Metallurgy news

• Miners benefit from rising commodity prices Two of the world's largest mining companies, BHP Billiton and Anglo American, reported skyrocketing profits, fueled by rising commodity prices. BHP's half-year profit was $ 3.24bn (£ 2.6bn), up from $ 412ma a year earlier. Chief Executive Officer Andrew McKenzie said the strong results also ... 22.02.2017  11:58

• Scrap metal deficit in Ukraine may reach 1 million tons in 2017 According to the forecast, in 2017, 2.9 - 3.1 million tons of scrap metal will be procured in Ukraine, which is less than the actual supply to Ukrainian plants in 2016, which amounted to 3.2 million tons. In addition, this is significantly less than the demand in 2017, which, according to... 22.02.2017  11:41

• Iran announced its intention to sell oil to Russia Iran has announced that it will sell 100,000 barrels of oil per day to Russia over the next 15 days, receiving half in cash and half in goods and services, according to the Iranian Student News agency. The details of the agreement were presented by Iranian Oil Minister Bijan Namdar Zangane after... 22.02.2017  10:56

• Steel prices in the EU have not yet reached their peak MEPS International Limited believes that the limited supply in the European market is the main reason for the rise in flat steel prices. In the case of some products, further increases are possible, while imports are becoming more attractive. European manufacturers are planning to raise prices... 22.02.2017  10:39

• The United States reduced the export of ferrous scrap Turkey, the largest importer of US scrap metal, cut purchases by more than one-fifth in 2016. The latest data released by the US Bureau of Statistics and the International Trade Commission show a decrease in the supply of ferrous scrap outside the country during the year 2016. US scrap metal... 21.02.2017  11:06

• 10 largest copper mines in the world These mines have benefited the most from the recent surge in copper prices. This analysis covers the most significant active copper mining operations worldwide. For a more accurate comparison, copper operations have been divided into underground and open pit mining, as these mining methods use... 21.02.2017  10:47

• Gazprom Selects Pipe Suppliers for Power of Siberia Russian gas company Gazprom has selected six pipe suppliers for the construction of the Power of Siberia gas pipeline. The contracts are worth over a billion dollars. The tender includes the supply of 549.233 thousand tons of large-diameter pipes for 65.8 billion rubles. The delivery of the... 21.02.2017  10:20

• Vietnam's TDA Expands Coated Steel Sheet Production Vietnam's Ton Dong Corporation (TDA) plans to increase its coated steel sheet production capacity, which is expected to reach an annual production of 1 million tonnes between 2018 and 2019. At present, the annual production of TDA steel was about 400 thousand tons, including a cold rolling mill,... 20.02.2017  11:52

• Steel imports from the East - threats and consequences for Europe The EU steel industry has long perceived steel imports from China as a serious threat. But also the supply of steel from Ukraine and Russia is harmful to the European metallurgical industry. According to Krzysztof Kuklicza, CEO of the Polish company Sambud-2, trade from the east requires solutions... 20.02.2017  11:39

• Nickel prices are rising London Metal Exchange LME recorded an increase in nickel price to the level of US $ 10,500 /t in early February. Trading data reached about US $ 11,000 /t during the past week, up 4.4% from the previous week. In addition, nickel prices were up 5.2% from the previous month. With China's steel... 20.02.2017  11:07