Metallurgy news
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Copper prices rise after new lossesCopper on the London Metal Exchange rose 0.5% after a sharp drop in quotes in previous sessions. The metal on the LME with a 3-month supply is $ 6,918.00 per tonne. Chinese customs announced on February 8 that imports of raw copper and copper products in January 2018 increased by 16.1 percent MoM…
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What threatens the metallurgy of the European UnionIt would seem that steel production is still an important element of the European Union's economy. Metallurgy ranks first among the protected industries. From what? Unfortunately, it must be admitted that the EU attacks the industry much better than it defends it. The European Union creates…
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Metallurgical raw materials rose sharply in priceCommodity steel coke rose to a six-week high in China on Tuesday, and steel and iron ore prices rose to their strongest in a week as investors challenged the global market and raised their rates amid supply disruptions. Steel-related commodities were among the few to have escaped the global market…
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The new bill should eliminate corruption in the Ukrainian scrap marketThe draft law "On shading the market for metallurgical raw materials" should not only eliminate corruption at different levels in the industry, but also ensure industrial growth in Ukraine. This is the opinion of the President of the Association of Enterprises "Ukrmetallurgprom" Alexander Kalenkov…
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Turkish company Ulus Metal invests in the economic zone in PolandThe Turkish Ulus Meta, l engaged in the production of metal products for the needs of the automotive industry, bought an object in Poland in the economic zone in Zabrze. This will be another investor in the automotive industry who has bought land in the Regional Park. One of the previous purchases…
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BFI Global Exit Reaches High Level in 2017Full production statistics for 2017 released by the World Steel Association point to marginal growth in blast furnace iron (BFI) production during the year compared to a year earlier. Global BFI output recovered to just over 1% in 2017. Production increased from 1.162 billion tonnes in 2016 to…
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The European Parliament will vote to increase the price of CO2 emissionsAt the plenary meeting of the European Parliament in Strasbourg on Tuesday 6 February, MPs will vote, in particular on the reform of the CO2 emissions trading system (EU ETS). The changes should lead, in particular, to an increase in the price of CO2 emissions. Supporters of CO2 trading reform note…
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Production results of metallurgical enterprises of Ukraine for January 2016During January 2018, 1.94 million tons of pig iron were produced in Ukraine, which is 2% more than in December 2017; produced 1.9 million tons of steel, which is 0.5% higher and 1.68 million tons of rolled metal, which is 1% lower than the previous month. For the first month of 2018, in comparison…
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China's Restrictions Hit Smaller Steel ProducersChinese authorities 'winter restrictions on steel production in the northeast and broader efforts to curb carbon emissions are temporarily reducing steel companies' sales, but the impact on profits will be offset in part by higher prices and margins, Fitch Ratings said. Smaller steelmakers are…
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Strong growth in global stainless steel production expectedAnnual production of high quality stainless steel is estimated at 48 million tonnes in 2017, up 4.9 percent year on year. MEPS predicts further growth in global turnover by almost 5 percent in 2018 to a new high of 50.3 million tonnes. Recently released official data for Chinese production was…
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