Metallurgy news

• 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

• Ukraine canceled the export registration of scrap metal The Cabinet of Ministers of Ukraine canceled the system of registration of foreign economic contracts for operations with scrap metal by its Resolution No. 1035 dated December 28, 2016. Interfax-Ukraine reports. "The decree cancels the mandatory bureaucratic procedure for such registration,... 30.12.2016  16:07

• Rosneft acquires stakes in three refineries in Germany With direct involvement in three refineries in Bavaria, Brandenburg and Baden-Württemberg, Rosneft will be able to control 12 percent of Germany's capacity, the state-controlled Russian company said. Rosneft Germany will thus become the third largest company in the oil refining market in the ... 30.12.2016  13:25

• Ukraine buys coal from Poland Ukrainian energy company DTEK, owned by Rinat Akhmetov, announced its intention to purchase 100,000 tons of coal from Poland to fill the shortage of raw materials. DTEK explains that due to low temperatures in December, almost 35 percent more coal was consumed than in the same period last... 30.12.2016  13:01

• State of the international scrap metal market As the steel mills cut their scrap purchases, prices fell every month, and when the price of scrap reached a minimum, the mills began to buy material at a lower price. So when steel mills started buying again this year, scrap prices jumped. World scrap prices are still on the rise as the Chinese... 29.12.2016  13:58

• Copper loses its value amid strong dollar The US currency has strengthened to its highest level since 2005, and this discourages investors from buying assets in US dollars, including industrial metals. “A strong dollar always has a negative impact on metal prices,” recalls Frank Cholly, senior market strategist at RJO Futures in Chi... 29.12.2016  13:40

• Metinvest boosts steel exports to the EU This year Metinvest has increased the number of products with double certification - national and EU, which allows selling steel on the domestic market and for export. Currently, these are not only slabs, but also galvanized coils, circles, pipes, etc. According to the Ukrainian Center for Steel... 29.12.2016  13:29

• Falling demand for iron ore in China in 2016 According to Chinese media reports, the country's iron ore demand has declined, but traders are poised to reap their highest annual profits at the end of 2016. Strong futures have boosted iron ore spot prices by more than 70% this year and made this year the best year for raw steel production... 28.12.2016  12:21