Metallurgy news

• China plans to close 6,000 mines China will close 6,000 non-coal mines by 2020 in an effort to reduce accidents and fatalities, the State Occupational Safety Administration said in a five-year plan. Beijing will aim to reduce major accidents by 15 percent by 2020 from 2015 levels in the sector, the occupational safety statement... 28.08.2017  10:14

• India strengthens its position in the global aluminum market Aluminum production in India is set to grow at an average annual growth rate (CAGR) of 3.5% over the next 2-3 years to meet growing domestic demand, according to a published report. India is one of the cheapest aluminum producers in the world due to the easy availability of raw materials and... 28.08.2017  10:14

• Iron ore concentrate prices in China rise to four-month high China's domestic iron ore concentrate prices rose another 2.2% last week, hitting their highest level since April 7, while domestic suppliers are looking forward to a strong market in September. Iron ore concentrate price increases, while reaching a four-month high, were very modest as domestic... 28.08.2017  10:05

• US Ambassador to Ukraine: Ukraine is not ready to join NATO Ukraine is not yet ready to join NATO, - said the US special envoy for Ukraine's Kurt Volcker in an interview. “I respect Ukraine, but I don’t think that it is ready to join NATO, or that NATO was ready to accept it in the current situation,” Volcker said. “Both the United States and the Europea... 27.08.2017  11:23

• US weekly coal production hits 2017 high Weekly US coal production for the week ended Aug. 19 was 17.02 million tonnes, up 3.4% from the previous week and 12.3% from a year ago, according to data from the US Energy Information Administration. (EIA). It was the highest weekly estimate since the start of the year, and for the first time... 26.08.2017  12:00

• Chinese scientists make breakthrough in ultra-high-strength steel technology Chinese scientists said they have developed a super steel that has high levels of strength and ductility. This breakthrough can have a wide variety of industrial applications. In addition, the cost of the new material is only one-fifth of the cost of steel used in modern aerospace and defense... 26.08.2017  11:52

• Steel producer rating in July 2017 According to the results for January-July 2017, global steel production amounted to 977.321 million tons, an increase of 4.6% compared to the same 7 months of 2016, when smelting amounted to 933.976 million tons, according to the World Steel Association. Top 12 best steel producers in July... 25.08.2017  11:45

• World steel production is growing World steel production from 67 countries reporting to the World Steel Association (Worldsteel) was 143.2 million tonnes in July 2017, up 6.3% from July 2016. Steel production in China in July 2017 amounted to 74.0 million tons, which is 10.3% more compared to July 2016. Japan produced 8.6... 25.08.2017  11:20

• Auto concern Ford Motor Company will recall 37 thousand cars in China The automaker Ford plans to recall about 37 thousand vehicles from the Chinese car market due to a malfunction in the steering system. The Explorer range produced from November 2012 to June 2016 reportedly had a technical problem in the steering wheel. As it turned out, after prolonged taxiing... 24.08.2017  16:01

• Steel Companies Expected Exceptional Q3 Profits UOB expert Kay Hian Research predicts an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year. This is due to the continuing rise in steel prices during the month. “Assuming the costs of fundraising are reasonably controlled, some steel companies' t... 24.08.2017  11:44