Metallurgy news
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Flat steel prices in Europe are going downAccording to MEPS International, after the decrease in pressure on steel imports from China, the activity of other Asian countries, especially India and Vietnam, as well as Turkey, is increasing. The attractiveness of imports increases as the euro strengthens against the dollar. In Germany and the…
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Russia may face problems due to lack of gas turbines for shipsNext year, Russia may depend on external supplies of components needed to build gas turbines. Losses due to missing items can go into the millions of dollars. During the Soviet era, the production of gas turbines was concentrated on the territory of Ukraine. After the collapse of the USSR…
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Coal on the rise after significant drop in 2016The world's largest coal consumers - China, the United States and India - boosted their coal production in 2017, sharply retreating from a record global recession last year due to the fight against polluting combustible fuels to reduce air emissions. Mining data show that production in May could be…
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#stayinukraine “I’m getting lost in Ukraine” - PJSC “ArcelorMittal Kryvyi Rih” announces a flash mobPJSC "ArcelorMittal Kryvyi Rih" announces the #stayinukraine flash mob "I am getting lost in Ukraine" - for those patriots of the country, city, and their company who are not ready to surrender to a foreign land and are full of strength to support Ukraine in a difficult transformational period of…
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MMK increases investments in environmental projectsIn 2017, the Magnitogorsk Iron and Steel Works will invest 3.8 billion rubles in environmental protection. This is the highest level in recent years. The most important objects of environmental investments are the completion of the reconstruction of the sulfur trapping unit No. 2 in the sinter shop…
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Steel prices in China have risenSteel prices in China rose on Monday, recovering some of their losses last week, as investors are betting on tighter supplies due to government cuts, offsetting concerns about slow demand and rising inventories. Recently, the government has focused on the fight against induction furnaces that…
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PJSC "Dneprovsky Metallurgical Plant" held a meeting of the management with representatives of trade unions and city authoritiesOn June 26 at 15.00 in the assembly hall of the engineering building, a joint meeting of the administration of Dnipro Metallurgical Plant PJSC and the trade union activists of the enterprise - chairmen of shop committees, trade union activists of structural divisions of both trade unions of DMK…
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Severe weather conditions in China will slow down demand for steelUnfavorable weather conditions and a severe storm in southern China are dampening demand for steel for construction purposes. Since construction work in the region has been suspended, the price of steel products may decline in the short term. Price gap holds for rebar and hot rolled steel coils. In…
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EU launches anti-dumping investigation on low-carbon ferrochrome imports from three countriesThe European Commission has announced an anti-dumping investigation into low-carbon ferrochrome imports from China, Russia and Turkey. The complaint came from the Association of European Ferroalloy Producers on behalf of the sole EU producer with low ferrochrome Elektrowerk Weisweil GmbH…
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Russian exports of ferroalloys fell in annual termsAccording to Russian customs statistics, exports of ferroalloys totaled 57,365 tonnes in April 2017, down 17.5% from 69,504 tonnes in the previous month. In January-April 2017, Russia exported 238.505 tons of ferroalloys, which is 20.5% lower compared to the same period last year.
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