Metallurgy news
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Reduced Nickel Supply Increases Stainless Steel Price - MEPSStainless steel coil sales rose in September in the United States and Europe. This was largely due to the rise in nickel prices on the London Metal Exchange during the reporting period. European stainless steel makers were also aiming for benchmark price increases in September and, in most cases…
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Indonesia to give miners extra time to build smeltersIndonesia could give mining companies another three to five years to complete smelting projects before the export of minerals is banned, the mining minister said Tuesday, amid government discussions on amendments to the sector's rules. Miners who have not yet built metallurgical plants will be able…
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Production results of the plant Zaporozhlal for September 2016In September 2016, Zaporizhstal produced 337.1 thousand tons of pig iron, 346.4 thousand tons of steel and 291.2 thousand tons of rolled products. Pig iron production decreased 2.1%, steel production decreased 2.4%, and rolled steel production decreased 1.6% compared to September 2015. From January…
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Exports of Russian gas to the European Union are growingIn the first three quarters of 2016, Gazprom sold 10.7 billion cubic meters of gas to non-CIS countries more than in the corresponding period last year. Among the growth leaders in absolute terms: Great Britain - 4.65 billion cubic meters, Germany - 1.9 billion cubic meters, the Netherlands - 1.52…
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Belarus and China may step up cooperation in the field of armamentsPresident of Belarus Alexander Lukashenko begins his state visit to China on Wednesday. Its goal is to attract Chinese investment to Belarus and negotiate possible cooperation in the military industry. One of the main areas of cooperation with Beijing is the Belarusian-Chinese industrial park under…
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South Korea encourages metallurgical and petrochemical firms to cut productionThe South Korean government has said it will encourage local steel and petrochemical producers to reduce oversupply and upgrade their facilities to achieve high added value. In addition to downsizing, steel and petrochemical companies will focus on mergers and acquisitions for non-competitive…
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Japanese Steel Exports Rise In AugustThe Japanese Iron and Steel Association reported that Japan's steel exports totaled 3.509 million tonnes in August, an increase of 2.3% year over year. At the same time, Japan's raw steel exports reached 2.221 million tonnes, an increase of 7.4% year-on-year, and rose for the first time in three…
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Russia in September produced a record amount of oil per dayThe Russian Energy Ministry announced on Saturday that a record 11.1 million barrels per day were pumped in September, the highest since the collapse of the Soviet Union and 4% above the previous output of 10.7 million barrels per day. Russia, as well as OPEC members, are grappling with a long-term…
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Baosteel's New Furnace Reaches Installed CapacityChina has pledged to phase out its metallurgical capacity, but Chinese companies are still launching new furnaces. One of them is at the Zhanjiang factory of the Baosteel company. The construction of the plant began in 2011, after the approval of Baosteel and the city authorities - Zhanjiang…
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German coal-fired power plants may close ahead of scheduleGermany is ready to accelerate the closure of coal-fired power plants, as their profitability decreases, although they have not exhausted their resources. A quarter of coal-generating capacity in Europe's largest economy could close ahead of schedule if operators forgo modernization costs to…
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