Metallurgy news

• Iron ore continues to rise in value Iron ore hit its highest price level in four months as steel prices rose again. The spot price for ore with a content of 62% iron rose 1.6% to $ 76.68 per tonne, leaving it at highs that have not been observed since April 6 this year. Ore with 65% iron content increased by 2.7% to $ 95.50 per... 13.08.2017  12:10

• Korean War Threat Causes Global Trade Difficulties If US President Donald Trump unleashes "fire and rage" in North Korea, it will cause a conflict in the flow of world trade. North Korea is an ant in the raw material world, as years of sanctions more or less isolate the country from international markets. But this is an ant surrounded by the... 13.08.2017  11:33

• Steel prices in China have risen Chinese steel prices are holding at four-year highs even as levels look tense, given the government's efforts to maintain stability ahead of the ruling party's meeting in the fall and long-term plans to cut production. “We see this as a bubble,” said Kirill Chuiko, strategist at BCS Global Mar... 11.08.2017  13:32

• Germany is in no hurry to part with coal Burning coal to generate electricity looks set to remain the backbone of Germany's energy supply for decades, in stark contrast to Chancellor Angela Merkel's ambitions to be a role model in the fight against climate change. Merkel is avoiding a sensitive coal phase-out in Europe's largest... 11.08.2017  13:06

• Vale struggles to find partners for nickel production in Indonesia Nickel producer Vale Indonesia says Indonesia's recent move to allow ore exports is helping to lower global metal prices and complicating efforts to forge partnerships for new investment in smelters. Miners around the world face persistent market weakness, thanks in part to efforts by Indonesia... 10.08.2017  11:38

• Uozhsich Balssun is no longer the head of the railways of Ukraine The head of Ukrzaliznytsia, rocker Pole Wojciech Balchun, has resigned. In this position, he worked for a year and a half and tried to reform the Ukrainian railway. The first to announce the resignation of Wojciech Balchun was not the head of Ukrzaliznytsia himself, but the Prime Minister of... 10.08.2017  11:29

• BHP Billiton Considers Autonomous Vessels Australian mining company BHP, which uses up to 1,500 ships a year to transport around 250 million tonnes of iron ore, copper and coal, wants to introduce new technologies within ten years. BHP Billiton is analyzing the effectiveness of the implementation of a fully automated vessel for... 10.08.2017  10:53

• Ukraine imports coal from the USA for the first time For the first time in its history, Ukraine has signed a contract with the United States to import coal from this country. This will alleviate energy shortages from cutting off coal supplies controlled by separatists in eastern Ukraine. The contract signed in mid-July between the American coal... 09.08.2017  10:21

• Nickel production in Russia continues to decline BMI Research announced that it has cut its forecast for global nickel production by 5% from 1%, which means that nickel production will be reduced to 243,000 tons from 256,000 tons in 2016. BMI cuts its forecast for production of Russian nickel ore in 2017. In addition, nickel ore production in... 09.08.2017  10:12

• Coal producers report big profits Coal producers in China posted impressive earnings in the first half of this year. Of the 37 Chinese-registered coal mining companies, more than half estimated their profit in the first half of 2017 to be twice as high as in the first half a year ago. Companies attributed this to huge increases... 09.08.2017  09:53