Metallurgy news

• Deutsche Bank predicts an increase in iron ore prices until the second half of 2017 In 2016, commodity prices made an impressive comeback, especially iron ore prices. After several years of recession, they jumped nearly 90%, boosted by a combination of increased steel production in China, falling production and a flurry of speculative trading activity in the Chinese futures... 01.02.2017  11:01

• Moon Express ready for first private trip to the moon after new investment Moon Express, the first US private space exploration firm to receive government approval to go beyond Earth's orbit for a trip to the moon, scheduled for late 2017. Fresh funds will allow Moon Express to solve unexpected problems associated with landing a spacecraft on Earth's only natural... 01.02.2017  10:24

• Russia to appeal against EU decision on anti-dumping duties on steel Russia applied to the WTO on the issue of anti-dumping duties imposed by the European Union on Russian steel. According to Russia, the EU violated a number of WTO provisions. The Russian side believes that the European Commission committed many violations of the WTO rules during the anti-dumping... 01.02.2017  10:04

• Dneprospetsstal: production results in December 2016 and results in 2016 In December 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21,385 tons of steel, which is 12.3% higher than the level of the previous month. During the same period, the Enterprise produced 13 620 tons of rolled products, which is 6.5% more than in N... 31.01.2017  15:54

• German automakers sell one in three cars in China German car sales in China have tripled since 2009, to five million units. More than a third of the global car sales of Volkswagen, BMW and Daimler are associated with the People's Republic of China. German automakers already sell one in three cars in China, a study shows. A year earlier, the share... 31.01.2017  10:54

• Belarus to increase export duties on oil from February Belarus will increase export duties on oil and petroleum products in markets outside the Eurasian Economic Union starting in February, the press service of the government said. The export duty on crude oil will range from USD 79.1 to USD 89.5 per tonne. The duty on gasoline will increase from $... 31.01.2017  10:10

• By the end of 2017, an increase in the price of nickel and stainless steel is projected In a new report, independent research house Capital Economics predicts that of all industrial metals, the price of nickel has the best growth prospects. Nickel is an important raw material for the production of stainless steel products, such as a circle, square, hexagon, stainless steel angle and... 31.01.2017  09:56

• Chinese Hesteel Group may buy a metallurgical plant in Slovenia United States Steel Corporation, the current owner of the largest Slovak steel mill in Kosice, signed a memorandum of cooperation with the Chinese company Hesteel Group. According to Slovak media, this will lead to a change in the ownership of the steel production. The fact that US Steel wants... 30.01.2017  11:26

• Improving prospects for the iron and steel industry in Russia Major Russian metallurgists expect 2017 to be the best year for the industry as the national economy grows thanks to firmer oil prices and higher steel prices. Companies have suffered over the past two years, as global steel prices hit 11-year lows and the country's economic crisis eroded... 30.01.2017  11:00

• Largest steel producers in 2016 China continues to be the world's largest steel producer for a year, followed by Japan and India in second and third places. Global production totaled 1.604 billion tonnes throughout 2016, an increase of 0.7% over the previous year. The World Steel Association (Worldsteel) has released a list of... 30.01.2017  10:03