Metallurgy news

• China's coal production drops 10.7% in January-October Coal production in China fell 10.7 percent year on year to 2.74 billion tons in the first ten months of this year, data from the National Bureau of Statistics showed. In October, coal production fell 12 percent year on year to 280 million tonnes. Coal imports increased 55.3 percent year on year... 21.11.2016  09:36

• Bubley became president of UAVtorMet According to the Ukrainian Association of Secondary Metals, the place of the head of this organization will be taken by Vladimir Bubley, who is the director of Keramet. This association is the largest in the scrap collection industry in Ukraine. Previously, this honorary post was held by Vasily... 21.11.2016  09:05

• Oil prices in the US are falling amid expectations of the Fed and OPEC Crude oil prices on the New York Stock Exchange are declining in response to the overwhelming stance of the US Federal Reserve to raise interest rates. This led to the strengthening of the dollar, so that raw materials in other currencies will be more expensive. In addition, for the first time... 20.11.2016  12:29

• Fitch: Chinese Steel Exports Will Remain Strong Next Year According to analysts at Fitch Ratings, China's steel exports will remain at around 100 million tonnes next year. China's steel production this year may be similar to the past and next years. Steel exports will be supported by the low yuan exchange rate and cheaper raw materials. According to... 20.11.2016  12:16

• EU anti-dumping policy disrupts the free market Protecting the EU steel market in response to anti-competitive actions creates administrative interference with free trade. In the iron and steel industry, the European Union seems to be moving in the right direction, but the whole mechanism requires a significant revision. The imposition of duties... 20.11.2016  12:00

• Yusco Increases Stainless Steel Prices In November Yieh United Steel Corp. (Yusco), the largest integrated stainless steel plant in Southeast Asia, announced a rise in domestic stainless steel product prices for November. At the same time, Yusco increases export prices by $ 80-100... 19.11.2016  11:06

• Abu Dhabi to build a new aluminum rolling mill Dubal Holding and Singapore-based industrial group MARS have announced plans to invest US $ 120 million in the Abu Dhabi industrial zone to establish a new rolled aluminum production facility. The plant will produce 65,000 tons of aluminum coils per year. Production will begin in the third... 19.11.2016  10:48

• Australia Increases Iron Ore Exports In October According to statistics, the volume of iron ore exported from the Australian port of Hedland totaled 41.57 million tons in October. Although, exports decreased by 0.6% compared to the previous month, but increased by 13.8% compared to the same month last year. Australia's iron ore exports from... 19.11.2016  10:40

• Rusal boosts alumina sales The world's leading aluminum producer, Rusal, has announced results for the third quarter and first 9 months. The total production of alumina for the reporting quarter amounted to 1,865 tons, while in the same period last year it amounted to 1.87 million tons. In the first 9 months of this year,... 18.11.2016  10:25

• Steel demand will increase in Russia in 2017 Steel demand in Russia is projected to resume growth in 2017. Apparent steel consumption is expected to increase by 2 percent year on year to 39.1 million tonnes, based on a modest increase in gross domestic product (GDP) next year. Steel demand in Russia has been declining for three consecutive... 18.11.2016  10:13