Metallurgy news

• Steel Companies Expected Exceptional Q3 Profits UOB expert Kay Hian Research predicts an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year. This is due to the continuing rise in steel prices during the month. “Assuming the costs of fundraising are reasonably controlled, some steel companies' t... 24.08.2017  11:44

• Poland wants to supply gas to Ukraine Poland hopes to play more than its current role in securing gas supplies to Ukraine. However, for this to happen, investment is needed. Ukraine is trying to free itself from the dominance of Russian gas. Today, Ukraine has completely abandoned the purchase of raw materials from Russia, although... 23.08.2017  13:22

• Tokyo Steel raises prices for the first time in 7 months Tokyo Steel Manufacturing Co Ltd, a leading manufacturer in Japan, said it would raise steel product prices by 5.4 percent in September to reflect strong domestic and international demand as well as higher material costs. This was reported by the metallurgical portal STEELLAND . The company... 23.08.2017  13:03

• Slow growth in steel demand leads to lower capacity utilization One of the main reasons for the slow growth of the global steel industry during the recovery period is related to the excess volume of steel compared to the demand in the steel market. A multitude of factors are undermining the efforts to add new capacity by steel mills around the world. They... 23.08.2017  12:53

• The United States sent to Ukraine the first shipment of coal at $ 113 per ton The United States delivered the first consignment of coal to Ukraine under an agreement between the American company Xcoal Energy & Resources and Centerenergo, controlled by the Ukrainian authorities. This was announced on Facebook by the Ukrainian Embassy in the United States. Ambassador of... 22.08.2017  16:01

• Gazprom interested in monitoring the US gas market The world's largest gas producer, Russia's Gazprom, will spend over half a million euros monitoring the US gas market. This should help the company to effectively compete with American gas, the supply of which is increasing to the European continent. On Monday, August 21, the port of Klaipeda in... 22.08.2017  15:30

• Iron ore prices rise 47% in two months Steelmaking raw materials rose 4% to $ 78.10 a tonne, the highest since April 7, as Chinese steelmakers accelerate production ahead of sanctioned winter cuts, according to data provided by The Steel Index. Beijing wants to cut production by as much as 50% during the winter months to combat smog,... 22.08.2017  14:29

• New incentives for copper and aluminum The growing demand for electric vehicles is increasing the demand for more than just lithium or cobalt over time. The transition from gasoline to electricity will require the development of new infrastructure, which is also rich in copper and aluminum. Copper has always had a demand associated... 21.08.2017  11:07

• Iranian steel mills increase supplies of billets to the domestic market The Iranian government has asked domestic steel mills to allocate more billets to the domestic market, where demand has increased significantly, reducing exports. Officials from major steel producers, the Iranian Commodity Exchange and Producers' Association attended a meeting hosted by... 21.08.2017  10:27

• Iron ore and coking coal prices are up 40% since June A spike in steel production in China is pushing up commodity prices at a time when Japanese demand is recovering amid a construction boom in the capital. Steel makers tend to transfer the higher material costs to the price of the product. Spot prices for Australian iron ore, the benchmark,... 21.08.2017  10:17