Metallurgy news

• Steel prices will remain at current levels in the coming months - MEPS MEPS International notes that despite the fact that the Chinese authorities have announced a plan to reduce capacity by 100 - 150 million tons by 2020, steel production in the country continues to grow. In the first three quarters of this year, steel output increased by 0.4 percent. However, in... 02.11.2016  10:57

• Ukrainian wheat stocks are 16% lower than last year amid growing exports According to the official statistics of Ukraine, as of October 1, 2016, stocks of grain and leguminous crops amounted to 24.87 million tons, which is 3.5% less than on the same date in 2015 - 25.77 million tons, as reported UkrAgroConsult. Wheat stocks at the reporting date were lower by 16% -... 02.11.2016  10:36

• 15 killed in a coal mine in China Rescuers in the southwestern Chinese city of Chongqing were still trying to find 18 missing miners on Tuesday, fearing they were killed by a gas explosion. Hundreds of rescuers, including firefighters, police officers and security specialists, were immediately dispatched to the scene of the... 02.11.2016  10:18

• Glencore closes another zinc mine Along with steelmaking raw materials - iron ore and coking coal, zinc is the best mining commodity in 2016. It trades at $ 2,374 per tonne, up 47% YTD. The outlook for zinc has improved significantly after the closure of two major mines last year, the Century in Australia and the Lisheen mine in... 01.11.2016  12:12

• The price of Russian wheat is growing against the background of strengthening prices in Ukraine Russian wheat export prices rose for the sixth time in a row, supported by high prices in Ukraine, a competitor across the Black Sea that recently signed major deals with India. Russian wheat prices for delivery across the Black Sea in November were at $ 178 per tonne for delivery on board... 01.11.2016  11:50

• PJSC "Zaporizhstal": production results in October 2016 In October 2016, PJSC Zaporizhstal produced 317.4 thousand tons of pig iron, 333.4 thousand tons of steel, 285.2 thousand tons of rolled metal. The decrease in production indicators in October 2016, compared to the same period last year, is due to the shutdown in October 2016 for repairs of... 01.11.2016  11:39

• Rio Tinto Sells $ 50 Billion Share in Iron Ore Mine Rio Tinto Limited has announced plans to sell its Simandou iron ore project to Chinalco China, the world's largest consumer of iron ore. Simandou, located in Guinea in Africa, is estimated to have the world's largest untapped iron ore reserves (2 billion tonnes), valued at US $ 50 billion. Rio... 01.11.2016  11:31

• In China, 33 miners are trapped in a gas explosion in a coal mine 33 miners were trapped in a mine near Chongqing, southern China, where a gas explosion occurred Monday before noon local time, China's Xinhua news agency reported. “We do not know what condition the miners are in,” the agency said. “After the explosion, we managed to save two miners. The condi... 31.10.2016  14:26

• Dynamics of prices for steel products in emerging markets The Brazilian metals industry is struggling to adapt to an unpredictable business environment. Distributors plan to continue their conservative purchasing strategies in November, citing price volatility and weak economic fundamentals. Russian steelmakers are based on the prospect of a decrease... 31.10.2016  14:14

• Iron ore pellets increased in price by 25% yoy Pellet supply for 2017 remains at $ 45 tonne, which indicates an increase of more than 25% on an annualized basis, amid strong demand and as supply remains limited. “Demand for high quality iron ore rose after the spike in coking coal prices in the third quarter of 2016, as the higher the Fe c... 31.10.2016  09:04