Metallurgy news

• US aluminum producers' hopes The growing confidence among American aluminum manufacturers is driven by automotive demand, not what President Donald Trump is planning in terms of trade policy. Novelis Inc., the largest manufacturer of flat-rolled products, announced last week that it plans to build a $ 300 million plant in... 30.01.2018  10:01

• The US can indirectly influence the decisions of some EU countries in geopolitical issues In November, the European Commission presented a proposal to amend the EU gas directive, which should clearly state that subsea gas pipelines in the EU are subject to the so-called third energy package. This initiative could jeopardize the profitability of the Nord Stream 2 project. Some EU... 29.01.2018  14:59

• Copper is clearly growing alongside other base metals Copper prices on the London Metal Exchange are rising by almost 1 percent. Higher interest in goods in the markets due to the low dollar prices at which, among other things, copper is valued. Metal on the LME in 3-month delivery was worth $ 7,108.50 a tonne after the opening of trading, but now it... 29.01.2018  14:43

• Rebar and sheet steel prices rise in Northern Europe The rise in scrap prices contributed to the rise in rebar prices in Denmark in January. So far, the mild winter has enabled infrastructure projects to be carried out, which has led to a healthy consumption of rebar and sheet metal. The construction sector operates in Sweden without major weather... 25.01.2018  12:48

• World steel production in 2017 will increase by 5.3% World steel production reached 1,691.2 million tonnes in 2017, up 5.3% from 2016. Steel output increased in all regions in 2017, with the exception of the CIS, where production remained unchanged. Annual production in Asia was 1,162.5 million tonnes of steel in 2017, an increase of 5.4% over... 25.01.2018  12:36

• PJSC "ArcelorMittal Kryvyi Rih" reduced annual steel production and rolled products output Pig iron production at PJSC ArcelorMittal Kryvyi Rih in 2017 amounted to 5.6 million tons against 6.1 million tons in 2016, rolled stock - 5.1 million tons against 5.5 million tons of equivalent steel (taking into account casting and production commercial pig iron) - 6.35 million tons against 7... 24.01.2018  17:57

• Gazprom significantly reduced gas supplies through Ukraine The transportation of Russian gas through Ukraine to European countries fell by 27 percent in January. Gazprom has reduced overall gas exports to Europe, cutting it primarily in the Ukrainian direction. In the period from January 1 to January 20, transit through Ukraine amounted to 4.3 billion... 24.01.2018  09:54

• India's iron ore production drops after two years of growth Iron ore production in the country is projected to decline by 15 percent in 2018 after steadily growing for two consecutive years due to the closure of seven working mines in Odisha, while production cuts in Goa will impact overall production. “During 2016-1917, the production of iron ore a... 24.01.2018  09:33

• The British will help in the construction of Nord Stream 2 The British company DeepOcean 1 UK Limited, which belongs to the tycoon in the underwater construction market - the Dutch DeepOcean Group, announced that it received a contract for a site in Nord Stream 2. It is not yet known how much the contract to excavate the bottom of the Baltic Sea basin is... 23.01.2018  10:55

• Copper supply situation may worsen The metal on the LME is worth $ 7,777.00 per tonne in three-month shipments, after a 0.1 percent increase. “The restrictions imposed in China - due to environmental concerns - cause temporary production pauses for copper in village mills and disputes in copper mines in Chile and Peru, as well as ... 23.01.2018  10:47