Metallurgy news
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Iran plans to stop exporting crude iron oreIran plans to stop exporting crude iron ore from March 2017, and instead sell the processed steel ingredient to maximize profits in an era of low prices. Tehran currently exports iron ore and is the sixth largest supplier to the Chinese market, although it supplies only a small share of those…
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Gold rises amid the Fed's decisionThe precious metal is heading towards its biggest weekly reading since July after the US central bank decided to leave interest rates unchanged, holding back their prospects for future growth. Investors added 6.3 tons. Precious metals have awakened from their sleep following the Fed's decision and…
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Zaporizhstal reported on the implementation of the environmental modernization programIn the period from 2012 to 2016, Zaporzhstal invested more than UAH 5.6 billion in the environmental modernization of production, which made it possible to significantly reduce air emissions. The most important investment project for the plant is the construction of an oxygen-converter shop to…
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Strike stops iron ore production at Chinese mine in PeruThe workers' strike has suspended production and supplies of iron ore at Shougang Hierro Peru SD., A subsidiary of Shougang Co's China, the company said in a statement. It was also announced that there are circumstances that allow the company to miss deliveries due to circumstances beyond its…
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US Manufacturers Blame China for Bypassing Steel DutiesAmerican metallurgists have warned the US Department of Commerce that China is circumventing anti-dumping and countervailing duties on cold rolled steel coils and corrosion-resistant sheet by processing in Vietnam. California Steel Industries and Steel Dynamics Inc said, “We have clear evidence…
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Russia in August was the largest exporter of oil to ChinaRussia regained its top spot as China's largest crude oil exporter in August, reflecting growing demand from independent refiners during the month. Chinese imports of Russian oil rose 50.2 percent in August to 4.64 million tons, or 1.09 million barrels per day (barrels per day), as demand from…
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China faces difficulties in metallurgy reformChina's plans to amalgamate its largest steel mills could reverse years of industrial fragmentation, as the government has set a goal of focusing 60 percent of the market share on top players. The top 10 Chinese steelmakers had a market share of about 50 percent in 2010, which fell to 34 percent…
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Gazprom discovered a new gas fieldDuring geological exploration in the Kirinsky area, Gazprom discovered large deposits of natural gas and condensate. These are probably quite large hydrocarbon reserves discovered near Sakhalin. At the moment, drilling is still ongoing, so it is difficult to say how much hydrocarbons are hidden in…
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Worldsteel: steel production increased in August 2016World production of crude steel from 66 countries that reported data from the World Steel Association (Worldsteel), in August 2016 increased by 1.9% compared to August 2015 to 134.1 million tons. China's crude steel production in August 2016 reached 68.6 million tonnes, an increase of 3.0% compared…
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Russian pig iron exports grew in the first half of 2016According to recently published data, the export of pig iron from the Russian Federation in June this year decreased slightly compared to the export in the same month a year earlier. However, exports in the first half of 2016 grew by almost 5% over the previous year. Russian pig iron exports…
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