Metallurgy news

• US dollar index hits new high in 14 years As the United States Federal Reserve raised its interest rate, the dollar has strengthened in recent days. In addition, when Donald John Trump won the presidential election, the US dollar index rose 7 points from 95.89 to 102. This was a new high in the last 14 years. All prices for metals such... 20.12.2016  10:52

• Moody's Poor World Shipping Forecast for 2017 Moody 's Investors Service released a negative outlook for global shipping in 2017, driven mainly by continued oversupply of power transport vessels and a 7-10 percent decline in profits. In particular, an oversupply of transport services will remain in the containerized sea freight market, and... 20.12.2016  10:40

• EU Launches Investigation into Corrosion Resistant Steel Import from China The European Commission announced that an anti-dumping investigation has been launched against the import of corrosion-resistant steel from China on behalf of eight corrosion-resistant steel manufacturers, which account for 53% of the total production of similar products in the EU, following a... 19.12.2016  15:34

• World Bureau of Metals Statistics publishes ten months report The global primary aluminum and lead markets registered a deficit during January-October 2016. On the other hand, the copper market recorded a marginal surplus during this period. This is reported by the World Bureau of Metals Statistics (WBMS) in its report for the first ten months of this... 19.12.2016  15:13

• The Ministry of Finance of the PRC will finance up to 70 percent of the amount of M&A transactions in metallurgy The PRC government considered the current volume of the country's steel industry to be excessive, and a decision was made to cut existing production. The program implements a policy of mergers and acquisitions of companies with the aim of their consolidation. It was also decided to pursue a tougher... 19.12.2016  10:14

• India gold imports up 23% in November Official data released by the Indian Ministry of Commerce show a significant increase in gold imports in the country in November this year, compared to the previous year. The fall in domestic gold prices led to a huge increase in demand, which in turn led to high consumption of the yellow... 18.12.2016  12:38

• Rare blue diamond found in Australia Merlin Diamonds have discovered a rare blue diamond at their Merlin mine in Northern Australia. The company says this "small 0.124 carat diamond" demonstrates the potential of valuable colored gemstones. "This is Merlin's first blue diamond," the company said in a statement. Blue diamonds are... 18.12.2016  12:28

• British Steel Dream Sanjeev Gupta, head of the Liberty Steel group, which took over part of Tata Steel's UK assets, announced an increase in steel production to 5 million tonnes over the next five years. He is pinning his hopes on Mel Wilde, who will lead part of the Liberty House steel group from January. The... 17.12.2016  12:54

• Indians block the creation of a copper mine in Ecuador Due to violent protests by local Indians against exploration in search of copper deposits, the government of Ecuador declared a state of emergency in the Panantza-San Carlos area, in the Ecuadorian part of the Amazon, and sent troops and police there. About sixty Shuar Indians attacked the... 17.12.2016  12:35

• Steel prices in the EU rise as costs increase European prices for rolled steel continued to rise in December, driven by a sharp rise in the cost of raw materials. In addition, imports of steel products from third countries were restricted by trade protection measures for hot and cold rolled coils. Chinese deliveries have dropped... 16.12.2016  12:06