Metallurgy news
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Chinese metallurgists have significantly increased the profitability of productionS&P Global Platts analysis and data show that global operating margins for steel mills look strong year-over-year as steel prices rose higher compared to iron ore, coking coal and scrap. In China, spreads between steel and prices for imported blast furnace raw materials remained close to multi-year…
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Dneprospetsstal: production results in November 2017In November 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 20,153 tons of steel, which is 11.7% less than last month. During the same period, the Company produced 13,495 tons of rolled metal, which is 6.9% less than in October 2017. The total cost of…
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Metinvest will make early payment of EurobondsMetinvest Holding announced that it is going to pay interest to holders of Eurobonds with maturity until December 31, 2021, $ 6 million 508,901 thousand of non-guaranteed income for the period from August 18 to September 18, 2017. According to the company's statement on the website of the Irish…
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Steel price in China continues to riseThe war on smog pushed Chinese steel prices to a nine-year high last week amid tighter supplies and unexpectedly healthy demand, especially in eastern and southern China. Chinese steel futures jumped on Monday after a three-day drop as production cuts at the world's largest producer deepened in…
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US Senate Investigates Uranium Exports By A Russian-Owned US FirmSenate Environment Committee Chair John Barrasso sent a letter to Energy Secretary Rick Perry and Nuclear Regulatory Commission Chair Christina Svinitski, informing him that he is expanding the investigation into the sale of uranium from the Uran-1 plants to the Russian state-owned company…
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Aboriginal people open their first mine in AustraliaSunday was a big day for Aboriginal people in Northern Australia with the opening of a new bauxite mine. At a ceremony marking the official opening of the mine, leader Gumatj Galarrwyy Yunupingu dumped a handful of bauxite into the hands of two Rio Tinto workers. The event was historic because it…
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India: rising iron ore pricesIncreases in iron ore prices from Indian suppliers, most notably the National Mineral Resources Development Corporation (NMDC), disrupted steel production. Industry sources say the nominal increase at regular intervals in line with the international price has affected small and marginalized…
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European coal plants will declineBy 2030, 97 percent of businesses will have negative cash flow as the European Commission plans to end so-called “to coal” payments by the middle of the next decade and battery technology will improve to provide more power needed during peak hours. “Coal will be put in a death spiral, and asset…
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Vale aims to halve its debtThe world's largest iron ore producer and Brazil's largest privately held company, Vale, expects to halve net debt to less than $ 10 billion by 2019 and use the additional cash flow to boost dividends. The Rio de Janeiro-based company, which earlier this week threatened to flood the market with…
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Record sales of Russian gas to Turkey recordedFor 11 months of this year, Russian gas exports to Turkey increased by more than 20%. compared to the same period last year. This means that in 11 months the import of Turkish gas from Russia in absolute terms increased by 4.4 billion m3. Thus, Ankara is the second largest market for Russian gas…
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