Metallurgy news
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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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Brief US coal resurgence comes before TrumpNo industry gets as much love from President Donald Trump as the coal industry. Throughout his campaign and his presidency, Trump has pledged that he will revitalize the coal industry by stopping what he called President Barack Obama's brutal and cerebral "war on coal". First of all, growing coal…
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Prospects for Russian metallurgy in 2018Russian steelmakers boosted production in 2017 amid rising prices and demand following a two-year slump in the sector, although some analysts warn that the danger of a decline in the sector may be lurking around the corner. A stronger Russian ruble, underpinned by a stronger oil price, could also…
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Iron ore markers fall amid falling consumption of rolled metalIron ore futures in China were higher on Friday, but they saw their first weekly decline nearly threefold as slower demand halted the rise in prices for heavy plate, rebar and other rolled metal products after rising nearly 50 percent last year. ... Winter in China usually slows down activity in…
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Russia takes the wheat crownRussia's emergence as the world's leading exporter of wheat is reminiscent of the former Soviet dominance in production - albeit in vastly different conditions. Improvements in grain quality and efficiency are two important differences between the current and the Cold War era. The countries of the…
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Severstal keeps steel production at the level of the previous yearRussia's Severstal, one of the country's largest steelmakers, said crude steel production in 2017 was 11.65 million tonnes, unchanged year over year. Steel production in the last three months of 2017 increased by 2 percent compared to the previous quarter to 3 million tonnes, the company said…
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Dneprospetsstal increased steel production in 2017 by 9.1 percentFor twelve months of 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”smelted 258,568 tons of steel, which is 9.1 percent more than in the same period last year (APPG) and produced 169,226 tons of finished rolled products (11.8 percent more than in the APPG). For…
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Iron ore and coke in China began to rise in price, recouping a 5-day fall in pricesOn Thursday, Chinese iron ore futures began to rise as higher steel prices helped restore commodity prices after a five-day drop. Restrictions on steel production in northern cities in China during the winter have reduced demand for iron ore and lowered prices. Yet despite these restrictions…
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PJSC "ArcelorMittal Kryvyi Rih" launches a new complex for the transportation of iron oreIn the current year, the volume of iron ore production at the mine. Artem PJSC "ArcelorMittal Kryvyi Rih" is planned to be increased to 1.013 million tons (in 2017 - 757.6 thousand tons). This will allow the enterprise to fully meet its needs in sinter ore. The growth of underground mining volumes…
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How does Trump's steel-market ploy differ from George W. Bush's 2002 trade measures?US President Donald Trump is close to deciding to manually regulate steel supplies to the US, which is reminiscent of the protectionist measures of the last Republican President George W. Bush to restrict metal imports. But any feelings of déjà vu will be misleading. as Trump's strategy to protect…
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