Metallurgy news
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Severe weather conditions in China will slow down demand for steelUnfavorable weather conditions and a severe storm in southern China are dampening demand for steel for construction purposes. Since construction work in the region has been suspended, the price of steel products may decline in the short term. Price gap holds for rebar and hot rolled steel coils. In…
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EU launches anti-dumping investigation on low-carbon ferrochrome imports from three countriesThe European Commission has announced an anti-dumping investigation into low-carbon ferrochrome imports from China, Russia and Turkey. The complaint came from the Association of European Ferroalloy Producers on behalf of the sole EU producer with low ferrochrome Elektrowerk Weisweil GmbH…
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Russian exports of ferroalloys fell in annual termsAccording to Russian customs statistics, exports of ferroalloys totaled 57,365 tonnes in April 2017, down 17.5% from 69,504 tonnes in the previous month. In January-April 2017, Russia exported 238.505 tons of ferroalloys, which is 20.5% lower compared to the same period last year.
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Production of iron ore raw materials increased in Ukraine in MayThe GOKs and mines of Ukraine in May 2017 produced 6.076 million tons of iron ore, which is 1.6% or 97.5 thousand tons more than in April. Average daily production of unprepared iron ore amounted to 133.9 thousand tons, which is less than 22.0 thousand tons in April, and for prepared raw materials…
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Factors of rising prices for zinc and copperDOLLAR: Industrial metals are supported by a weaker US currency, making dollar-denominated commodities cheaper for non-US firms, potentially boosting demand. ZINC: Zinc rose 1.9 percent to $ 2,689 per tonne. It previously touched $ 2,703.5, the highest since April 7, as the market focuses on…
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Aluminum hovers near 6-week lowAluminum prices have slipped to nearly a weekly low in recent days as the market is at risk of overproduction amid rising supplies and exports from the world's largest producer, China, as well as lower production costs and higher inventories. Aluminum exports from China have increased in recent…
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Technologies 4.0 for Ukrainian industry were discussed in DniproOn June 22-23, Interpipe NTRP hosts a conference "Technologies 4.0 in Industry". Its organizers are the Association of Industrial Automation Enterprises of Ukraine (APPAU) and the Ukrainian industrial company INTERPIPE. The participants of the event are about 80 representatives of industrial…
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Will China finance Nord Stream 2?Preliminary consultations were held with Chinese banks on financing Nord Stream 2 in case Gazprom's European partners cannot continue financing the project due to the sanctions proposed by the United States. The construction of Nord Stream 2 is estimated at 9.5 billion euros. Initially, it was…
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DRI production summaryWorld production of direct iron (DRI) in May this year decreased slightly by 0.4% compared to the previous month. Iran ranks first in the world for the production of DRI. World DRI production during May 2017 was 5.333 million tonnes, down from 5.155 million tonnes in April this year. According to…
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Major steel producers in May 2017According to the latest statistics published by the World Steel Association, in May this year, global steel production in 67 countries amounted to 143.325 million tons. The monthly issue was up 2.0% from the same month output a year earlier. These 67 countries accounted for approximately 99% of…
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