Metallurgy news
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Iron ore prices hit 10-week high in ChinaIron ore is once again making an explosive rally that has put it back in a bull market, with prices now trading near $ 66 /t. Qingdao's 62% iron ore added $ 1.86 a night to $ 65.91, the highest level since early May and 20% more than this year in mid-June. Today, however, prices are 16% lower as…
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What will be the wheat harvest in Russia and Ukraine?Russia and Ukraine began harvesting wheat after rains caused a significant delay, analysts and traders say. Traders are looking at whether the Black Sea region and European wheat will be able to offset the US supply decline that pushed wheat prices to a two-year high last week. The US Department of…
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Reasons for the fall in steel exports from ChinaTrade measures targeting China have already been implemented around the world and are hurting the country's ability to export steel abroad. But this is mainly caused by domestic politics, which is responsible for the drop in exports, since millions of tons of basic construction steel are closed by…
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Iron ore victory is temporarily overIron ore markets have gone down again, falling after three days of strong gains. The price of iron ore with 62% iron content fell 2.06% to $ 64.05 per tonne, and with 58% iron ore fell 1.15% to $ 44.69 per tonne, while Brazilian ore fell from 65% iron content reversed this trend with an increase of…
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India launches 12 investigations into Chinese steel importsIndia continues to strive to accelerate its efforts to protect the manufacturing sector, with 12 investigations into Chinese steel product imports launched this year. At the same time, the volume of bilateral trade between China and India continues to grow, according to the latest statistics from…
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Rusal predicts widening global aluminum deficit in 2018Oleg Mukhamedshin, director of strategy, business development and financial markets at RUSAL, told reporters on Wednesday that the global deficit in aluminum supplies is expected to increase from 1.3 million tonnes this year to 1.7-1.8 million tonnes in 2018 year. Rusal is the world's second…
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Australia to buy out coal mining license from China's ShenhuaUnder pressure from farmers and environmentalists opposed to mining on key agricultural land, a spokesman for the Australian state of New South Wales said Wednesday that it intends to buy out half of the coal exploration license from China Shenhua Energy Co Ltd. The government of Australia's most…
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Steel consumption and exports are growing in IndiaSteel consumption in India rose 4.6 percent to nearly 21 million tonnes in April-June (first quarter) of the current fiscal year, compared to the same period in 2016. While steel exports in the country increased by almost 66 percent in April-June, the ministry said in a report. The ministry's study…
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Tata Steel sells UK pipe mills to Liberty HouseTata Steel said on Tuesday that it has agreed to sell its pipe mills in the north of England to the British industrial group Liberty House for an undisclosed amount. The Hartlepool plant has a production capacity of over 250,000 tonnes of pipes per year. Tata Steel has been selling part of its UK…
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Dneprospetsstal: production results in June 2017In June 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 21 849 tons of steel, which is 2.2% less than the level of the previous month. During the same period, the Company produced 13,844 tons of rolled metal, which is 3.4% less than in May 2017. The total…
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