Metallurgy news

• China's industrial profits increased significantly in 2016 China's industrial profit rose 9.4 percent over the previous year. An expert from the country's statistical office noted that "the growth was mainly due to the recovery of prices in the raw materials industries, such as oil refining and mining and metallurgy." Profits from January to November... 05.01.2017  13:30

• EU dependence on energy imports is growing In the EU, imports of fossil fuels, including coal, oil and gas, are growing steadily, and production is falling in contrast to the rest of the world. These are the findings of the European Commission's latest statistical yearbook on EU energy. According to this study, energy production in the... 05.01.2017  12:19

• Analyst: there are no signs of stopping the rise in oil prices The oil market started 2017 with a continuing increase in 2016. In the coming weeks, investors will focus on the fact that OPEC producers and outside the organization will actually begin to implement provisions on limiting the supply of raw materials. “The reports from Kuwait and Oman have been p... 04.01.2017  12:07

• Stainless Steel Producers Raise Prices Significantly Stainless steel prices are rising rapidly due to improved demand and higher raw material costs, which are at least half as much as last year. This leads to higher prices for manufacturers of finished products. According to analysts at MEPS International, moderate demand is pushing prices up on... 04.01.2017  11:46

• Good forecasts for metals for Q1 2017 The first quarter of the new year can be a good time for industrial metals. Copper on the London Metal Exchange (LME) traded at the open of trading at $ 5492.00 a tonne and rose to $ 5500.00 at the close on Tuesday. It is worth noting that in the fourth quarter of 2016 the increase in copper... 04.01.2017  11:08

• China's industrial growth beat forecasts China's PMI is at its highest level since 2013 according to the latest results. Industrial production in China rose stronger-than-expected, thanks to increased demand in December last year. The Caixin /Markit Purchasing Managers Index released on Tuesday rose one point to 51.9 on a seasonally... 03.01.2017  16:53

• Turkey has the ability to increase steel exports Improved markets in Europe, the United States and the Far East have led to an increase in Turkish steel exports. The relatively low prices for scrap metal will especially help to improve its competitiveness. According to the Association of Turkish Steel Exporters, the situation in the... 03.01.2017  10:46

• China: smog canceled hundreds of flights and closed routes The smog in Beijing is so thick that you cannot even see buildings in the immediate vicinity. Going out into the street, residents put on various masks. The smog forced Chinese authorities on Sunday to cancel hundreds of flights at airports in Beijing and Tianjin, as well as to close some... 02.01.2017  12:09

• Russia dreams of creating a steel giant Alisher Usmanov, the owner of Metalloinvest, believes that Russia should create the largest metallurgical company comparable to Gazprom. This requires the amalgamation of existing companies. Now Metalloinvest is going to invest in the modernization of its plants. There is an oil giant and a gas... 02.01.2017  11:51

• PJSC "Zaporizhstal": production results in December and for 12 months of 2016 In December 2016, PJSC Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel, 267.4 thousand tons of rolled products. In January-December 2016, 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel, 3367.9 thousand tons of rolled products. ... 02.01.2017  11:20