Metallurgy news

• Citi Bank gives forecast for iron ore prices Investment bank Citi said it has cut its iron ore price forecasts for the current year and next year amid expanding supplies. The bank believes that iron ore must fall below $ 45 per tonne for the market to rebalance. Iron ore, which is trading at just under $ 56, is down 41 percent from its peak... 20.06.2017  09:57

• EU deeply regrets US decision on climate change EU countries on Monday expressed "deep regret" about the decision of the United States of America to withdraw from the climate agreement. The European Commission stressed that the actual implementation of this step will take several years. The EU stressed that the Paris Agreement is not subject... 19.06.2017  22:20

• The main ports of Spain will be paralyzed for another 3 days due to the strike Spain's main ports were paralyzed by a 72-hour strike earlier this month, according to a report from Spain. In addition, the dockers are planning to strike another strike at the odd hours of June 19, 21 and 23. They put heavy pressure on major ports and disrupted the delivery schedule for steel... 19.06.2017  21:13

• Fed interest rate hike will affect base metal prices Experts believe that the Fed's hike in interest rates will affect the metals market and generate significant changes in the future. The Fed's monetary policy is expected to lead to uncertainty in metals prices over the next two years. According to the report, the Fed (Federal Reserve System)... 19.06.2017  21:07

• EU imposed duties on the import of steel bars from Belarus The European Commission on Friday imposed duties on the import of steel reinforcement from Belarus, which, in its opinion, was sold on the European market at dumping prices. According to the EU decision, the imposed import duties over the next five years will protect European producers from... 18.06.2017  12:05

• The global market for refined zinc is in short supply The global refined zinc market experienced a 112,000 tonne deficit in the first four months of 2017, according to data published by the International Zinc and Lead Group (ILZSG). This is compared to a deficit of 20,000 tonnes in the same period in 2016. Global metal demand growth rose 3.7%... 18.06.2017  11:54

• U.S. Senate clears the way for new sanctions against Russia The US Senate overwhelmingly decided in favor of new sanctions against Russia. Thus, according to the Senate, Russia should be punished for alleged interference in the US elections, the annexation of the Crimean peninsula and support for the government in Damascus in Syria. In order to become... 16.06.2017  09:57

• The United States is concerned about the growth of imports of Russian metal The US Department of Commerce will soon present its findings from its steel import investigation. Some experts have speculations that the focus will be, among other things, on the import of cast iron from Russia. Products of the leading Russian manufacturers MMK, Mechel, NLMK and others are in... 15.06.2017  22:31

• The Chinese are interested in Zaporizhstal PJSC "Zaporizhstal" in the framework of the development of partnership relations between the twin cities of Zaporozhye and Yichang (PRC) was visited by a delegation headed by Deputy Mayor Zhou Zhenying. During the visit, the guests got acquainted with the projects for the environmental... 15.06.2017  19:31

• China increases steel production again Steel production in China rose 1.8 percent in May 2017 from a year earlier. Data from the country's bureau of statistics showed that the factories of the world's largest manufacturer are maintaining robust profitability despite government efforts to curb overcapacity. The total volume of steel... 15.06.2017  08:48