Metallurgy news
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The US can indirectly influence the decisions of some EU countries in geopolitical issuesIn November, the European Commission presented a proposal to amend the EU gas directive, which should clearly state that subsea gas pipelines in the EU are subject to the so-called third energy package. This initiative could jeopardize the profitability of the Nord Stream 2 project. Some EU members…
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Copper is clearly growing alongside other base metalsCopper prices on the London Metal Exchange are rising by almost 1 percent. Higher interest in goods in the markets due to the low dollar prices at which, among other things, copper is valued. Metal on the LME in 3-month delivery was worth $ 7,108.50 a tonne after the opening of trading, but now it…
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Rebar and sheet steel prices rise in Northern EuropeThe rise in scrap prices contributed to the rise in rebar prices in Denmark in January. So far, the mild winter has enabled infrastructure projects to be carried out, which has led to a healthy consumption of rebar and sheet metal. The construction sector operates in Sweden without major weather…
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World steel production in 2017 will increase by 5.3%World steel production reached 1,691.2 million tonnes in 2017, up 5.3% from 2016. Steel output increased in all regions in 2017, with the exception of the CIS, where production remained unchanged. Annual production in Asia was 1,162.5 million tonnes of steel in 2017, an increase of 5.4% over 2016…
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PJSC "ArcelorMittal Kryvyi Rih" reduced annual steel production and rolled products outputPig iron production at PJSC ArcelorMittal Kryvyi Rih in 2017 amounted to 5.6 million tons against 6.1 million tons in 2016, rolled stock - 5.1 million tons against 5.5 million tons of equivalent steel (taking into account casting and production commercial pig iron) - 6.35 million tons against 7…
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Gazprom significantly reduced gas supplies through UkraineThe transportation of Russian gas through Ukraine to European countries fell by 27 percent in January. Gazprom has reduced overall gas exports to Europe, cutting it primarily in the Ukrainian direction. In the period from January 1 to January 20, transit through Ukraine amounted to 4.3 billion…
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India's iron ore production drops after two years of growthIron ore production in the country is projected to decline by 15 percent in 2018 after steadily growing for two consecutive years due to the closure of seven working mines in Odisha, while production cuts in Goa will impact overall production. “During 2016-1917, the production of iron ore amounted…
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The British will help in the construction of Nord Stream 2The British company DeepOcean 1 UK Limited, which belongs to the tycoon in the underwater construction market - the Dutch DeepOcean Group, announced that it received a contract for a site in Nord Stream 2. It is not yet known how much the contract to excavate the bottom of the Baltic Sea basin is…
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Copper supply situation may worsenThe metal on the LME is worth $ 7,777.00 per tonne in three-month shipments, after a 0.1 percent increase. “The restrictions imposed in China - due to environmental concerns - cause temporary production pauses for copper in village mills and disputes in copper mines in Chile and Peru, as well as…
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Rio Tinto bets on MongoliaMining giant Rio Tinto is setting up a new office in Mongolia, independent of its massive Oyu Tolgoi copper and gold mine, which will focus on exploration. The opening of a new unit based in the capital Ulaanbaatar bears testimony to the credibility of Rio in a country that was recently in a…
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