Metallurgy news
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After a year of growth in coal production in the United States, a decline is notedDespite all the talk of a return of coal under President Donald Trump, actual growth in U.S. production began months before the November elections and continued to rise until recently, but recent weeks have not been as good. Last year, China embarked on a production-cut approach of its own, sending…
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Russian NLMK increased steel output by 8% in the third quarterRussia's largest steelmaker NLMK said on Monday that its output in the third quarter rose 8% year-on-year to 4.4 million tonnes. The steelmaker, controlled by Russian billionaire Vladimir Lisin, also said its sales in the third quarter rose 1% on an annualized basis and in the third quarter to more…
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German court: Opal is available to GazpromA court in Düsseldorf confirmed its July decision to lift the ban on the auction for the additional capacity of the Opal gas pipeline. According to the operator, this court decision is final. This means that gas from Nord Stream will be able to flow to the south of Europe more than before. The…
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In October, Ukraine plans to produce 2 million tons of steelIt is expected that in October the volume of steel production in Ukraine will be about 2 million tons, remaining at the same level as in September. Steel production in Ukraine for the first nine months of 2017 decreased by 13.5% to 15.8 million tons at an annual level. Steel production in 2016…
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China imports over 100 million tons of iron oreIron ore imports to China rose to a record high in September. In addition, the country's drive to clean up the environment has fueled demand for higher quality materials from overseas, exacerbating the plight of local mines. Prices have increased. According to customs officials, purchases of iron…
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Copper prices remain highCopper prices on the London Metal Exchange are stable and maintain their highest level in 5 weeks. There are concerns about a possible shortage of metal. Copper on the LME with 3 months shipping costs $ 6803.00 per ton, brokers say. On the Shanghai Metal Exchange, copper rose 1% on the last day of…
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China began to carry out winter steel production cuts a month earlierIn China's largest steel city, Tangshan, factories were ordered to cut production a month earlier than expected to meet tough air quality targets in 2017, according to a notice issued by the municipal government. The central government announced in August that 28 cities in and around Hebei will be…
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Anti-dumping import duties on cold rolled stainless steelThe Malaysian government has imposed temporary anti-dumping duties on cold rolled stainless steel imports from China, South Korea, Taiwan and Thailand, establishing sufficient evidence to continue their investigation. The duties, which range from 7.27% to 111.61%, and will be valid for no more than…
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Fed policy boosts commoditiesFederal Reserve Chairman Janet Yellen noted that she will continue to raise interest rates and begin to cut the balance sheet. Under normal circumstances, this policy should lower commodity prices. But this is not happening. In recent history, the balance sheets of the major four central banks -…
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Ukraine harvested grain from 78 percent of the areaUkrainian farmers have harvested 43.7 million tonnes of grain with an average yield of 3.86 tonnes per hectare this year, the agriculture ministry said on Tuesday. Farmers, as of October 10, dropped 78 percent of the grain from the 14.6 million hectares planted with grain. The ministry said farmers…
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