Metallurgy news

• What caused changes in coking coal prices? The long-awaited rise in coking coal prices on world markets for mining companies is gradually affecting steel production. In 2010-2013, the boom in high coking coal prices was driven by strong demand for steel products and rising prices in most regions of the world. Currently, the rise in... 28.10.2016  09:53

• Moody's: Chinese and Russian steel imports negatively affect European metallurgists Continued competition from cheaper Chinese and Russian imports will maintain a poor outlook for the European steel industry over the next 12-18 months, Moody's Investors Service said in a published report. “Global and regional imbalances between supply and demand will continue to weigh on sector ... 27.10.2016  10:31

• EU Parliament Calls for Freeze Nord Stream 2 The EU Parliament resolution calls for freezing the construction of Nord Stream 2. "The German-Russian gas pipeline is contrary to European interests." Instead, the European Parliament is in favor of developing a network of LNG terminals. Nord Stream 2 poses a threat to supply lines in the... 27.10.2016  10:17

• Posco Reaches Most Profit Since 2013 Amid Rising Steel Prices Posco, the largest steelmaker in South Korea, posted the largest quarterly profit since 2013, as a boom in China's real estate and infrastructure sectors drives global prices higher, driving margins at Asian factories. Moody 's Investors Service revised the company's rating outlook from negative to... 27.10.2016  09:42

• Ten thousand steelworkers on the streets of Brussels IndustriALL is organizing a demonstration on 9 November to bring 10,000 steel workers across Europe to the streets. The association has nearly 7 million members and is committed to countering the shrinking steel industry in the European Union. IndustriALL recalls that before the crisis, more... 26.10.2016  10:38

• Leading steel producers in September 2016 According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association totaled 132.909 million tonnes in September this year. Monthly output increased 2% over the same month last year. These 66 countries produced... 26.10.2016  10:25

• Brexit will reduce steel consumption in Europe According to Eurofer, the impact of Brexit next year will weaken investment activity and thereby reduce demand for steel. Steel consumption in the EU will fall in the second half of this year. In the second quarter of this year, apparent steel consumption in the European Union grew by 2.3... 26.10.2016  10:08

• Interpipe announced the appointment of a new CEO Fadi Hraibe has been appointed General Director of the Ukrainian industrial company INTERPIPE. He will take office on November 1, 2016. Oleg Rosenberg, who has headed Interpipe since 2013, has completed cooperation with the Company. Fadi Hraybe has experience of cooperation with Interpipe.... 25.10.2016  12:04

• Baosteel and Wuhan Steel complete 2016 capacity cuts China, the world's largest steel producer and consumer, has already begun restructuring inefficient and overcapacity in the sector, which have driven an increase in cheap exports and a drop in steel prices. Chinese steel giants Baosteel Group and Wuhan Steel Group have completed their targeted... 25.10.2016  12:03

• Interrelation of prices of steelmaking raw materials What connects loading of coking coal from Australian ports with ferrous scrap from New Jersey, USA? And what does this combination mean for Turkey's electric arc furnaces? FOB Australia coking coal prices doubled in a month from mid-August to mid-September following further destruction of mines... 25.10.2016  11:44