common theme at Donald Trump's rallies during the presidential campaign. US Steel... 07.01.2017  13:19

• New oil field discovered in Belarus In December last year, Belorusneft discovered an oil field in the country with forecasted reserves of 1.69 million tons of hydrocarbons. Exact reserves will be established after the second exploration well is surveyed. This was announced by a Belarusian company. Earlier Belorusneft announced... 07.01.2017  13:00