Metallurgy news
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Chinese steel futures ramp up profitsChinese steel futures rose for a third straight day after Beijing stepped up measures to curb steel production to curb overcapacity and help stem pollution, but overstretched demand worries. The most active rebar contract on the Shanghai Futures Exchange rose 0.1 percent to 3838 yuan ($ 589.81) a…
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Forecasts show further increase in copper pricesCopper is still getting more expensive on the London stock exchange. Metal on the LME in 3-month delivery was valued after the opening session at $ 4.50 higher compared to January 10 - after $ 7,155.50 per tonne. This was in reaction to forecasts by Citigroup analysts that there are risks of rising…
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Polish sheet steel strengthens export positions in EuropeThanks to investments and the blocking of steel imports from the East, Polish metallurgical plants are increasing their foreign sales. Exports of sheet metal have increased by almost half. At the end of 2017, the export of steel sheets from Poland increased by 43.2 percent. The reasons for the…
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IG Metall will continue strike in GermanyJörg Hofmann, head of the German trade union IG Metall, announced the continuation of preventive action in the metallurgical and electrical industries until the next round of tariff negotiations. In North Rhine-Westphalia, more than 20,000 employees were invited to strike on Wednesday, an IG Metall…
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Vietnamese Metallurgists Demand Strong Response to US TariffsThe Vietnamese Steel Association (VSA) is urging the government to take strong action against the anti-dumping duties imposed by the United States on certain products, including considering WTO litigation if necessary. The association has asked the Ministry of Industry and Trade (MIT) to take…
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Azovstal cuts production of sheet steel due to EUThe Mariupol metallurgical plant Azovstal, according to UGMK.info, plans to produce about 71 thousand tons of heavy plate in January 2017, which is 14 percent less than the result of the previous month. It is explained that the reduction in the production of sheet metal products is associated with…
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Gas from Russia will go to the USARussian LNG will also ship to Boston in January in January. The deal follows a surge in gas prices on the east coast of the United States. Gas from Russia is transported by tanker Gaselys, owned by the French corporation Engie. The liquefied gas will be transported from the UK terminal on Zern…
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Copper is on the side of growth againCopper prices on the London Metal Exchange are rising slightly. Metal on the LME in 3-month deliveries rose 0.3 percent to $ 7,333.00 per tonne. Changes in quotes may occur in the coming weeks, but close to current levels, until some stronger factors emerge that will push the market up or down…
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Environmental protests are brewing in PeruThe Peruvian government will have to deal with a large number of mining-related protests in 2018 due to the country's environmental distortions. Earlier in October, the Ministry of the Environment (MINAM) updated the list of mining projects requiring an environmental assessment prior to mining to…
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The Poland-Lithuania gas pipeline should break the connection with the times of the USSRPolish Gas-Sistema received a location decision for a gas connection between Poland and Lithuania. This will be the main point of the gas pipeline for Poland, Lithuania, which is important for the European Union. The merger will enhance the region's energy security, and the entire 515 km gas…
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