Metallurgy news
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PJSC "ArcelorMittal Kryvyi Rih" opens the market of the NetherlandsKryvyi Rih, January 16, 2018 PJSC ArcelorMittal Kryvyi Rih received the Kiwa certificate (Netherlands), confirming the high quality of reinforcing bars. It can now be labeled with the International Building Industry Association KOMO mark. Earlier, the company received the right to sell its products…
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What was the global demand for gold last yearOfficial gold holdings with the world's central banks recorded an increase of 25%. The main buyers of the period were Russia, Turkey and Kazakhstan. Central banks around the world added 111 tons to their gold holdings in the third quarter alone. At the same time, global demand for gold jewelry in…
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Oil close to 2014 highsThe price of WTI crude oil increases during trading on Tuesday, while Brent is moderately cheaper after a significant rise in the last session, with both marks close to their highest levels since December 2014. Brent oil futures on the London ICE Futures exchange fell 26 cents (0.37%) to $ 70 a…
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The Netherlands is the largest importer of iron ore in the EU regionAccording to Eurostat, imports of combined iron ore to the EU in the first ten months of the year amounted to 91.86 million tonnes. Imports of agglomerated ore in January-October 17 increased by 3.4% and amounted to 24.04 million tons. The top three ore importing countries were the Netherlands…
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Copper production should increase in 2018Copper on the London stock exchange has become more than 1 percent more expensive. The weak US dollar is a strong incentive to buy commodities in this currency. Global copper production, which fell in 2017 for the first time in many years, is likely to be higher in 2018 and 2019, analyst Sanford C…
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Decrease in steel prices for the world's top producerSteel prices in China are quickly returning to the ground. Reinforcing bar, a reference product used in construction, sank to its lowest level since August after a five-week retreat as demand surged. The material has dropped 18% since peaking at a multi-year high in early December. At the same…
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In Iran, the production of steel and iron ore is growing from year to yearCompanies associated with Iranian state-owned mines and the Imidro metallurgical holding company produced 27.9 million tonnes of iron ore concentrate in the first nine months of the current Iranian fiscal year, March 21 - December 21, up 17% from a year earlier. With the start of several iron ore…
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China's iron ore imports hit record highs in 2017Imports of Chinese iron ore fell 11 percent in December from the previous month, but shipments hit a record high in a full year, according to customs officials. The largest global consumer in the world bought more imported raw materials to increase steel output. Imports in December amounted to…
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There are not enough metals for green energyIn the past year, significant progress has been made in the consumption of renewable energy. However, green energy is still a small but rapidly growing segment. To ensure a full transition to green energy, the use of certain metals will need to increase more than 10 times from what is currently…
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USA to recalculate anti-dumping duty on Hyundai metallurgical productsA U.S. court ordered the U.S. Department of Commerce to recalculate the anti-dumping margin for Hyundai Steel Co. products, a partial victory for South Korea's second-largest steelmaker. US Court of International Trade Judge Jane Restany said Wednesday (local time) that the Commerce Department's…
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