Metallurgy news
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Russian gas is supplied to Europe at full speedIn general, this year, record volumes of daily export deliveries of Russian gas have already been set six times. In addition, the record result has been revised up to sixteen times since mid-October. The main reason for the increase in exports is the growing demand for gas in Europe. Demand is…
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Interpipe registers a trademark in Saudi Arabia to combat counterfeit productsThe global steel pipe manufacturer Interpipe has registered a trademark with the Saudi Arabian Ministry of Trade and Industry. The registration of the trademark in the United Arab Emirates (UAE) is a step that will strengthen the company's position in the fight against counterfeit steel pipes. “The…
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Global gold production will continue to declineA new report from GFMS analysts noted that primary gold shipments continued to fall in the fourth quarter of last year. In addition, 2016 was the first calendar year of such a significant drop in mine output since 2008. Global gold mine shipments fell 22 tons, or 3% year on year, according to the…
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Energy and metals prices are expected to riseWorld Bank analysts believe that prices for industrial raw materials, including energy and metals, will rise strongly in 2017, driven by falling supplies and rising demand. In a published report on the outlook for commodity markets, the World Bank retained its previous forecast for oil prices in…
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Trump allows controversial Keystone pipeline to resumeCanadian operator TransCanada has unveiled a new application for the construction of the pending Keystone XL pipeline to pump oil in Texas. The project will create tens of thousands of jobs and economic growth in both countries, the company said on Thursday. US President Donald Trump secured the…
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Zaporizhstal began assembling a blast furnace during a large-scale reconstructionIn November last year, Zaporizhstal started the reconstruction of blast furnace No. 3. To implement the project, the plant created an intelligent model of a blast furnace, which made it possible to increase the efficiency of the reconstruction and reduce the time required for its implementation…
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Court upholds EU sanctions against Russian arms companyThe European Union Court of Justice in Luxembourg on Wednesday upheld EU sanctions against the manufacturer of Russian anti-aircraft weapons, Almaz-Antey. The group's assets in the EU will remain frozen. Almaz-Antey is on the list of Russian entities on which the EU imposed sanctions in 2014 in the…
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Guizhou to close 120 coal mines in 2017Guizhou Province, one of the main coal suppliers in southwest China, plans to close 120 coal mines and cut coal capacity by 15 million tonnes in 2017, responding to the nation's challenge to tackle the sector's overproduction. “Although the coal industry contributes 15 percent of the province’s…
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Russian imports of stainless steel grew 27.8% in 2016According to statistics from the Association of Russia Special Steels, Russia imported 32.076 tonnes of stainless steel products in December last year, up 1.8% from the previous month. Imports of stainless steel sheet in Russia fell 4% from the previous month. At the same time, imports of seamless…
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World steel production grew by 5.5% in December and by 0.8% in 2016World crude steel production totaled 1,628.5 million tonnes in 2016, up 0.8% from 2015. Steel production declined in Europe, the Americas and Africa. Steel production increased in the CIS, the Middle East, Asia and Oceania. According to the latest statistics released by the World Steel Association…
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