Metallurgy news

• Commodity prices fell to 50-year lows against US stocks The Dow Jones, S&P 500 and Nasdaq indices closed at all-time highs last week, despite indications that US job growth is slowing and that the expansion of the world's largest economy is stuck at around 1%. Unlike stock indices, all commodities are still flat in 2017, although prices for energy,... 07.06.2017  12:30

• The largest steelmaker is experiencing a shortage of reinforcing steel “The elimination of some induction furnaces has indeed led to a shortage of rebar in China,” said Xu Huimin, an analyst at Huatai Futures Co. in Shanghai. There are signs of a potential shortage of nationwide rebar stocks, although analysts say this trend could reverse as other manufacturers inc... 07.06.2017  12:11

• Single gas market of Poland and Ukraine The Poland-Ukraine gas pipeline should be created as soon as possible, since a single gas market and a gas hub are a strategic goal of the Polish and Ukrainian states. Thanks to the Polish PGNiG's investments in Ukraine, gas will be able to flow from all directions. The planned merger of the... 07.06.2017  11:52

• Ilva will join the consortium ArcelorMittal and Marcegaglia Italian Industry Minister Carlo Calenda selected the consortium of ArcelorMit5tal and Marcegaglia as the buyer, which offered 1.8 billion euros for the acquisition of the Italian steel mill ILVA (Ilva) in Taranto. In addition to the purchase price, the consortium announced an investment of € 2.3 ... 06.06.2017  14:42

• India is the world's second largest producer of stainless steel India overtook Japan to become the world's second largest stainless steel producer. The first is, of course, China. India produced 3.324 million tonnes of stainless steel last year, while Japan produced 3.093 million tonnes, according to the International Steel Stainless Forum. A year earlier,... 06.06.2017  14:28

• Russian wheat prices are growing amid negative forecasts Russian wheat export prices are rising for the third straight week amid persistent concerns over wheat harvests in Russia and Ukraine this summer, analysts say. Last week, the Ministry of Agriculture of the Russian Federation lowered the forecast for the grain harvest for 2017 in Russia to... 06.06.2017  14:19

• USA imposes duties on seamless pipes from 6 countries According to the US Department of Commerce, preliminary anti-dumping and countervailing investigations have been carried out on the import of seamless pipes damaging the domestic industry from China, Germany, India, Italy, South Korea and Switzerland. Among them, anti-dumping duties for China... 05.06.2017  11:33

• Iron ore prices continue their downward trend Global iron ore production maintains a surplus, causing iron ore prices to fall this year and traders expect prices to fall further amid weak demand. For large miners such as Vale, Rio Tinto and BHP Billiton, falling iron ore prices make their business more difficult as the iron ore market fell... 05.06.2017  11:25

• Stainless steel prices are falling In all geographic regions, stainless steel products are falling in price, mainly due to lower raw material costs. Thus, buyers minimize their purchases as they expect values ​​to decline. Transaction figures rose during the first months of 2017, stimulating speculative buying at specialist cen... 05.06.2017  11:15

• Steel production in Ukraine falls by more than 17% in 2017 Steel production in Ukraine fell 17.7 percent year on year in January-May this year to 8.7 million tons. Steel production rose 5.5 percent in 2016 to 24.2 million tonnes as the industry rebounded after a sharp drop in 2015 due to the conflict in eastern Ukraine, where most of the country's steel... 04.06.2017  13:05