Metallurgy news

• Ukraine imports coal from the USA for the first time For the first time in its history, Ukraine has signed a contract with the United States to import coal from this country. This will alleviate energy shortages from cutting off coal supplies controlled by separatists in eastern Ukraine. The contract signed in mid-July between the American coal... 09.08.2017  10:21

• Nickel production in Russia continues to decline BMI Research announced that it has cut its forecast for global nickel production by 5% from 1%, which means that nickel production will be reduced to 243,000 tons from 256,000 tons in 2016. BMI cuts its forecast for production of Russian nickel ore in 2017. In addition, nickel ore production in... 09.08.2017  10:12

• Coal producers report big profits Coal producers in China posted impressive earnings in the first half of this year. Of the 37 Chinese-registered coal mining companies, more than half estimated their profit in the first half of 2017 to be twice as high as in the first half a year ago. Companies attributed this to huge increases... 09.08.2017  09:53

• Shareholders of Poltava GOK allowed to mortgage the property of the complex to attract a loan to the EU At an extraordinary general meeting of PJSC Poltava Mining and Processing Plant (PGOK, Ferrexpo Poltava Mining, Horishnie Plavni, Poltava Region), the shareholders of the largest producer of iron ore pellets in Ukraine agreed to carry out significant transactions as collateral under a loan... 08.08.2017  13:03

• Georgian authorities want to get information from Poles about Saakashvili's whereabouts Georgian authorities have formally made a request to Poland to find out if the former Georgian president is visiting Poland, according to Ukas Apinsky, a spokesman for the district attorney's office in Warsaw. It is known that on Sunday evening Saakashvili met with Ukrainians in Warsaw. The... 08.08.2017  11:42

• Under Trump, US coal industry gets a new lease on life The Trump administration is embarking on one of the oldest and most controversial debates, encouraging coal mining on land owned by the federal government. This is part of the dispute over the wider use of commercial opportunities on public lands. The intervention sparked outrage among... 08.08.2017  10:30

• SSAB achieves best performance in Europe SSAB increased revenue by 20 percent and EBITDA by 68 percent in the first half. Among operating segments, SSAB Europe achieved the best results. In the first half of this year, SSAB's production results are on par with the same period last year. Steel supplies totaled 3.492 million tonnes, and... 08.08.2017  10:06

• Russian Energy Ministry: EU sanctions are illegal The imposition of sanctions by the EU in connection with the supply of Siemens turbines to Crimea is politically motivated and incompatible with international law, according to the Russian Ministry of Energy. The fact is that after the annexation of Crimea to Russia in 2014, the EU bans its... 07.08.2017  12:55

• Iran will significantly increase its iron ore production capacity Iran's crude iron ore production will increase to 100 million tons per year from 75 million tons per year by the end of the current Iranian year (until March 2018). This was announced by the Minister of Mines Mohammad Reza Nematzadeh, speaking at the opening of an iron ore concentrate plant with... 07.08.2017  11:03

• Rebar on the Shanghai Stock Exchange hits a new high Chinese rebar futures jumped 4 percent to a four-year high on Friday, reflecting strong demand for construction material from the world's largest consumer. Rising steel prices have boosted profit margins for Chinese factories, potentially driving growth. Iron ore raw material prices also... 05.08.2017  11:28