Metallurgy news

• Struggling to survive, Interpipe paid over a billion hryvnia in taxes In 2015, the manufacturer of seamless pipes and railroad wheels of Ukrainian businessman Viktor Pinchuk transferred UAH 1.045 billion in taxes and fees to the budget and extra-budgetary funds. Throughout the past year, Interpipe has been working in conditions of a shortage of its main raw... 29.06.2016  12:54

• The Chinese will enter the Russian petrochemical complex Russian oil giant Rosneft and China National Chemical Corporation (ChemChina) signed a cooperation agreement in the context of the petrochemical complex in the Far East. This agreement represents an important step for many Russian oil and gas companies, such as Frezer-Neftemash LLC, which... 29.06.2016  12:48

• Slovakia prepares to build a pipeline for the supply of shale gas from the United States Work on the project of a cross-border gas pipeline connecting Poland with Slovakia is proceeding according to plan, according to the Slovak gas distribution network operator Eustream. "We have now set a schedule according to which we expect the project to be launched at the end of 2019," as... 29.06.2016  12:37

• Chinese merger will create a rival to global leader ArcelorMittal China's largest steel companies, Baosteel and Wuhan Steel, are negotiating restructuring that analysts say could herald a merger. This will create the nation's largest company to compete with ArcelorMittal SA, the world's leading steel producer. Both companies had a combined market value of $... 28.06.2016  12:47

• Improving relations between Russia and Turkey will help solve many problems Over the past two weeks, Turkish President Erdogan has sent two letters to his Russian counterpart Putin, indicating Ankara's intention to normalize relations with Russia. After Turkey shot down a Russian plane, the country's authorities said they did not intend to spoil relations with Russia,... 28.06.2016  12:12

• Copper Price Rises Strongly in London Copper prices on the London Metal Exchange rose 1.4 percent. Profits for other industrial metals also increased. This is a reaction to the comments of the Japanese authorities, who said they will try to stabilize the situation in the markets, which has changed significantly since the referendum in... 28.06.2016  11:33

• Baosteel and Wuhan Steel Announce Restructuring Plan Two of China's largest steel producers, Baosteel Group and Wuhan Iron Steel Group, are planning joint restructuring. Baosteel Group is the second largest steel producer in China and Wuhan Iron Steel Group is the fourth largest in the country. The companies did not specify what the... 27.06.2016  13:10

• Russia plans to export up to 500,000 tons of grain to China in 2016 Russia could export up to 500,000 tons of grain to China in 2016, Agriculture Minister Alexander Tkachev said. “China has opened up the grain market for us. We entered and will now resolve issues by volume. About half a million tons of grain can be exported this year, mainly wheat and barley ”... 27.06.2016  12:28

• German companies build factories in Russia Direct investments of German companies are reaching new highs, as companies do not want to lose an important Russian market due to sanctions and are building factories directly in Russia. During the construction of facilities on the sites of Moscow, presumably, concrete M-400 large concrete... 27.06.2016  12:12

• Gas prices will fall as a result of the British referendum The decision to leave the UK from the European Union will have a great impact on the global gas market, according to experts from Hermes Energy Group (HEG), who expect a dynamic decline in prices for all raw materials, including blue fuel. In the past few weeks, the anticipation of the British... 26.06.2016  11:50