Metallurgy news

• India will be the new engine of global demand for raw materials Steel and iron ore demand in India will not follow the same fast upward trend that has characterized the growth of industrial production in China. After the Chinese economy has settled down to GDP growth of around 4-6 percent a year, India is the next major economic driver for global commodity... 01.12.2016  10:00

• Tata Steel intends to halve the capacity of the UK metallurgical plant India's Tata Steel and German steelmaker Thyssen Krupp are reportedly considering cutting UK steel production at Port Talbot. The largest steel mill in the United Kingdom provides about 4,000 jobs. Tata Steel merged with Thyssen Krupp to deal with overcapacity in the European steel industry, but... 30.11.2016  10:47

• Shell plans to sell oil fields in Iraq The Anglo-Dutch oil group is considering the sale of its shares in oil fields in Iraq, as part of a global divestiture program. Shell would like, however, to keep Iraqi gas assets in its portfolio. The program involves a $ 54 billion merger with BG Group, which forces Shell to seek savings.... 30.11.2016  10:28

• The cost of iron ore can reach $ 90 per ton BHP Billiton and Fortescue Metals Group are encouraging that the price of iron ore is showing no signs of slowing down. The 62% iron ore finished last week at $ 79.61 a tonne, about 13% higher than last Monday's closing price. The profit is in line with Chinese steel prices, which hit a 30-month... 30.11.2016  10:10

• Gazprom gets almost full access to OPAL Gazprom agreed to the terms of the European Commission for the allocation of the OPAL pipeline capacity. According to the head of Gazprom Alexei Miller, the agreement under the new rules could start functioning in January, and the Russian giant will have access to 90 percent of the pipeline's... 29.11.2016  12:23

• MEPS: A new record for steel production will be set Despite the existing global surplus in steel production, MEPS International predicts continued growth in output in the coming years. In 2020, global steel production is expected to reach 1.685 billion tonnes, breaking the previous record recorded in 2014 when production reached 1.662 billion... 29.11.2016  10:49

• Rising nickel prices lead to higher prices for stainless scrap The global nickel market reported a production deficit of 52,600 tonnes during the three quarters of 2016, compared with a surplus of 74,800 tonnes in the same period last year. In addition, the nickel market will continue to be in short supply in 2017. The Philippine administration's ban on... 29.11.2016  09:35

• Taiwan announces anti-dumping duties for steel producers from 6 countries The Ministry of Finance (MoF) of Taiwan issued a final ruling recognizing steel exporters from six countries such as China, South Korea, Indonesia, India, Brazil and Ukraine as anti-dumping rule violators who sold their products at unreasonably low prices in the local market. The Treasury... 28.11.2016  11:17

• November could be the best month for copper in 10 years Copper on the LME is currently valued near its highest levels for the year, and in November could provide the largest monthly gain since April 2006. The metal is up more than 20 percent this month. There is optimism in the markets and expectations that global spending on industry and... 28.11.2016  10:53

• Saudi Arabia wants to double gold and aluminum production One of the countries hardest hit by low oil prices is Saudi Arabia. Not surprisingly, the kingdom is looking for alternative sources of revenue for the budget. This is part of the special Vision 2030 program, which should reduce the country's dependence on the state of the hydrocarbon... 28.11.2016  10:39