Metallurgy news
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China becomes Germany's most important trading partner for the first timeIn 2016, China became Germany's top trading partner for the first time. Imports and exports between the two countries amounted to around 170 billion euros, according to data from the Federal Statistical Office. In second place is France with a good turnover of 167 billion euros. The United States…
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In January, the level of iron smelting in Asia increased by 5.5%Smelters from six major Asian countries, members of the global association World Steel, were able to increase their pig iron production by 5.5% in January 2017 on an annualized basis. Based on information from the WSA in numerical terms, this is 75.181 million tons. The level of pig iron smelting…
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German companies hope to increase trade with RussiaNearly two-thirds of German companies on the Russian market continue to operate despite the current economic sanctions and expect to see an increase in trade with Russia in 2017, the German Committee for the Eastern Economy and the German-Russian Chamber of Commerce reported on Friday. 63 percent…
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Special gas price for BelarusThe Ministry of Energy of Belarus announced that it had reached an agreement on gas prices with Russia. The parties agreed that Minsk will pay for raw materials as much as gas consumers in the Yamalo-Nenets Autonomous Okrug. In practice, this means that Belarus will have one of the lowest gas…
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China's steel production rises in JanuaryChina's crude steel production was 67.2 million tonnes in January 2017, unchanged from December 2016, up 7.4% from the same period in 2016, according to the World Steel Association. Daily steel production remained at 2.168 million tonnes, unchanged from December 2016. For eight consecutive months…
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Historic moment in the American gas marketFor the first time in nearly 60 years, the United States has become a net exporter of natural gas. So far, the country has imported more raw materials than it has exported. The situation changed in the current month. The United States exported 210 million cubic meters of gas a day (at the end of…
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US Steel expects drastic measures from Trump to restrict steel importsOn February 23, 2017, a meeting of American company executives with the incumbent president of the United States at the White House was held on the creation of jobs in the manufacturing industry. After its completion, the CEO of US Steel CEO Mario Longhi told reporters about the ability to organize…
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ArcelorMittal's new acquisitions in BrazilArcelorMittal Brasil and Votorantim have signed an agreement under which the Brazilian part of the Votorantim pipeline business will become a subsidiary of AMB. As a result, a company with a capacity of more than 5 million tons of steel and rolling mills will be created. Votorantim will receive a…
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Turkish steel production rises in JanuaryTurkey's steel production increased 12.8% in January compared to the same period in 2016 and 3.3% compared to the previous month, according to the Metallurgical Association of Manufacturers (TCUD). The steelmaking capacity of electric furnaces increased by 13.9% compared to the same period in 2016…
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Global scrap consumption increased 3.3% in 2016In 2016, the apparent consumption of scrap metal in the world amounted to about 556 million tons, an increase of 3.3 percent compared to 2015. For two consecutive years, scrap metal consumption has grown steadily, reaching over 500 million tonnes recorded in 2011. The Russian scrap metal market is…
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