Metallurgy news

• China bought tons of North Korean coal North Korea's major trading partner imported 1.64 million tonnes of coal in August, despite an alleged embargo imposed by Beijing to comply with UN sanctions aimed at ending Pyongyang's nuclear ambitions. According to CNN, while China announced in February that it would cut off all coal... 29.09.2017  11:52

• Copper prices influenced by large supply Copper prices fluctuate on the London Metal Exchange. However, it could be the fourth week that copper ends with a decline in prices. So far, metal on the LME in 3-month deliveries is worth $ 6,423.50 per tonne, but earlier it lost 0.7% to $ 6,394.00 per tonne. There is a large stock of this... 29.09.2017  10:30

• Polish coal exporter forced to import raw materials from the USA A domestic coal shortage has forced Poland's largest coal exporter, Weglokoks, to order shipment from the United States so that it can fulfill contracts with foreign buyers. Weglokoks said Wednesday that it plans to resell imported US coal abroad, mainly to the Czech Republic, Slovakia, Hungary,... 28.09.2017  09:30

• China to revoke over 1,000 iron ore licenses amid tackling pollution Iron ore prices resumed on Wednesday after China announced that it would revoke about a third of its iron ore licenses, mostly to small, outdated enterprises. Lei Pingxi, chief engineer of the China Metallurgical Association of Mines, said the measure would affect about 1,000 small mines, most... 28.09.2017  09:01

• Competition for oil and gas fields intensifies in Syria The Russians are strengthening their positions in Syria on the left bank of the Euphrates. This is technically related to the attack on IS, but many experts believe it is a rivalry mainly between US-backed forces and a coalition of Russia and government forces to develop the Euphrates Valley and... 27.09.2017  10:26

• European stainless steel spending hits four-month highs in October According to the latest mill announcements, monthly premiums for flat products made from austenitic stainless steels will reach a four-month high in Europe in October, driven mainly by the recent rise in nickel prices. The rally in the nickel price is responsible for much of this gain in recent... 27.09.2017  10:14

• Thyssenkrupp and Tata Steel look to lead the sheet metal market in Europe In a joint venture, Thyssenkrupp and Tata Steel will merge their European steel businesses. Both companies will have an equal stake in the new company, which will become the second largest steelmaker in Europe. The aim of the companies is to create a leading European player in the production of... 27.09.2017  09:22

• Steel production in Poland is growing rapidly Steel production in Asia is growing faster than in Europe. Poland, on the other hand, increased production by almost one fifth. In Poland, 910 thousand were produced. tons of steel, up 18.1 percent for the year. Taking into account all 8 months of the year, the growth is even greater and amounts... 26.09.2017  10:33

• China's largest steel mill plans to expand capacity China's largest steelmaker, which was created a year ago by merging two large steel mills, is trying to increase its total annual capacity from its current 60 million tons to 100 million tons, the CEO said. China Baowu Steel Group Corp's ambitious plan, currently ranked as the world's second... 26.09.2017  10:10

• Iron ore can drop to $ 50 Iron ore re-entered the downtrend after the publication of the largest weekly price loss in 16 months amid concerns that record demand in China could weaken as steel production cuts in winter are introduced and the economy could slow growth. This will mean lower demand for iron ore. Prices fell... 26.09.2017  09:14