Metallurgy news
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Coal sales increase in IndonesiaCoal miner Harum Energy said Tuesday that January-September sales rose 44% year-on-year to 3.6 million tonnes, while the average selling price rose 28% to $ 63.70 a tonne. The company said that steam coal production in the nine months was 3.2 million tonnes, up 57.5% from the previous year. Thermal…
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Latin America: Steel Demand and Production Grows in January-AugustLatin America data for the first eight months of 2017 showed a 5% increase in consumption, while steel and finished goods production rose 8% and 3%, respectively, over the same period last year. Better global and regional economic conditions affected. However, imports increased by 14%, influenced…
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The world is running out of gold minesIn recent years, there has been a significant slowdown in the number of discovered large deposits. Legendary goldfields such as South Africa's Witwatersrand Pool, Carlin Trend and Australia's Super Pit are nearing the end of their lifecycle and could well be a thing of the past. Over the medium to…
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Coal may become a scarce commodityThe idea of coal as a scarce commodity seems somewhat ridiculous, given that it remains one of the most abundant minerals on the planet, but in the coming years there may be a shortage of supplies in the maritime markets. The current debate over coal tends to be about how long it will continue to…
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Forecast by the World Steel AssociationThe forecasts made by the World Steel Association in its latest October survey reflect a relatively favorable picture for the global steel industry, and this is not just China. The outlook promises growth outside of China at 2.6% this year and rising to 3% in 2018. In contrast, China's numbers have…
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Barter debt repayment schemes are reviving in UkraineDneprovsky Metallurgical Plant (DMK, Kamenskoe), which is part of the Industrial Union of Donbass (ISD) corporation, has begun to settle accounts with the Dutch holding Metinvest B.V. (Metinvest) Ukrainian billionaires Rinat Akhmetov and Vadim Novinsky for the supplied iron ore raw materials with…
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List of the world's largest steel producers for September 2017The latest production statistics released by the World Steel Association (Worldsteel) indicate that in September this year, steel production in 66 countries reporting to the Association amounted to 141.43 million tonnes. Compared to the previous year, monthly steel production increased by 5.6%. The…
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EU steel production drives growth in SeptemberThe production of unrefined steel EU-28 in September this year amounted to 13.785 million tons. Monthly steel production in the EU-28 recorded marginal growth in September this year. At the annual level, the volume of regional production increased by 2.7%. In addition, the cumulative production…
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China provides good conditions for global metallurgyChina's pursuit of better air quality is bliss for global steelmakers. Japan's largest manufacturer Nippon Steel & Sumitomo Metal Corp. increases profit ninefold in the first half as China's anti-pollution and bloated steel industry pushed prices up to their highest levels in five years. The…
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Vale to add 10 million tonnes to iron ore capacityVale plans to restart three pelleting plants in Brazil that have been idle for several years: the Sao Luiz plant with a capacity of 7 million tons per annum in mid-2018 and two smaller plants, Tubarao I and II, possibly as early as 2018. “The pellet market is very strong,” said Vale CEO Peter…
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