Metallurgy news
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Dalian iron ore hits 2-week highIron ore futures in China climbed to their strongest level in nearly two weeks on Monday, tracking higher steel prices. Expectations that demand for steel raw materials will pick up after China's steel production is curtailed in the winter have also bolstered prices. Hebei Province has cut 25.55…
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Copper gains value againCopper prices on the London Metal Exchange rose 0.2 percent. Metal on the LME for 3-month shipments is worth $ 6,981.50 per tonne. As early as Monday, LME copper gained $ 75, or 1.1 percent. - up to 6,970.00 US dollars per ton. Copper rallied strongly last week when it was reported that Kyrgyzstan…
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Coal production decreased in PolandCoal production in Poland in September fell 9% year-on-year to 5.63 million tonnes, while sales fell 36% to 5.4 million tonnes. However, output was up 5.6% month-over-month and sales were up 0.2% month-over-month. Production from Polish mines in September was the highest since March, when…
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Russia flooded the market with grainsRussian grain flows around the world in a flow the world has not seen since the tsarist empire a century ago, but the country's export expansion seems to have hit the wall due to a lack of infrastructure. While Russia has increased its grain export capacity ninefold over the past 15 years, even…
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Coal shortage hurts India's aluminum productionThe aluminum workshops of Vedanta and Hindalco are at risk of becoming unviable due to coal shortages. Coal supplies to power plants owned by two aluminum producers are low. Coal from the auctions is not delivered. With capacity contributing 40-45 percent to the cost of smelting aluminum, the…
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Steel production on the rise in TurkeySteel production in Turkey increased 13.5 percent in the first nine months of 2017, reaching 27.7 million tonnes, the Turkish Steel Manufacturers Association (TCUD) reported. Turkey has maintained its position as the eighth largest steel producer in the world, accounting for more than 2.1 percent…
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Hebei surpasses targets to reduce polluting steel and coal production capacityChina's largest steel region in Hebei province this year surpassed plans to cut its steel, coal and coke industries as part of efforts to reduce air pollution and overproduction, the government's press office said. Hebei, which is located near Beijing, has cut 25.55 million tons of steel capacity…
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CO2 prices to rise by 200 percent in the EUThe price of the premium for CO2 emissions may rise in a few months to 10-12 euros per tonne. This is a big increase over current prices. France and Germany are pushing for higher CO2 prices in the EU. Analysts at the Brokerage House BZ WBK note that the price of CO2 emissions has increased…
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PJSC "ArcelorMittal Kryvyi Rih" completes the transition to a graded wage systemPJSC "ArcelorMittal Kryvyi Rih" is completing the transition to a graded wage system. In April 2017, the Commission and the Working Group began to work on the development and implementation of a multi-level salary system at the enterprise. On May 1, 2017, employees' salaries were increased. For…
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Spotlight: wave of industrial scandals threatens Made in Japan reputationA number of top Japanese manufacturers have been mired in recent quality scandals, damaging the "Made in Japan" reputation once revered and reflecting a lack of national oversight. Subaru Corp. is the last manufacturer to come under fire. The company said on Monday that it will have to recall about…
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