Metallurgy news

• POSCO forecast - coking coal price over $ 200 per ton South Korean steel company POSCO said that coking coal prices (benchmark contracts) could reach more than $ 200 per tonne in the second quarter amid rising prices driven by a cyclone in Australia. POSCO had previously expected benchmark prices ranging from $ 150 to $ 170 per tonne in... 20.04.2017  11:53

• China's copper production in March reaches its highest level since December 2015 China's National Bureau of Statistics released sophisticated data on copper production, which rose 8.5 percent in March from a year earlier to 764,000 tons. This is China's highest copper production since at least December 2015, while aluminum and iron ore output levels were lower from a month... 20.04.2017  11:46

• North Korea Steel Sector Assessment Extremely secretive North Korea does not provide data on its industrial strength, but the latest US intelligence data indicate that the country has a fairly stable steelmaking capacity of about 12 million tons per year. However, experts believe that the actual production is much lower than the... 20.04.2017  10:57

• Steel smelting in India to double by 2031 Smelters in India are focused on more metal and fast growth over the next decade. According to the Steel Association in India, steel output will more than double to meet the needs of the growing economy and rapid urbanization of the country. Production is set to grow 10 to 12 percent annually,... 19.04.2017  22:28

• Metal cocktail Audi A8 The body of the next generation Audi Space Frame (ASF) A8 is a multi-piece structure using aluminum, steel, magnesium and carbon fiber. This combination of materials also requires different joining methods. The A8 uses 14 of them, from welding to bonding to sheet metal. Hot rolled steel parts... 19.04.2017  12:20

• China is considering building a nuclear aircraft carrier "China owns one aircraft carrier (Liaoning), and will soon receive a second, and is also considering the possibility of building a nuclear aircraft carrier," the official newspaper People's Daily quoted a Chinese military expert as saying on Friday. "For the construction of the third aircraft... 18.04.2017  10:39

• Merger of Tata Steel and ThyssenKrupp in jeopardy Negotiations between Tata Steel and Germany's ThyssenKrupp to merge their European steel operations have been ongoing for several months, but significant obstacles remain. Germany's largest union, IG Metall, confirmed this week that it foresees "high risk" amid fears that the merger will result... 18.04.2017  10:22

• Beijing warns domestic metallurgists of "attacks" on overproduction China's steel mills need to prepare for even tougher government overproduction measures this year to make "fundamental" progress in sector reform. “Although the capacity reduction targets were met last year, the problem of overcapacity in China's iron and steel sector has not fundamentally been i... 18.04.2017  10:02

• Exports of Russian gas are growing In the period from early January to April 15, 2017, Russian gas exports amounted to 58.5 billion m3, which is 14.7 percent higher than in the same period last year. A number of EU countries saw a significant increase in gas demand compared to last year. Gas sales are expected to increase by... 18.04.2017  09:33

• Coking coal price jumps to six-year high The price of coking coal rose again on Thursday by 4.6% to $ 314.00 per tonne due to constant supply disruptions due to a tropical storm in Australia. This is the highest coking coal price since the second quarter of 2011, when price spikes caused floods in Queensland, pushing quarterly contract... 14.04.2017  11:48