Metallurgy news

• Losses of Russian metallurgists from new EU duties have been calculated The EU-imposed duties on Russian steel could cost Russians $ 300 million a year annually, according to metallurgical companies. Perhaps Moscow will retaliate. The announcement of duties is a serious obstacle for Russian metallurgists, says Dmitry Smolin, an expert at KPMG. According to him,... 06.08.2016  10:42

• EU stainless steel market overview According to MEPS, purchasing activity for hot rolled stainless steel has slowed down in Germany as the summer vacation period approaches. Sellers predict that if nickel prices remain high, customers will start buying more substantial tonnages in mid-August. European factories are divided over the... 05.08.2016  14:34

• Mechel increased its coal and steel output in the second quarter Russian coal and steel producer Mechel reports that its second-quarter steel production rose 2 percent and coal production rose 4 percent from the previous quarter. Mechel, controlled by businessman Igor Zyuzin, reported that the volume of steel production amounted to 1.1 million tons, while... 05.08.2016  14:05

• EU introduces anti-dumping duties on steel products from China and Russia The European Commission announced on Thursday that it is introducing final anti-dumping duties on cold-rolled steel from China and Russia. The responsibilities are valid for five years. According to the decision of the Commission, anti-dumping duties on products from China are introduced in the... 05.08.2016  11:34

• PGNiG in Ukraine plans to compete with Gazprom The Polish oil and gas company began cooperation with the Ukrainian company ERU Trading for the supply of natural gas to Ukraine. The start of natural gas supplies to Ukraine in accordance with the agreement with ERU Trading confirms that the trading conditions offered by PGNiG are competitive in... 04.08.2016  13:48

• July marks the first month of falling steel prices this year In July, for the first time this year, world steel prices fell slightly. According to MEPS International, they should continue to fall by the end of the year, but will not reach last year's levels. Analysts at MEPS International show that monthly prices fell 0.9 percent in July. The downtrend is... 04.08.2016  12:49

• Coal giants profit from reductions in excess capacity China's coal giants appear to have turned their losses into profits as the industry improved performance by cutting excess capacity, according to the National Development Commission, as well as companies' annual earnings reports. Coal companies are improving profitability as excess capacity is... 04.08.2016  11:32

• China's steel industry is back to life After a sharp and sudden contraction in June, activity levels in July across China's steel industry - the largest in the world - are improving again. The purchasing managers' index (PMI) stood at 50.2 in July, well above 45.1 in June. Also, the Manufacturing PMI measures changes in the levels of... 03.08.2016  11:02

• Russia has increased oil production Oil production in Russia increased by 1.8 percent in July 2016, and this is the 24th consecutive month that production increases year-on-year, according to official figures. Oil production in July was 10.85 million barrels per day, which is almost the same as in June, and only slightly less than... 03.08.2016  09:37

• Failed coup caused $ 100bn damage to Turkish economy The Turkish newspaper Hurriyet, quoting Turkish Trade and Customs Minister Bulent Tufenkci, reports that "the attempted military coup cost the Turkish economy $ 100 billion." Although, according to the minister, economic markets have successfully passed this test. On July 20, Turkish President... 02.08.2016  11:41