Metallurgy news
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India may become second largest steel producer in DecemberIndia is set to bypass Japan and become the world's second largest steel producer by December this year, the chairman of the Indian Institute of Metals (IIM) in Delhi said. However, this would require the implementation of the Greenfield or Brownfield projects that will help India reach the…
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Iran and Azerbaijan to start joint production of carsA joint car production plant will be built in the Neftchala region of Azerbaijan. The Azerbaijani company Azeurocar, together with the major Iranian car manufacturer Iran Khodro, is planning to produce popular Iranian brands Dena, Samand, Rana and Soren. The production capacity of the joint venture…
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Russian gas interests threaten European clean energy programMaintaining Russia's current position in the European energy market is the most formidable obstacle to increasing the share of renewable energy sources in electricity generation. Of greatest concern in light of Russian gas supplies are plans to develop renewable energy sources in Germany and Italy…
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Losses of Russian metallurgists from new EU duties have been calculatedThe EU-imposed duties on Russian steel could cost Russians $ 300 million a year annually, according to metallurgical companies. Perhaps Moscow will retaliate. The announcement of duties is a serious obstacle for Russian metallurgists, says Dmitry Smolin, an expert at KPMG. According to him, Russian…
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EU stainless steel market overviewAccording to MEPS, purchasing activity for hot rolled stainless steel has slowed down in Germany as the summer vacation period approaches. Sellers predict that if nickel prices remain high, customers will start buying more substantial tonnages in mid-August. European factories are divided over the…
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Mechel increased its coal and steel output in the second quarterRussian coal and steel producer Mechel reports that its second-quarter steel production rose 2 percent and coal production rose 4 percent from the previous quarter. Mechel, controlled by businessman Igor Zyuzin, reported that the volume of steel production amounted to 1.1 million tons, while coal…
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EU introduces anti-dumping duties on steel products from China and RussiaThe European Commission announced on Thursday that it is introducing final anti-dumping duties on cold-rolled steel from China and Russia. The responsibilities are valid for five years. According to the decision of the Commission, anti-dumping duties on products from China are introduced in the…
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PGNiG in Ukraine plans to compete with GazpromThe Polish oil and gas company began cooperation with the Ukrainian company ERU Trading for the supply of natural gas to Ukraine. The start of natural gas supplies to Ukraine in accordance with the agreement with ERU Trading confirms that the trading conditions offered by PGNiG are competitive in…
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July marks the first month of falling steel prices this yearIn July, for the first time this year, world steel prices fell slightly. According to MEPS International, they should continue to fall by the end of the year, but will not reach last year's levels. Analysts at MEPS International show that monthly prices fell 0.9 percent in July. The downtrend is…
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Coal giants profit from reductions in excess capacityChina's coal giants appear to have turned their losses into profits as the industry improved performance by cutting excess capacity, according to the National Development Commission, as well as companies' annual earnings reports. Coal companies are improving profitability as excess capacity is cut…
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