Metallurgy news
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Copper is getting cheaper this is not the end of falling pricesCopper on the London Metal Exchange fell by $ 5 per tonne, maintaining the downward trend in prices, however, this process can be much stronger. Metal on the LME with 3 months' delivery sells for $ 5606.00 per tonne. Risks to the copper price include a possible further slowdown in the Chinese…
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Tata Steel removes obstacles to merger with ThyssenKrupp in EuropeTata Steel and the trustees of the British Steel pension plan have agreed on key terms for a regulated pro-rata mechanism. If an agreement is reached, the company will pay £ 550 million ($ 710 million) to British Steel's Pension Scheme and sponsor a new pension plan, the company said. Tata Steel…
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Exports of scrap metal in Russia fell year-on-yearAccording to statistics, Russian scrap metal exports totaled 189,000 tons in February, down nearly 54.8% from the same period last year. January exports totaled 178,000 tons and is recognized as the smallest export since last year. At the same time, Russian exports to Belarus also fell over the…
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Zaporizhstal confirmed its compliance with ISO 50001: 2011In May, Zaporizhstal successfully passed the first supervisory audit of the Mill's Energy Management System for compliance with the requirements of the international standard ISO 50001: 2011. The audit was carried out by specialists of the company "Technical and Management Services", a corporate…
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Investors fear new sanctions against IranIran has put “almost all” mining agreements with foreign investors on hold as European companies fear additional economic sanctions against the Gulf country, according to Iran’s Industry Ministry. Now less than $ 100 million is working to promote projects out of $ 50 billion of potential…
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There is a risk of oversupply of coal in the global marketCoal finishers have responded to higher prices by increasing production, thereby oversaturated the market. While demand for electricity in countries like Indonesia may absorb some additional volume, producers need to be careful, analysts said at the Asia Coal Conference. The global coal market is…
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China's steel production hits record in AprilChina's steel production hit a new all-time high of 72.78 million tonnes during April, up 4.9% year on year, according to data released by the National Bureau of Statistics on Monday. The daily steel output in April averaged 2.43 million tonnes, up 4% from the average daily output in March, and…
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Zaporizhstal has installed a Danieli Corus charging device on blast furnace No. 3Zaporizhstal completed the installation of a trough-type bell-less charging device as part of the reconstruction of blast furnace No. 3. Danieli Corus's bell-less charging device (BCU) will increase the productivity of the blast furnace through optimal balance and control over the distribution of…
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ArcelorMittal doubles profitsArcelorMittal more than doubled its first-quarter earnings on the back of stronger global steel demand, which saw price recovery across the globe. Earnings before interest, taxes, depreciation and amortization rose to $ 2.23 billion from $ 927 million a year earlier. The figure exceeded the average…
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EU continues to impose anti-dumping duties on steel products from ChinaThe European Commission has imposed anti-dumping duties on other categories of steel products from China. This is another European Commission decision on subsidized Chinese steel that has flooded the European market. Earlier, the European Commission conducted an investigation into the matter, which…
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