Metallurgy news
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Ilyich Iron and Steel Works opened a training center for metallurgistsIlyich Iron and Steel Works of Mariupol, part of Metinvest, has completed the reconstruction of a training center for its employees. By the 120th anniversary of the enterprise, 14 classrooms, 4 auditoriums for managers, two conference rooms, a buffet and recreation areas were introduced. The…
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Indonesia targets record coal productionIndonesia's largest coal producer, Bumi Resources, is targeting between 93 million and 94 million tonnes of coal in 2017, its director, Dilip Srivastava, said. This level would be 9 percent higher than the 86.5 million tonnes produced in 2016. 60 percent of the company's 2017 projected sales have…
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Iron ore rises in valueIron ore rallies amid strong demand in China and a weak dollar against the yuan. The resumption of construction activity in China after a break for the Lunar New Year celebration is driving demand for steel and all raw materials, analysts say. Investors in the iron ore market await economic data in…
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Trade dispute between Russia and Belarus is getting worseThe Belarusian government delegation is making a new attempt in the coming days to negotiate a compromise. Relations between Russia and Belarus are in crisis, again. Superficially, it is about meat, gas, oil, arbitrary border controls, etc., but if you look deeper, these are tests for fundamental…
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Ukraine moves from heavy industry to light industryThe head of the German-Ukrainian Chamber of Commerce notes the positive development of economic relations with Ukraine, focusing on the growth of exports from Austria and Germany to Ukraine. Alexander Markus, CEO of the German-Ukrainian Chamber of Commerce, speaks of positive developments last…
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Why did the shale gas project in Poland fail?At the beginning of the decade, Poland was simply living on hopes for shale gas production. Based on a comparison of geological conditions, American experts have calculated that a trillion cubic meters of shale gas can be produced on the territory of this country, which will provide tens of times…
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US steel imports kick off 2017 on a very high noteBased on the latest data analysis, the American Iron and Steel Institute (AISI) reported an increase in applications for permits to import steel into the United States in January this year. Import permits rose 7.6% in tonnage to 2,927,000 tonnes of steel, up from 2,719,000 tonnes recorded last…
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Global demand in the scrap metal market continues to fallRecently, international demand in the scrap metal market has been on a downward trend, driven by a decline in demand in the finished steel market. The world's largest consumers of scrap metal, Turkish factories, postpone the purchase of scrap under the influence of the holidays. Asian steel mills…
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Putin ratified the agreement on the construction of the Turkish StreamOn Tuesday, Russian President Vladimir Putin signed an agreement on the construction of the Turkish Stream gas pipeline, which will allow, among other things, to supply gas bypassing Ukraine. The first branch of the pipeline will be ready in 2019. The signature of the Russian President is the last…
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ThyssenKrupp invests in HungaryMore than 6 million springs and stabilizers will be produced by the plant that ThyssenKrupp will build in Hungary. The investment will amount to 35 million euros. Construction of the plant will begin in the spring in Debrecen. A plant with an area of 20 thousand square meters. m. assumes the…
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