Metallurgy news
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What are the chances of missile defense and NATO?Donald Trump's victory in the US presidential election raises a lot of doubts about security policy. During the election campaign, various radical statements were made about the presence of American troops in Eastern Europe. At the moment, no one knows for sure what the fate of the missile shield…
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EMZ expanded its product line of rolled productsIn November, the Yenakiyevo Metallurgical Plant (EMZ) of Metinvest Group launched production of two new angles. The products are intended primarily for the domestic market and are sold through the Metinvest-SMC warehouse network. Equal angles 90x90x6 mm and 40x40x3 mm in size are produced according…
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Tata Steel reports third quarter net lossThe Indian Metals Company posted a net loss of Rs 4.938 million for the quarter ended September 30 against a net income of Rs 5.6 billion a year earlier. According to the press service of the company, Tata Steel incurred the main losses in the UK. Analysts polled on the eve of Bloomberg believed…
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Metallurgists' protest in Brussels: there is no Europe without steelDuring the demonstration on the streets of Brussels, representatives of the metallurgical industry tried to convey that steel is the first link in the production supply chain, and industrial production cannot exist without it. The march was attended by over 15 thousand workers of the ferrous…
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Uranium price fallsWhile thermal coal has shown a striking surge, natural gas has rebounded and crude oil is up more than 70% from a 13-year low in January 2016, uranium has been consistently weak this year. The price of U3O8 is down 45% in 2016, and the average price fell 4.8% last week, stopping at $ 18.75 a pound…
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US coal industry hopes for a bright future after Trump's victoryWhile global financial markets have faltered after Republican candidate Donald Trump won the race to the White House, the country's coal and oil industries began to count the days to see promises come true. Throughout his campaign, Trump has repeatedly vowed to save the coal industry after years of…
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PJSC "Zaporozhgneupor": production results for October and 10 months of 2016The production of molded refractories in October 2016 at PJSC Zaporozhgneupor increased by 20%, of unshaped refractories - by 37% (compared to October 2015). The largest production growth is observed in the following items: production of fireclay products increased by 10%, magnesia products - by…
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Indonesia May Become World's Second Largest Stainless Steel ProducerIndonesia's Industry Ministry said Indonesia contains rich reserves of nickel, but the government has banned the export of ore, so huge investments are being made to build factories to produce stainless steel products. The two large factories plan to smelt 5 million tonnes of stainless steel in…
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ArcelorMittal increases profitsThe increase in the company's profits is accompanied by a decrease in income. ArcelorMittal's profit rose in the first three quarters, taking into account the net loss in the same period last year. Steel supplies in the first nine months of 2016 amounted to 63.9 million tons, which is 1.5 percent…
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Severstal replaces Russian steel with imports from ChinaRussian Severstal has increased supplies to the EU market. Cheap steel will always find a way to enter the market. Recently, the Americans have agreed that some of the steel imports from Vietnam are indeed Chinese imports supplied through Vietnamese companies. Severstal sold Chinese steel on the EU…
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