Metallurgy news

• Germany increases gas imports of Gazprom Germany increased gas imports from Russia by 11.7% to 2 billion cubic meters in the first half of August compared to the same period last year, Gazprom head Alexei Miller told reporters. “August is traditionally the season for pipeline repairs and a decline in gas demand. But our partners in E... 19.08.2016  10:42

• China's battle with overproduction China's goal of cutting steel production by 45 million tonnes in 2016 has been nearly half-met in the first seven months of this year, so there is still a lot of work to do. The slowdown in global economic growth and the decline in infrastructure construction led to a decline in demand for steel.... 18.08.2016  21:53

• Russia is about to become the world's largest exporter of wheat Wheat exports from Russia are expected to outpace the European Union this year, according to the US Department of Agriculture (USDA), according to which Russia will become the world's largest exporter for the first time. Russia's exports are expected to grow 4.5 million tonnes in 2016/17 to a... 17.08.2016  12:36

• Aluminum peaked within a month Aluminum hit a 1-month high and copper also gained as speculators bought metals amid a weakening dollar, which came under pressure from signals that US interest rates would hold. Nickel, however, has resisted a stronger trend as investors were aware of the impact of environmental audits on... 17.08.2016  12:10

• Nickel prices gain resistance after strong gains Nickel prices hit an annual high in early August and rose more than 10% in the third quarter as the Philippines restrains mining by shutting down mines that do not meet international standards. So far, the crackdown has resulted in the suspension of operations at eight mines. At the same time,... 17.08.2016  11:52

• Alumast stops working in Russia The Council of the Polish company ALUMAST (Alumast) made a decision to liquidate the subsidiary ALUMAST RU, citing among the reasons the absence of a suitable business climate for Polish companies in Russia. The company is a leading manufacturer of composite and aluminum lighting and... 16.08.2016  13:54

• Mining giant BHP publishes fatal results The world's largest mining company BHP Billiton suffered multibillion-dollar losses in the previous fiscal year ended June 30. The company painfully suffered the decline in raw material prices. CEO Andrew McKenzie said: “The past 12 months have been a big challenge for the company. However, our r... 16.08.2016  13:37

• WTO backs EU accusations against excessive Russian duties This is the first WTO decision on Russia since it joined the organization in 2012. Earlier, for months, the EU protested the imposition of excessive Russian customs duties in response to EU sanctions against Russia. The EU accused Russia of imposing duties that are higher than those permitted by... 16.08.2016  12:56

• Steel smelting in Russia in the first half of the year Major steel producers in Russia announced their sales revenue for the first half of 2016. Steel production increased in the first half of 2016, but steel output by Severstal and EVRAZ fell. In the first half of 2016, NLMK's crude steel output in Russia reached 8.22 million tonnes; followed by... 15.08.2016  13:06

• Tatal Steel and Thyssenkrupp plan a joint venture in Europe Tata Steel discussed with the German steel company ThyssenKrupp AG the possibility of a joint venture in Europe. The Chief Financial Officer of Tata Steel Group said the discussion on strategic consolidation in the European steel industry is part of a plan to look at how assets and businesses... 15.08.2016  12:53