Metallurgy news
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Russia supplies record amount of gas to EuropeDue to cold winter weather and a decrease in its own gas production in Europe, Russian energy giant Gazprom is once again supplied to Europe with a record daily amount of 615.5 million cubic meters of gas. The supply growth continues almost daily. Thus, the third record year for Russian gas…
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US Steel plans to reopen shutdown plantUS Steel announced this week that it plans to reopen its shutdown plant in Keewatin, and previously laid off employees will be given jobs back. These plans stem from the fact that American steel production was a common theme at Donald Trump's rallies during the presidential campaign. US Steel CEO…
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New oil field discovered in BelarusIn December last year, Belorusneft discovered an oil field in the country with forecasted reserves of 1.69 million tons of hydrocarbons. Exact reserves will be established after the second exploration well is surveyed. This was announced by a Belarusian company. Earlier Belorusneft announced plans…
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Iran increases steel exports by 55%Iran's steelmakers are expected to export around 5.7 million tonnes by the end of the current fiscal year (March 2017). In the nine months ended December 2016, major steel producers exported more than 4,120,000 tons of steel products, registering an increase of 55% over the same period last year…
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2017 Predictions: Gold - Stocks - Trump - Putin - Military ActionJason Hamlin, who provides consulting services for Fortune 500 companies around the globe, has made some predictions for 2017 on the most important points. The gold price will rise above $ 1,500 in 2017, with the potential to revert back to historic highs in the event of a currency crisis, major…
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China invested 343 billion euros in renewable energy sourcesChina is promoting the expansion of renewable energy sources. The National Energy Administration (NEA) announced on Thursday that it will invest 343 billion euros between 2016-2020 in a program to expand alternative energy sources to coal. This should lead to the creation of over 13 million jobs in…
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Toyota wants to be good company for US citizens after Trump's threatsUS President-elect Donald Trump has threatened high penalties if Japanese manufacturer Toyota produces cars in Mexico for the US market. Toyota wants to build a new plant at Baja in Mexico to manufacture Corolla models for the United States. Trump tweeted Thursday, "No way ..." Japanese automakers…
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Russian sanctions destroyed 400,000 jobs in EuropeThe economic war with Russia cost the EU countries almost 18 billion euros in 2015. Trade relations have been hit hard, new research by the Economic Research Institute (WIFO) published by derStandard shows. Vienna is a small supporter of EU sanctions against Russia. “Austria is against…
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China's industrial profits increased significantly in 2016China's industrial profit rose 9.4 percent over the previous year. An expert from the country's statistical office noted that "the growth was mainly due to the recovery of prices in the raw materials industries, such as oil refining and mining and metallurgy." Profits from January to November were…
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EU dependence on energy imports is growingIn the EU, imports of fossil fuels, including coal, oil and gas, are growing steadily, and production is falling in contrast to the rest of the world. These are the findings of the European Commission's latest statistical yearbook on EU energy. According to this study, energy production in the…
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