Metallurgy news

• PJSC "Zaporizhstal": production results in October 2016 In October 2016, PJSC Zaporizhstal produced 317.4 thousand tons of pig iron, 333.4 thousand tons of steel, 285.2 thousand tons of rolled metal. The decrease in production indicators in October 2016, compared to the same period last year, is due to the shutdown in October 2016 for repairs of... 01.11.2016  11:39

• Rio Tinto Sells $ 50 Billion Share in Iron Ore Mine Rio Tinto Limited has announced plans to sell its Simandou iron ore project to Chinalco China, the world's largest consumer of iron ore. Simandou, located in Guinea in Africa, is estimated to have the world's largest untapped iron ore reserves (2 billion tonnes), valued at US $ 50 billion. Rio... 01.11.2016  11:31

• In China, 33 miners are trapped in a gas explosion in a coal mine 33 miners were trapped in a mine near Chongqing, southern China, where a gas explosion occurred Monday before noon local time, China's Xinhua news agency reported. “We do not know what condition the miners are in,” the agency said. “After the explosion, we managed to save two miners. The condi... 31.10.2016  14:26

• Dynamics of prices for steel products in emerging markets The Brazilian metals industry is struggling to adapt to an unpredictable business environment. Distributors plan to continue their conservative purchasing strategies in November, citing price volatility and weak economic fundamentals. Russian steelmakers are based on the prospect of a decrease... 31.10.2016  14:14

• Iron ore pellets increased in price by 25% yoy Pellet supply for 2017 remains at $ 45 tonne, which indicates an increase of more than 25% on an annualized basis, amid strong demand and as supply remains limited. “Demand for high quality iron ore rose after the spike in coking coal prices in the third quarter of 2016, as the higher the Fe c... 31.10.2016  09:04

• MEPS Steel Price Prediction European flat product sales are expected to continue to grow moderately in the fourth quarter of 2016. European factories have raised their prices because they have a large volume of orders for the remainder of 2016. In addition, rising coking coal costs are pushing higher sales prices for steel.... 30.10.2016  10:15

• EU allows Gazprom more access to German gas pipeline The EU Commission allows Russia to transport more gas to Germany via the Opal pipeline. The EU has approved an expansion for the Russian Gazprom group to access the Opal pipeline in Germany. The company can provide more capacity as Gazprom is currently allowed to use 50 percent of the... 30.10.2016  09:57

• Steel smelting on the rise despite cuts in capacity in China Crude steel production in China in the first three quarters of this year increased significantly compared to the corresponding period last year. Meanwhile, government officials said the centrally managed state-owned enterprises are on track to meet their 2016 annual capacity reduction... 30.10.2016  09:43

• Copper in London holds near 2-week highs Copper prices on the London Metal Exchange are holding near their highest levels in two weeks, strengthening on the back of improved outlook for the US economy and the recovery in China's steel sector, which is fueled by speculative buying in base metals. Copper on the London Metal Exchange fell... 28.10.2016  11:03

• Putin: we offer gas to Ukraine for $ 180 Russia is ready to sell gas to Ukraine at $ 180 per thousand cubic meters, but Kiev will buy gas on the reverse reverse principle, as Russian President Vladimir Putin said on Thursday and pointed out the possible reasons for this state of affairs. Ukraine stopped buying gas from Russia in... 28.10.2016  10:31