Metallurgy news
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There are concerns about protectionism in the US metallurgyThe Chinese Department of Commerce has expressed deep concern over protectionism in the US iron and steel sector. According to a statement posted on the website, the ministry notes that the US steel sector is in a state of "overprotective", which has made the US sector uncompetitive. The ministry…
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Struggling to survive, Interpipe paid over a billion hryvnia in taxesIn 2015, the manufacturer of seamless pipes and railroad wheels of Ukrainian businessman Viktor Pinchuk transferred UAH 1.045 billion in taxes and fees to the budget and extra-budgetary funds. Throughout the past year, Interpipe has been working in conditions of a shortage of its main raw material…
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The Chinese will enter the Russian petrochemical complexRussian oil giant Rosneft and China National Chemical Corporation (ChemChina) signed a cooperation agreement in the context of the petrochemical complex in the Far East. This agreement represents an important step for many Russian oil and gas companies, such as Frezer-Neftemash LLC, which develops…
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Slovakia prepares to build a pipeline for the supply of shale gas from the United StatesWork on the project of a cross-border gas pipeline connecting Poland with Slovakia is proceeding according to plan, according to the Slovak gas distribution network operator Eustream. "We have now set a schedule according to which we expect the project to be launched at the end of 2019," as…
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Chinese merger will create a rival to global leader ArcelorMittalChina's largest steel companies, Baosteel and Wuhan Steel, are negotiating restructuring that analysts say could herald a merger. This will create the nation's largest company to compete with ArcelorMittal SA, the world's leading steel producer. Both companies had a combined market value of $ 16.3…
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Improving relations between Russia and Turkey will help solve many problemsOver the past two weeks, Turkish President Erdogan has sent two letters to his Russian counterpart Putin, indicating Ankara's intention to normalize relations with Russia. After Turkey shot down a Russian plane, the country's authorities said they did not intend to spoil relations with Russia, but…
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Copper Price Rises Strongly in LondonCopper prices on the London Metal Exchange rose 1.4 percent. Profits for other industrial metals also increased. This is a reaction to the comments of the Japanese authorities, who said they will try to stabilize the situation in the markets, which has changed significantly since the referendum in…
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Baosteel and Wuhan Steel Announce Restructuring PlanTwo of China's largest steel producers, Baosteel Group and Wuhan Iron Steel Group, are planning joint restructuring. Baosteel Group is the second largest steel producer in China and Wuhan Iron Steel Group is the fourth largest in the country. The companies did not specify what the restructuring…
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Russia plans to export up to 500,000 tons of grain to China in 2016Russia could export up to 500,000 tons of grain to China in 2016, Agriculture Minister Alexander Tkachev said. “China has opened up the grain market for us. We entered and will now resolve issues by volume. About half a million tons of grain can be exported this year, mainly wheat and barley ”. He…
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German companies build factories in RussiaDirect investments of German companies are reaching new highs, as companies do not want to lose an important Russian market due to sanctions and are building factories directly in Russia. During the construction of facilities on the sites of Moscow, presumably, concrete M-400 large concrete plants…
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