Metallurgy news
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AISI US Steel Production DataUS steel production declined slightly last week and was 0.7% lower than the previous week, but 4.6% higher compared to the same week last year, according to data released by the American Iron and Steel Institute. US capacity utilization dropped to 74.3% last week from 74.8% the previous week, but…
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Ukraine has decided on the conditions for the resumption of purchases of gas from RussiaUkraine, which had not bought gas from Russia for more than two years, could have purchased it, but on condition that the fuel collection point was located in the east, and not on the western border of Ukraine, as Deputy Prime Minister Volodymyr Kistion said. If the entry point is moved to the…
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Copper has risen by 50% and this is not the end of growthCopper prices on the London Metal Exchange are growing strongly - by 1.7%. The metal has earned more than 50 percent in the past 12 months, and so far Dr. Copper, as he talks about copper, is not bad. Copper on the LME for 3-month delivery is worth $ 7123.00 a tonne on Tuesday, dealers said…
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China cuts production of steel and coalChina's economy is expected to grow by 6.5 percent of GDP in 2017, he said Lifeng, chairman of the National Development and Reform Commission, the highest authority overseeing the Chinese economy. Overcapacity is one of the major challenges facing the Chinese economy. Over the past five years…
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The construction sector bears the brunt of the recent steel price risesMEPS International Ltd. reports that between January and September 2017, the average cost of steel purchased for use in the global construction sector increased by 18.7 percent. Less significant changes were noted in the September report, but there was a double-digit increase in the price of steel…
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Electric vehicles drive new nickel and copper projectsJinchuan Group, the largest nickel producer in China, will begin construction on a new project in Guangxi next year to produce raw materials for electric vehicles (EVs), its chairman said. The project, in the southern port city of Fangchenggang, where the Jinchuan plant is already smelting copper…
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Polyus increases gold productionThe largest gold producer in Russia, Polyus, has published another record quarterly report. Third-quarter production increased 16% year-over-year to 642,000 ounces. Gold production in the first nine months of the year reached 1.58 Moz, an increase of 13%, and CEO Pavel Grachev said the company is…
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Brazilian Vale Reports Record Q3 Iron Ore ProductionBrazil's Vale SA, the world's largest iron ore producer, said its production in the third quarter hit a new quarterly record, boosted by increased output at its S11D mine. Iron ore production rose 3.3 percent year-over-year to 95.1 million tonnes, the company said, driven by record quarterly…
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Steel production on the rise in TurkeyAccording to the Association of Iron and Steel Producers of Turkey, in the first nine months of 2017, Turkish steel production increased by 13.5% to 27.7 million tonnes on an annualized basis. In January-September 2017, billet production amounted to 18.9 million tons, which is 9.9% more than last…
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China sees a sharp increase in metallurgical raw materialsChinese iron ore futures rose more than 5 percent on Friday, boosted by rising steel prices in anticipation of larger production cuts from the world's largest steelmaker as China intensifies its war on smog over the winter. However, traders question whether the price strength of steelmaking raw…
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