Metallurgy news

• World crude steel production up 5% in November According to the latest statistics released by the World Steel Association, the 66 member countries' crude steel output was 132.402 million tonnes in November 2016, up 5.0% from 126.14 million tonnes in the same month a year earlier. Crude steel production in the Middle East region grew by over... 21.12.2016  13:25

• Australia will buy French submarines Australia and France have agreed to build 12 submarines for the Australian Navy by the French arms company DCNS for a total of A $ 56 billion ($ 41 billion). The Australian authorities chose the military shipyard DCNS as a partner for this project back in April, having rejected competitive... 21.12.2016  13:06

• Turkey's steel production rises in January-November According to the statistics of the Association of Turkish Steel Producers, in November this year, Turkey's crude steel production decreased by 2.1% compared to last month, but increased by 10.4% compared to the same period last year. In particular, the volume of steel output from electric arc... 20.12.2016  11:08

• 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