Metallurgy news
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Ferrous scrap prices return to 2017 peakAt the end of the year, scrap prices recovered their peak levels in 2017, which were observed at the end of August. In contrast, iron ore prices are more than 20% below their 2017 highs. Turkish factories, which are the world's largest consumers of scrap metal, are showing a healthy demand for…
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China will remain a major player for global commodity demandChina's influence on basic commodities is likely to remain the single most important driver of supply and demand in 2018, but that doesn't mean next year will be just a repeat of what happened this year. China's increased use of natural gas should have been negative for the country's coal imports…
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Analysis: High coking coal prices persistFurther increases in premium coking coal prices are pushing tier 2 coking coal and PCIe coking coal up in price, supporting the PCI transition to recover relative prices, analysis from S&P Global Platts shows. Tier 2 hard coking coal narrowed its discount in relative terms to catch up, but lost…
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Steel production increased by 3.6% in November 2017World steel production for 66 countries representing the World Steel Association (Worldsteel) was 136.3 million tonnes in November 2017, up 3.7% from November 2016. Steel production in China in November 2017 amounted to 66.2 million tons, which is 2.2% more than in November 2016. In November 2017…
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Gazprom will continue to conquer marketsThe world's largest gas producer, Russia's Gazprom, has adopted next year's budget. It is clear from this that the company will continue to increase gas sales in the Union. Investment costs for gas pipelines will also increase by almost 40 percent. Next year, the forecast is slightly lower - 188…
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New steel melting technology eliminates cokeCarbon dioxide emissions from steel production can be reduced by 80%. Tata Steel knows how. The next phase of testing a new pig iron production technology was launched at Tata Steel's factories. This reduces carbon dioxide emissions by one fifth. The first such smelter is planned to be built. The…
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China steel export price hits four-year highAccording to the China Metallurgy Association (CISA), improvements in the quality and structure of steel products resulted in China's export price of USD 798.8 per tonne in October, the highest since February 2014. In the first 10 months of this year, the average export price for steel products was…
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Germany to resume Nord Stream 2 gas pipeline project?The possible return of the Social Democrats to the German government increases the chances of the existence of the Nord Stream 2 gas pipeline project. Until last month, some high-ranking officials from the German Foreign Ministry had expected that priority for Russian President Vladimir Putin, Nord…
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China could create € 90bn emissions trading marketChina was to launch its own version of the carbon trading system by the end of the year, which was supposed to reach 6,000 enterprises in the beginning. It is currently reported that only 1,700 companies will be included in the beginning. The system should be introduced by companies that annually…
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For 9 months of 2017, Metinvest's consolidated revenue increased by 36%Netherlands-based Metinvest B.V., the parent company of the international vertically integrated metals and mining group of companies, today announced preliminary financial results for the nine months ended September 30, 2017. In 9M 2017, Metinvest's consolidated revenue increased by 36%…
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