Metallurgy news

• Chilean miners provide support to copper prices in London Copper on the London Metal Exchange received a higher price in response to a long strike in Chile from the Escondida copper mine. Metal on the LME for 3-month delivery traded at $ 5840.50 a tonne, after a 0.4 percent increase. Two months ago in Chile, a strike of 2,500 miners began at the... 15.03.2017  12:04

• Vale mothballs century-old nickel mine in Ontario Vale says a combination of factors led to the decision to close the Stobury mine in Sudbury, Ontario, including metal prices, mining inefficiencies, and recent seismic activity that has kept workers from sinking lower to mine. After 100 years of operation, the mine has come to the end of its... 15.03.2017  11:35

• Chinese steel exports hit three-year low in February Shipments of steel products from China in February this year fell to their lowest level in the last three years. At the same time, exports fell sharply compared to the previous month and the corresponding period last year. The country exported 5.75 million tons of steel in February, down 22.5% from... 15.03.2017  10:27

• ThyssenKrupp announces net income ThyssenKrupp Germany reportedly issued a financial report in February of the current fiscal year 2016/2017, which states that it made a profit in the first quarter (October-December 2016). ThyssenKrupp's sales and profits have been improved over the same period last fiscal year. After adjustments,... 14.03.2017  10:42

• Brazilian iron ore exports fell in February Brazilian iron ore exports totaled 25.73 million tonnes, down 14.1% from the same period last year. In February, exports of Brazilian iron ore reached $ 1.47 billion, an increase of 114.3% over the same period last year. In February, exports of semi-finished products from Brazil totaled 822,605... 14.03.2017  10:22

• EU expects further increase in steel prices Anti-dumping duties have significantly changed the delivery map in the region. EU distributors are forced to look for goods mainly from local steel producers due to the elimination of popular import routes. The market situation is self-regulating through further price increases. The main reason... 14.03.2017  10:06

• EU assesses the need to introduce new duties on steel imports EU steelmakers indicated that they are examining statistics on steel imports released by customs to assess the need for an anti-dumping investigation on steel imports from Iran, India, South Korea and Turkey. The European Metallurgical Union said that the European Commission should take measures... 13.03.2017  10:03

• Friction Rises in Iran Over Export Duty on Iron Ore The Iranian Association of Iron Ore Producers and Exporters (IROPEX) believes the Iranian government should cancel plans for an export tax on iron ore. According to previous news, Iran's Ministry of Mines and Trade announced last December that it is planned to introduce a 10% duty on iron ore... 13.03.2017  09:51

• Strikes in mines in Chile and Indonesia lead to shortages of copper concentrate Supply disruptions at two large mines in Chile and Indonesia have caused a global shortage of copper concentrate. The disputes at the Escondida and Grasberg mines have "had a major impact on the global supply of copper concentrate," the Financial Times reported, adding, "For the first time in 15... 13.03.2017  09:29

• Turkey more than doubles wire rod exports in January According to the Turkish Statistical Institute (TUIK), in January, wire rod exports from the country amounted to 148,790 tons, an increase of 106.4% over the same period last year and 111.4% over the previous month. At the same time, exports generated US $ 65 million, an increase in monetary terms... 12.03.2017  11:29