Metallurgy news
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China's demand for iron ore in November will fall by 6 million tonsIron ore demand in China is forecast to decline by 6 million tonnes in November as the world's largest consumer of raw materials plans to curb steel production in the winter to meet air pollution targets. Steel production cuts in 28 Chinese cities are set to begin Nov.15 and may include other…
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Metinvest presented a project of ecological reconstruction of a blast furnace at Azovstal to the public of MariupolMetinvest Group is investing UAH 2 billion in the reconstruction of blast furnace (BF) No. 3 at the Azovstal metallurgical plant. The expected reduction in dust emissions is 80%. In addition, by 2021, the company will allocate more than UAH 2.2 billion for the implementation of environmental…
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Germany burns too much coalGermany is seen as a world leader in the fight against climate change. Thanks to investments in renewable energy sources, wind and solar power now provide a third of electricity, more than double the share of the United States. Germany's goal of reducing carbon emissions by 40 percent by 2020 is…
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Japanese aluminum industry may consider developing quality assurance guidelines after Kobe Steel scandalThe Japan Aluminum Industry Association may consider developing common sectoral quality assurance guidelines if, following the quality control scandal that engulfed Japan's Kobe Steel Ltd, it receives requests from member companies to do so. Mitsuru Okada, chairman of the Japan Aluminum…
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Rebar futures are on the rise in ChinaChina's steel rebar futures were higher as production continued to decline in the country's major steel cities amid tackling winter air pollution. The most active rebar contract on the Shanghai Futures Exchange climbed 0.6 percent to 3,794 yuan ($ 570.68) a tonne. Capacity utilization at Chinese…
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Results of Ukraine on the production and consumption of rolled metal products for 10 monthsDuring January-October 2017, Ukraine produced 15.15 million tons of rolled metal, which is 15% lower than the corresponding last year's results. According to ETR-SPECTR LLC, during this period, exports reached 11.86 million tons, which is 78.3% of the total. Then, as for 10 months of 2016, exports…
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One of the largest miners in the world is about to leave coalJust five years ago, it would have been almost unthinkable that one of the largest mining companies in the world had not mined coal. Now it will become a reality. The Rio Tinto Group, the world's second-largest miner mining sector, has been steadily pulling back from coal mining to focus on asset…
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Metals prices rise on the London Stock ExchangeCopper on the London Metal Exchange rallies at the start of the new week. Metal on the LME in 3-month deliveries costs $ 6,810.00 per tonne, up 0.4%, according to brokers. However, the situation is much better for nickel, which increased by 1.7% to USD 12,315 per tonne. However, the copper price…
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ArcelorMittal: steel losses in the third quarterThe third quarter of the year proved to be weaker for ArcelorMittal, especially in the steel segment. After three quarters of the year, the company still has a much better performance than last year. For three quarters, EBITDA amounted to $ 6.267 billion, which is 36.4% more than a year earlier. In…
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Hebei in China to reduce steel capacity by 20 million tons in 2018-2020China's largest steel province, Hebei, plans to cut about 20 million tonnes of its steel production capacity between 2018 and 2020, the provincial government said in a statement on its Weibo Twitter account on Friday. Hebei, which accounts for nearly a quarter of China's total steel production, is…
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