Metallurgy news

• Copper price remains volatile amid strikes by the world's largest mines Recently, the three largest copper mines dealt a blow to the supply to the global market. The Escondid copper mine in South Africa and the Cerro Verde copper mine in Peru have announced their intentions to continue their efforts, and the Indonesian Grasberg copper mine has even stopped exports. The... 25.03.2017  08:06

• China is again the culprit behind the growth in global steel production According to the World Steel Association, 126.6 million tonnes of steel were produced in February, up 4.1 percent from a year earlier. Increased production in China offset the drop in steel output in the European Union and North America In February, the Chinese produced 61.187 million tons of... 24.03.2017  16:37

• Worldsteel presented the results of global steel production in February 2017 World crude steel production from 67 countries reported by the World Steel Association (Worldsteel) grew 4.1% in February 2017 compared to February 2016 to 126.6 million tonnes China's crude steel production in February 2017 was 61.2 million tonnes, up 4.6% from February 2016. Japan produced 8.3... 23.03.2017  11:11

• Ukrainian companies buy coking coal in Canada Ukrainian companies imported CAD 48.2 million worth of coking coal ($ 36.2 million at current exchange rates) in January 2017, while no coking coal was imported in January 2016, as Canadian Ambassador to Ukraine Roman said. Wascheck. He said British Columbia has large coking coal reserves and... 23.03.2017  10:57

• Workers at Cerro Verde copper mines in Peru plan to resume strike Striking Freeport-McMoRan workers at the Cerro Verde copper mine in Peru, who were forced to return to work on Thursday following a labor ministry ruling, decided to restart the strike on March 24, a union official said. The 13-day strike of 1,300 miners, which began on March 10, was declared... 23.03.2017  10:36

• E-United Group plans to build a metallurgical plant in the USA E-United Group, one of Taiwan's leading steel makers, announces that it plans to invest around NT $ 50-60 billion to build a steel plant in the United States. The US investment project plan is mainly based on the company's long-term development strategy for expansion and future sustainability.... 23.03.2017  10:14

• INGS: global nickel deficit amounted to 1,100 tons The International Nickel Study Group (INSG) reports that in January 2017, the global nickel market continued to experience a supply deficit of 1,100 tonnes. In January, global consumption of refined nickel reached 170,100 tons, up slightly from 169,000 tons in the same month. At the same time,... 22.03.2017  12:10

• China's Hebei Steel Gets Approval for $ 6 Billion Modernization Project Hebei Steel Group, the largest steel producer in China, has received approval for a 42.4 billion yuan ($ 6.2 billion) project, which will reduce its steel production capacity by almost 2 million tons by upgrading old technologies. China, the world's largest steel producer and consumer, is... 22.03.2017  12:03

• OMK continues to modernize its pipe production The Russian Pipe Company (OMK) announced that it continues to carry out a full range of modernization and technical re-equipment of equipment for the production of pipe products at its subsidiary AO VMZ, Vyksa Metallurgical Plant. It is planned to fully modernize the existing production of... 22.03.2017  10:07

• Italians have come to an agreement with Gazprom Russian gas company Gazprom and Italian energy company Eni signed a Memorandum of Understanding on Russian gas supplies to Italy. The southern corridor is very important for Moscow, as this can prove the need to build a new supply route bypassing Ukraine. According to Gazprom head Alexei Miller,... 22.03.2017  09:31