Metallurgy news

• The situation in the Chinese steel market may lead to an increase in world steel prices Chinese steel mills enjoy strong margins as they continue to benefit from the government's displacement of induction furnaces. The country's demand for steel products is also boosted by a robust housing market. But how long will these market conditions last? The main factor this year has been... 16.07.2017  11:34

• Trump ponders quotas and tariffs on steel imports President Donald Trump told reporters that the US could use quotas and tariffs to prevent illegal dumping of steel in the US market, according to a CNBC report. “There are two ways - quotas or tariffs. Perhaps I will do both, ”said Trump, according to excerpts from his conversation with rep... 16.07.2017  11:14

• Iron ore prices hit 10-week high in China Iron ore is once again making an explosive rally that has put it back in a bull market, with prices now trading near $ 66 /t. Qingdao's 62% iron ore added $ 1.86 a night to $ 65.91, the highest level since early May and 20% more than this year in mid-June. Today, however, prices are 16% lower... 15.07.2017  12:54

• What will be the wheat harvest in Russia and Ukraine? Russia and Ukraine began harvesting wheat after rains caused a significant delay, analysts and traders say. Traders are looking at whether the Black Sea region and European wheat will be able to offset the US supply decline that pushed wheat prices to a two-year high last week. The US Department... 14.07.2017  10:59

• Reasons for the fall in steel exports from China Trade measures targeting China have already been implemented around the world and are hurting the country's ability to export steel abroad. But this is mainly caused by domestic politics, which is responsible for the drop in exports, since millions of tons of basic construction steel are closed by... 14.07.2017  10:41

• Iron ore victory is temporarily over Iron ore markets have gone down again, falling after three days of strong gains. The price of iron ore with 62% iron content fell 2.06% to $ 64.05 per tonne, and with 58% iron ore fell 1.15% to $ 44.69 per tonne, while Brazilian ore fell from 65% iron content reversed this trend with an increase of... 14.07.2017  10:20

• India launches 12 investigations into Chinese steel imports India continues to strive to accelerate its efforts to protect the manufacturing sector, with 12 investigations into Chinese steel product imports launched this year. At the same time, the volume of bilateral trade between China and India continues to grow, according to the latest statistics... 13.07.2017  11:42

• Rusal predicts widening global aluminum deficit in 2018 Oleg Mukhamedshin, director of strategy, business development and financial markets at RUSAL, told reporters on Wednesday that the global deficit in aluminum supplies is expected to increase from 1.3 million tonnes this year to 1.7-1.8 million tonnes in 2018 year. Rusal is the world's second... 13.07.2017  11:20

• Australia to buy out coal mining license from China's Shenhua Under pressure from farmers and environmentalists opposed to mining on key agricultural land, a spokesman for the Australian state of New South Wales said Wednesday that it intends to buy out half of the coal exploration license from China Shenhua Energy Co Ltd. The government of Australia's... 13.07.2017  11:06

• Steel consumption and exports are growing in India Steel consumption in India rose 4.6 percent to nearly 21 million tonnes in April-June (first quarter) of the current fiscal year, compared to the same period in 2016. While steel exports in the country increased by almost 66 percent in April-June, the ministry said in a report. The ministry's... 12.07.2017  12:43