Metallurgy news

• Reinforcing bars on the Shanghai Stock Exchange hit a six-month high amid strong demand Steel rebar futures on the Shanghai Stock Exchange have stabilized near their highest level since April this year, supported by robust consumer demand in China, which also keeps iron ore spot prices at six-month highs. Steel production at factories that are members of the China Metallurgical... 04.11.2016  11:07

• European manufacturers demand protection from Chinese exports Representatives of the metals industry, trade unions and the European Parliament sent a letter to Jean-Claude Juncker, President of the European Commission, on the need for legislative negotiations with China. In the letter, they expressed their satisfaction with the decision of the European... 04.11.2016  10:49

• Fear of Trump's victory pushes gold above $ 1,300 The odds of Donald Trump winning the U.S. presidential race are scaring the market, prompting investors to look for a safe haven in gold. The precious metal rose to $ 1,300 an ounce for the first time in nearly a month after opinion polls showed Trump was gaining traction in the election, and... 03.11.2016  11:37

• MEPS predicts record global stainless steel production MEPS predicts that global stainless steel production will hit a record high of 43.3 million tonnes in 2016, up 4.2 percent from the previous record set last year. MEPS expects further growth in global production in 2017 to reach a new peak of 45 million tonnes. Global stainless steel production... 03.11.2016  11:21

• Steel output increased in Ukraine Steel production in Ukraine in the first ten months of this year increased by 5 percent to 20.2 million tonnes, as the industry recovered slightly from the sharp drop in production volumes last year associated with the war, the producers noted. Steel production in Ukraine fell 16 percent in 2015... 03.11.2016  11:00

• Steel prices will remain at current levels in the coming months - MEPS MEPS International notes that despite the fact that the Chinese authorities have announced a plan to reduce capacity by 100 - 150 million tons by 2020, steel production in the country continues to grow. In the first three quarters of this year, steel output increased by 0.4 percent. However, in... 02.11.2016  10:57

• Ukrainian wheat stocks are 16% lower than last year amid growing exports According to the official statistics of Ukraine, as of October 1, 2016, stocks of grain and leguminous crops amounted to 24.87 million tons, which is 3.5% less than on the same date in 2015 - 25.77 million tons, as reported UkrAgroConsult. Wheat stocks at the reporting date were lower by 16% -... 02.11.2016  10:36

• 15 killed in a coal mine in China Rescuers in the southwestern Chinese city of Chongqing were still trying to find 18 missing miners on Tuesday, fearing they were killed by a gas explosion. Hundreds of rescuers, including firefighters, police officers and security specialists, were immediately dispatched to the scene of the... 02.11.2016  10:18

• Glencore closes another zinc mine Along with steelmaking raw materials - iron ore and coking coal, zinc is the best mining commodity in 2016. It trades at $ 2,374 per tonne, up 47% YTD. The outlook for zinc has improved significantly after the closure of two major mines last year, the Century in Australia and the Lisheen mine in... 01.11.2016  12:12

• The price of Russian wheat is growing against the background of strengthening prices in Ukraine Russian wheat export prices rose for the sixth time in a row, supported by high prices in Ukraine, a competitor across the Black Sea that recently signed major deals with India. Russian wheat prices for delivery across the Black Sea in November were at $ 178 per tonne for delivery on board... 01.11.2016  11:50