Metallurgy news

• 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

• China and EU fail to reach agreement on steel overproduction The EU-China Summit took place in Brussels on Friday, focusing on climate, trade, foreign policy and security issues. The parties once again discussed the problem of overcapacity in the production of steel in China, and also discussed the implementation of Article 15 of the agreement on China's... 02.06.2017  22:36

• NLMK seeks changes in the interpretation of the meaning of "Buy America" Made in the USA. Depending on how this is interpreted, a number of US metallurgical companies may have big problems. Following the "made in the USA" principle literally could shut down NLMK Pennsylvania, says Bob Miller, President and CEO of NLMK USA. What appear to be small differences in... 02.06.2017  15:06

• Italian Ilva will resume steel production in early June Italian steelmaker Ilva announced that the troubled plant in Taranto, southern Italy, has completed maintenance and decontamination work and will resume production in early June this year. Ylva said in a statement that after the restart, the steel mill will initially operate for 1.5 months in... 01.06.2017  10:56

• Exports of steel scrap in China will increase tenfold in April Due to China's environmental protection policy, domestic demand for steel scrap continues to decline and supply continues to rise, leading to a drop in scrap prices. Some traders have started looking to increase their scrap steel exports to the Asian market over the past 2 months as Chinese... 01.06.2017  10:43

• Vale raises production in Q1 Vale's iron ore production reached 86.2 million tonnes in the 1st quarter of 2017, an 11.2% increase year-on-year, mainly driven by the S11D project and the Arta project. In the 1st quarter, nickel production reached 71,400 tons, up 14% from the previous quarter, but down 2.9% from the same... 01.06.2017  10:27

• Successful test of the US missile defense system The Pentagon on Tuesday successfully tested an air defense missile system. The system is used to shoot down intercontinental ballistic missiles (ICBMs) capable of carrying nuclear weapons. This was the first test successfully completed in over three years. About half of previous attempts have... 31.05.2017  10:55

• Indonesia steel production targets 5% growth in 2017 Indonesia's Ministry of Industry is convinced that Indonesia's steel industry will grow this year, in line with estimates of accelerating macroeconomic growth. Indonesia's domestic steel demand was 12 million tonnes last year, driven by infrastructure and construction projects. However, domestic... 31.05.2017  10:41