Metallurgy news
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ThyssenKrupp welcomes Trump's plansOne of the largest steel producers in the world expects to benefit from President-elect Donald Trump's investment program. The CEO of German giant ThyssenKrupp told CNBC that he is not worried about a more protectionist US approach when Trump takes office in January. “I believe we are firmly…
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Western companies return to RussiaFDI in Russia has surprisingly increased significantly this year. Numerous well-known companies from the West are planning to increase their presence in the country or have already invested heavily, Bloomberg reported. One reason for optimism is the weak ruble, and the fact that the phase of…
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European Parliament adopts emission limit values for air pollutantsThe rules determine the norms for harmful emissions into the atmosphere from industrial enterprises, transport, power plants and agriculture. National commitment to this issue will cover the post-2020 period, but will also set targets for the post-2030 period. The new regulations include a…
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Growth rate of steel production in India is the fastest among large producersEven as global steel production fell 0.1% to 1.333 million tonnes in the first 10 months of this year, the growth rate in India remained in positive territory and was also the highest among the major steel producing countries in the world, including China and Japan. Data from the World Steel…
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Belarus buys Su-30SM multipurpose aircraft from RussiaBy 2020, Belarus plans to purchase from Russia at least a squadron of Su-30SM multipurpose aircraft, as stated by the commander of the Belarusian Air Force and Air Defense Oleg Dvigalev. The Su-30SM is an upgraded version of the Su-27 fighter to replace the outdated, albeit partially modernized…
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World steel production up more than 3% in OctoberAccording to the latest statistics published by the World Steel Association, the crude steel output of the 66 member countries was 136.523 million tonnes. In October this year, output increased 3.3% from 132.128 million tonnes produced in the same month a year earlier. Crude steel production in the…
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Rio Tinto will continue to cut jobs in AustraliaAnglo-Australian mining company Rio Tinto is expected to cut about 500 jobs in Australia amid falling iron ore prices, the country's media reported. The job cuts will begin with an office in Perth in Western Australia, although no one has confirmed the exact figure. “The market outlook remains…
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Novatek invests in Arctic LNG plantRussia's largest independent natural gas producer, Novatek, has announced that the estimated cost of building a LNG plant in the Arctic will be around $ 10 billion. Interestingly, earlier forecasts indicated even greater cost. The construction of new installations for liquefying natural gas Arctic…
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The metals markets remain optimisticCopper prices continue to rise on the London Metal Exchange. The increase is affecting other raw materials as well, as all base metals are currently priced at a high of over a year in response to an optimistic assessment of a consistent recovery in global demand for raw materials. Copper showed a…
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German economy lost 17 billion euros on Russian sanctionsEU sanctions against Russia have negative consequences for the German economy. German exports to Russia have almost halved. This translates into a loss of € 17 billion in revenue. German business is constantly losing market share due to sanctions, which is filled with competitors, for example, from…
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