Metallurgy news

• Higher Coal Prices Help Mechel Achieve Third Quarter Net Income Russian coal and steel producer Mechel said higher prices for its products provided net profit in the third quarter after losses a year earlier. Higher coal prices are underpinned by Mechel, which borrowed heavily even before the Russian economic crisis in 2014 and then struggled to keep debt... 29.11.2017  11:22

• Coal continues to rise in value Metallurgical coal prices reached $ 200 per tonne amid high global steel output and the tropical cyclone season in Australia. The coking coal price closed yesterday at $ 200.5 per ton. Last week, its price rose by 6.2%, in addition, the growth has been taking place for the fifth week in a row.... 28.11.2017  10:19

• US environmentalists fight against Canadian copper mine approval To preserve the scenic landscape of Santa Rytas, the Center for Biological Development and other environmental organizations have filed a lawsuit in federal court in the hope that it will overturn the US Forest Service-approved Rosemont Project in southern Arizona. The $ 1.5 billion Rosemont... 28.11.2017  10:04

• A specialized repair company will appear at ArcelorMittal Kryvyi Rih ArcelorMittal Kryvyi Rih, on the basis of its seven workshops, is creating a specialized repair company, Foundry and Mechanical Plant LLC (LMZ), whose main activity will be the repair business. The creation of LMZ began in November 2017 and is scheduled for completion in April 2018. LMZ will... 27.11.2017  12:14

• Chile raises copper price forecast for 2018 Chileans raised their copper price forecasts over the next 12 months on expectations that stronger demand growth from China would support it globally. “Higher demand from China is projected due to higher GDP growth than anticipated in the first half of the year,” Cochilco said in a sta... 27.11.2017  11:14

• China pushes global steel production in October According to a report by the World Steel Association (WSA), global steel production rose in October amid strong production growth in China, the world's largest steel producer. Higher production volumes also supported smelting growth in India, the United States and Europe. Steel production in 66... 27.11.2017  10:35

• The world's largest copper producer Codelco cuts production Chilean state-owned copper company Codelco said it produced slightly less copper from January to September 2017 than in the same period a year ago, but profits recovered year-on-year as metal prices improved. According to ratings agency Moody's, based on the company's annual release through June... 25.11.2017  11:05

• Mitsubishi admits to tampering with the quality of its brass and copper components Mitsubishi Materials has admitted that it has been falsifying data on several products for over a year, including components used in cars and airplanes, a logical continuation of the industrial scandal initiated by the country's third largest steel company, Kobe Steel. A month ago, Kobe Steel... 24.11.2017  12:33

• Oil prices are rising Oil prices rallied on Wednesday after reports of a drop in US oil inventories and expectations of OPEC production cuts aimed at tightening the market to be expanded after next March. Brent crude futures, the international benchmark for oil prices, were $ 63.07 a barrel, up 50 cents, or 0.8... 23.11.2017  11:29

• Global platinum market faces deeper deficits in 2018 The WPIC predicts a 1% drop in global platinum supply throughout 2017. Reduced production in South Africa, Zimbabwe, Russia and North America will result in a 2% decline in total production. Global platinum demand is expected to decline sharply by 6% in 2017 to 7,845 Koz. The report predicts a... 23.11.2017  11:21