Metallurgy news

• Russian Nornickel reduced nickel output by 8% in the second quarter Russia's Norilsk Nickel said on Monday that in the second quarter, consolidated nickel production fell 8 percent from the previous quarter to 49,000 tonnes. The volume of nickel produced from our own raw materials amounted to 48 thousand tons, which is 2 percent less than in the previous... 01.08.2017  10:37

• Four organizers and more than a dozen journalists attended the "protest rally" in Kamenskoye The press service of the public joint-stock company "Dneprovsky Metallurgical Plant" reported on the unsuccessful attempt of the city activists of Kamensky to hold another protest rally. According to representatives of the DMK, the previous rally, held on June 19, gave its organizers the hope that,... 31.07.2017  16:04

• German business circles criticize US sanctions The East German Economy Commission is outraged by the US bill to sanction companies that do business with Russia. “Nord Stream 2 will improve the supply of gas to Europe and help us compensate for the losses in the supply of this raw material as a result of falling production in the EU, and thus ... 31.07.2017  12:22

• ArcelorMittal invests in France ArcelorMittal is investing around € 100 million in its factories in France. This is another step to increase the number of high value-added products. The company will invest 67 million euros in a new steel line for the automotive industry in Florange. It is one of three factories located in the L... 31.07.2017  12:01

• China's steel sector has made great strides in the first half of the year According to experts, thanks to deepening reforms in the country, China's steel industry achieved steady growth in the first half of 2017. This refers to the government's efforts to reduce production capacity and reduce demand for low-quality steel. Steel production in the first half of the year... 31.07.2017  11:54

• Hyundai Steel cut profit by 46% in Q2 Hyundai Steel Co., South Korea's second-largest steel company in terms of sales, said Friday that, due to lower demand in China, its net profit fell 46 percent in the second quarter from the previous year. "As shipments of automotive steel to Hyundai Motor Co and Kia Motors Corp's (China) plants... 30.07.2017  11:30

• ArcelorMittal improves results In the first half of 2017, ArcelorMittal reduced volume but increased revenues and profits. In addition, the company expects to improve performance later this year. Steel shipments in the second quarter reached 21.5 million tonnes, an increase of 2 percent over the previous quarter. Deliveries... 28.07.2017  12:28

• Rusal boosts aluminum sales in the second quarter Russian aluminum producer Rusal reported a 4.6% increase in sales in the second quarter to 1.0 million tonnes and a 22 percent jump in average aluminum prices to $ 2.087 per tonne. On the London Stock Exchange, aluminum prices are up 15 percent this year on stronger demand and expectations that... 28.07.2017  12:15

• China Steel Futures Drop Amid Weak Demand Forecast Steel rebar futures in China eased after a three-day gain in profit, shedding nearly 2 percent on concerns about weak demand amid increased production at smelters. Construction work tends to slow down during periods of hot summer weather, rising again in the fall when temperatures drop before... 28.07.2017  12:04

• Coking coal prices fell in the second quarter Benchmark prices for all coal grades in Q2 2017 were significantly lower than in Q1 this year. In the second quarter of 2017, atmospheric events had a significant impact on the coal market, which significantly reduced supplies from Australia. Negotiations between steelmakers and coal producers... 27.07.2017  12:08