Metallurgy news
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Strong rise in copper prices supported by data from ChinaCopper on the London Metal Exchange has risen significantly in response to information on China's exports and imports. The metal on the LME for delivery in 3 months is measured at $ 5,691.00 a tonne after rising 1.1 percent, brokers told brokers. China has published very good export and import…
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Dneprospetsstal: production results in March 2017In March 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21 616 tons of steel, which is 8.4% higher than the level of the previous month. During the same period, the Company produced 14,429 tons of rolled metal, which is 9.0% more than in February 2017…
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Iron ore poised to extend recessionThe fall in iron ore prices amid a bear market could herald further declines as refineries in China move away from low-grade ore. The 62 cent ore in Qingdao fell 1 percent to $ 74.71 a tonne, after falling 6.8 percent late last week. Earlier in Asia, futures on the Dalian Exchange dipped to their…
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In Peru, at the South Copper mine, miners decide to go on strikeUnion officials and southern copper mine managers in Peru were unable to reach an agreement to end the open-ended strike after a lengthy meeting Monday night, a union spokesman announced Tuesday. “The company disagreed with the union’s basic demand for a larger share of the profits,” said Raul…
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EU talks about the need to modernize the Ukrainian gas pipelineAccording to EU experts, Ukraine should start investing in gas pipelines. They are not really in the best condition. In addition, the system needs to be reorganized so that it can be used as efficiently as possible. The Ukrainian gas pipeline system is of great importance for ensuring the energy…
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Ferrexpo Ukraine announces a drop in production for the 1st quarterThe Ukrainian company Ferrexpo announced that 2.524 million tonnes of pellets were produced in January-March this year, down 9.1% from the same period last year. This is due to the fact that in January-February of this year, the company worked on a maintenance schedule for fifty-five days, and…
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Zaporizhstal completed the use of a Dutch crane for the reconstruction of a blast furnaceThe Zaporizhstal plant dismantles the crane of the Dutch company Mammoet, which was used in the SKD assembly of blast furnace No. 3. The mega-crane height reaches 143 m, lifting capacity - 1600 tons, weight - 2000 tons. The crane worked for 5 months on a large-scale reconstruction of the furnace…
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India approaches 2nd largest steel producer in the worldIndia is set to become the world's largest steel producer after China, with record production during 2016-17 ending in March. During this period, export growth was the highest in the country's history. Steel output jumped 11 percent to 101.3 million tons and the country became a net exporter in the…
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The growth of the ruble casts a shadow on the rosy mood of Russian metallurgistsThe rise in the value of the ruble could lead to higher dollar-denominated spending for Russian metallurgists, which is eating up export earnings while the sector was looking to capitalize on the nascent economic recovery. The outlook for the sector revolves around the return of the Russian economy…
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Russia to provide Belarus with $ 1 billion loanBelarus will receive a $ 1 billion loan from Russia, Deputy Prime Minister Vladimir Semashko said on Sunday evening on Belarusian state television. However, he did not give detailed information about the new agreements between Moscow and Minsk. On April 3, after a meeting in St. Petersburg with…
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