Metallurgy news
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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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Economic activity and steel demand expected to pick up in Latin America in 2018After 4 years of stagnation and crisis, the region has changed, thanks in part to Argentina and Brazil, better world trade conditions, a recovery in commodities and global growth. According to the latest forecast from the International Monetary Fund, the region will grow by 1.2% this year and 1.9%…
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What is the reason for the reduction in steel supplies to the United StatesHours before the US President traveled to China, the world's largest steelmaker announced that exports had fallen to their lowest levels in years, which was Donald Trump's target for Chinese imports to the United States. Steel exports from the country, which accounts for half of global production…
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Traders place bets on the future of metalThe frenzy in the copper market lures traders into taking high bets when prices return. Copper rates have climbed above $ 10,000 per metric ton for December 2018 contacts over the past two weeks, according to the London Metal Exchange. In total, traders spent about $ 4.5 million on contracts…
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Coal did not regain ground under TrumpA year has passed since the election of President Donald Trump and his promises to transform energy markets. In fact, what was true under President Barack Obama is still relevant today: the share of coal in the energy complex is declining, and wind and solar energy remain the fastest growing…
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India raises steel production in OctoberSteel production in October 2017 rose 5.5 percent to 8.65 million tonnes, up from 8.19 million tonnes in the same month last year, according to official data. India is the third largest steel producer in the world after China and Japan. Now the country is striving to grab second place. "During…
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Dneprospetsstal in October smelted 12 percent more steel than in SeptemberIn October 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmina ”smelted 22,833 tons of steel, which is 12 percent more than last month. During the same period, the enterprise produced 14,493 tons of finished rolled products, which is 4.4 percent more than in September…
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Poland: Nord Stream 2 pipeline project will be a good test for the EUDeputy Finance Minister Matusz Morawiecki said at the Warsaw Security Forum on Wednesday: "We believe that the Nord Stream 2 gas pipeline will be geopolitical and could lead to aggravation of conflicts in the EU." Morawiecki stressed that "we want peace, but at the same time we want politics and…
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Copper prices reacted to lower imports in ChinaCopper prices fell on the London Metal Exchange following data indicating that imports of red metal to China have become weaker. Copper on the LME in 3-month shipments now costs $ 6,825.50 a tonne, up from $ 6,833.50 previously, dealers said. China imported 330 thousand tons of unprocessed copper…
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EU achieves impressive results in climate improvementBetween 1990 and 2016, the EU cut greenhouse gas emissions by 23 percent, while at the same time its economy expanded by 53 percent, according to a report released by the European Commission in conjunction with the Bonn Climate Conference. The EU is one of the largest economies with the lowest per…
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