Metallurgy news
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Azerbaijani gas will soon reach the EUThe European Union will soon receive a new source of raw materials - gas supplies from Azerbaijan. The construction of the gas pipeline continues. Some EU experts say the project could harm the competitiveness of the Moscow-promoted Turkish Stream. Gas from Azerbaijan will be directed to the…
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Ilyich Iron and Steel Works celebrates its 120th anniversary todayThe Mariupol Metallurgical Plant named after Ilyich Metinvest Group celebrates its 120th anniversary. On February 13, 1897, the first products were produced by the pipe shop of the Nikopol-Mariupol Mining and Metallurgical Society. From that day on, Ilyich Iron and Steel Works has been leading its…
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New President of GermanyFrank-Walter Steinmeier has long remained in the shadow of his political mentor, Gerhard Schroeder. A turning point in his career was in 2005 the post of Foreign Minister. The most popular German politician was elected president on Sunday. The winner, Steinmeier, surrounded by the party leaders…
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Interpipe delivers the first batch of railway wheels to the Saudi Arabian marketThe Ukrainian company Interpipe has delivered the first batch of railway wheels for the national railway operator of Saudi Arabia, the Saudi Railways Organization. Three thousand wheels have already arrived at the port of Dammam. The total supply of KLW wheels of the Saudi railway will reach 14…
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China's stainless steel production hits record highChina's stainless steel production was 24.9378 million tonnes in 2016, up 15.56% year-on-year, to another record high. Production of Cr-Ni steel (300 series) amounted to 12.691 million tonnes in China, an increase of 13.22% compared to the same period in 2015, accounting for 50.89% of the total…
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What are the consequences of EU antidumping on the steel market?After years of controversy, the European Union decided to tighten its anti-dumping policy. But the question remains, are these measures sufficient in the current situation? Steel overproduction is observed in almost all countries, but its main driving force is China with its production potential…
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Coal dust near the Great Barrier Reef worries scientists and environmentalistsScientists and environmentalists recently discovered coal dust near Australia's Great Barrier Reef, prompting an investigation into the nearby port of Hay Point, which supplies tens of millions of tons of coal annually to global markets. The leak is believed to have occurred in early February…
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ArcelorMittal: 2016 was a year of progressArcelorMittal has announced financial results for the fourth quarter and full year 2016. Despite lower shipments of ore and steel and lower revenues for the group, profit was recorded and the company suffered losses a year ago. Lakshmi Mittal, Chairman and CEO of ArcelorMittal said 2016 was a year…
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Voestalpine remains committed to factories in MexicoAustrian iron and steel group Voestalpine lowered its economic performance in the first nine months of fiscal 2016/17, but CEO Wolfgang Eder said he is confident the company is able to catch up in the fourth quarter and achieve annual targets at the end of the fiscal year in March 2017…
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South Korea and India intend to cooperate more closely in metallurgyDuring the meeting in Seoul, the Indian delegation proposed to strengthen technology exchange between the Indian Steel Association (ISA) and South Korea (KISA). As a result, a memorandum of understanding and cooperation was signed in the field of trade and technology exchange in steel production…
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