Metallurgy news

• Exports of scrap metal in Russia decreased slightly Russian exports of ferrous scrap amounted to 3.250 million tons during the first seven months of this year. At the same time, exports decreased slightly, by 1.6%, compared with exports of 3.303 million tons in January-July in 2015. Based on current data, the export of ferrous scrap in the country... 17.10.2016  10:49

• MMK's operating results remain stable Magnitogorsk Iron and Steel Works (MMK) released a report on crude steel production for the 3rd quarter and the first 9 months of 2016. MMK's production in the third quarter was 3.18 million tonnes, not significantly changing compared to the second quarter. Shipments of products amounted to 2.86... 17.10.2016  10:26

• Growing Confidence in Brazilian Construction Sector Supports Rebar Prices Confidence in the Brazilian construction market supported domestic rebar prices, dampening any discounts expected during the seasonal slowdown in the fourth quarter. Weekly S&P estimates for 10mm rebar remained stable at $ 529.14 /t ex-works. Construction companies and factories have agreed, and... 17.10.2016  09:58

• Chinese steel exports decline to 7-month low Chinese steel shipments in September of this year amounted to 8.8 million tons, which is more than 2% lower when compared with exports of almost 9 million tons in August 2016. This is the third consecutive month that there has been a decline in Chinese steel exports. The drop in exports is mainly... 17.10.2016  09:42

• Coal production in Ukraine decreased by 3.6% in September Total coal production in Ukraine fell 3.6% year on year to 3.52 million tonnes in September 2016 from 3.65 million tonnes in September 2015, but was up from 3.5 million tonnes in September 2016. August this year. In September, thermal coal output rose 0.3% year-on-year to 2.93 million tonnes,... 16.10.2016  15:32

• China's top steelmakers capitalize on rising steel prices China's two largest steel mills said their net profit rose in the third quarter as rising steel prices this year eased troubles for the world's largest producer. HeSteel Co. expects to see net income at the highest level since 2010 amid rising prices. According to the company's statement, net... 15.10.2016  15:54

• What will be the demand for thermal coal? Of all the major commodities, it can be argued that thermal coal is currently facing the largest shortage, but there is a risk of declining demand in the next 10-20 years. The Paris Climate Agreement has been ratified by more than 70 countries, accounting for 57% of global greenhouse gas emissions.... 15.10.2016  15:34

• World stainless steel production in the 1st half of 2016 exceeded 22 million tons According to the latest statistics released by the International Stainless Steel Forum (ISSF), global stainless steel production increased 4.10% in the first six months of 2016 compared to the corresponding period in 2015. In the second quarter of this year, volume increased by 15% compared to the... 14.10.2016  12:42

• Nordic countries discuss the possibility of building Nord Stream 2 Against the background of the situation in Ukraine and the deteriorating security in the Baltic region, there is a lively discussion in the Nordic countries about Nord Stream 2, according to analysts at the Center for Eastern Studies. In recent months, there has been a revitalization of... 14.10.2016  12:07

• The Russian government adopted the draft budget until 2019 The Russian government approved the draft budget for the period from 2017 to 2019, which provides for GDP deficits of 3.2 percent, 2.2 percent and 1.2 percent over the next three years. The draft is subject to minor amendments and will be submitted to parliament on October 28. The project... 14.10.2016  11:46