Metallurgy news
-
Chinese metallurgists are pleased with their resultsFollowing the release of half-year financial results, three of China's top steelmakers - Baoshan Iron & Steel Co, Angang Steel Co and Wuhan Iron & Steel Group - are welcoming the recovery in the steel market and praising their cost-cutting success. The Global Times report claims that Baoshan Iron &…
-
Kazakhstan again introduces a ban on the export of scrapKazakhstan imposed a six-month ban on the export of ferrous scrap starting from August 29, 2016. The country's Minister for Investment and Development Zhenis Kassymbek cited as the main motivation for this step "a critical shortage of scrap for local metallurgists." The latest data released by the…
-
BP sees oil price at $ 50 per barrel in 2016BP CEO Robert Dudley said he expects global oil prices to remain at around $ 50 a barrel by the end of this year, and at or even "slightly higher" in 2017, he told reporters. “I think that now, since 2014, we have returned to a balanced oil and gas market. The balance of supply and demand is…
-
Significant growth in stainless steel demand is expected by 2024According to a new study published by OrbisResearch, the global stainless steel market will reach $ 127.19 billion by 2024. The report says stainless steel will be used more widely in a wider range of applications across a variety of industries, including construction, transportation, industrial…
-
Forecast and analysis of production of iron ore and steelSucden Financial has published a report that analyzes and forecasts the output of iron ore and ferrous metallurgy in the 3rd quarter of 2016. According to the report, iron ore prices rose in the second quarter of this year. However, prices managed to stabilize around $ 50- $ 55 per tonne in June…
-
China dismantles blast furnacesThe Baogang Group began dismantling one of the blast furnaces built in 1959. The production capacity will decrease by more than one million tons and about 2.5 thousand metallurgists will lose their jobs. China's Baogang Group is planning significant demolition of its blast furnaces. This is part of…
-
Norway builds steel fence against migrants and refugeesNorway is building a massive steel fence on its short border with Russia to prevent refugees from entering. Apparently, the government is counting on the constant pressure of the migration flow. The Norwegian government has already begun building a fortified border fence with Russia. According to…
-
European companies count on the development of Iran's Caspian fieldsCompanies from the Netherlands, Norway and the United Kingdom are offering Tehran to implement oil and gas projects in the Caspian Sea. The Europeans would like to explore the area and develop possible areas of cooperation. This was discussed in a series of meetings, according to the IRNA news…
-
Japan's Steel Exports Increase and Domestic Consumption DecreasesIn the first half of this year, orders for Japanese steel products for domestic consumption declined. Meanwhile, steel exports from the country have grown. According to the latest data released by the Japan Iron and Steel Federation (JISF), domestic special steel orders fell 4.2% year-on-year to…
-
Russia increases pensions ahead of electionsRussia is increasing pensions - and can afford it, given its low government debt. A few weeks before the elections, the Russian government approved an increase in pensions. The state will increase spending by more than 470 billion rubles in spending (6.5 billion euros), Russian Prime Minister…
Pages
← previous
next →
