Metallurgy news
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US scrap metal imports hit record high in 5 yearsThe United States imported 1.15 million tonnes of scrap steel in the first quarter of this year, a record in 5 years, according to the US Department of Commerce. Scrap metal imports increased mainly from Canada and Mexico, as well as from the European region. In the first quarter of this year, US…
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Global nickel market in small surplusThe global market for refined nickel shifted towards a slight surplus in March following an increase in production outstripping robust global demand, as shown by the International Nickel Study Group figures. Global production of refined in March rose more than 5 percent to 173,100 tons compared to…
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Coal will be Southeast Asia's most important energy source by 2030In recent years, following an increase in demand, coal is projected to overtake natural gas to become the largest source of energy in Southeast Asia by 2030. The International Energy Agency projects a threefold increase in coal-based electricity production to 920 TWh in 2035 from just 255 TWh in…
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Turkey's steel production grows 12 percent in January-April 2017Turkish crude steel production increased 12 percent in the first four months of 2017 to 11.8 million tonnes on an annualized basis. In January-April 2017, billet production totaled 8.02 million tonnes, up 6.4 percent year on year. Steel plate output in the period rose 26.2 percent YoY to 3.8…
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Belarus exported $ 1 billion worth of weapons in 2016Last year, Belarus exported $ 1 billion worth of military equipment, the State Defense Industry Committee said. Within five years, the cost of military equipment sold abroad by Minsk has doubled. Such a large-scale export of military products has become possible thanks to constantly expanding…
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China recovers flammable ice from the bottom of the South Sea for the first timeAfter nearly two decades of exploration and exploration, China has successfully mined the so-called "flammable ice". The country's authorities qualified the result as a major breakthrough that could lead to a global energy revolution. This type of natural gas hydrate was discovered in the South Sea…
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Freeport: copper demand remains strongAccording to the CEO of Freeport-McMoRan Inc. (FMCG), copper demand remains strong in China, and improvements have been seen in Europe and North America. Since mid-April this year, Freeport's Indonesian division has experienced high absenteeism, which has negatively impacted the mine's production…
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Vale closes nickel mine in CanadaOne of the world's largest mining companies, Vale, plans to close its Birchtree nickel mine in Manitoba province by October 1, due to low nickel prices and low grade. The company also indicated that the 51-year-old Birchtree nickel mine is approaching depletion as a reason. Vale said in a statement…
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China is building a mega-cityThe new project will require large quantities of steel, copper and other materials, and the city's area will be almost three times the size of New York. Beijing's Belt and Road Initiative to create the Eurasian Trade Route has already started, but the infrastructure development program is facing…
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Commission examines issues of abuse of Gazprom's monopoly positionThe EU Commission announced in March that Gazprom has made commitments to ensure the free flow of gas at competitive prices to European countries. Poland, Ukraine and other countries affected by the gigantic monopoly practice were disappointed that Brussels decided not to impose fines. The deadline…
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