Metallurgy news
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Indonesia renews copper export licenseIndonesia's Ministry of Mines is extending the copper concentrate export license for the local unit of US copper and gold miner Newmont Mining Corp for the next six months, a ministry spokesman said. Newmont, Indonesia's second largest copper miner, will be able to export up to 419,757 tonnes of…
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US cannot compete with Russia on gas pricesThe US strategy to oust Russia from the European energy market has so far been unsuccessful. Low prices make the global market unattractive for Americans. Their production is too expensive and, therefore, cannot compete with Russian prices. At the same time, the gas of American producers must first…
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Toyota will recall more than 1.5 million vehicles from the USAToyota Motor is recalling 1.58 million vehicles from the United States to replace Takata's airbags, which have a potentially damaging defect. According to Kyodo agency, in total, due to this defect, the Japanese car company recalled 4.7 million vehicles from the United States among nine models from…
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Polish metallurgy suffers from high electricity pricesPolish factories pay twice as much for energy as German factories. This was noted by the participants of the Metallurgy meeting at the European Economic Congress. It was noted that energy in neighboring EU countries is much cheaper than ours. According to a PGE report, in the fourth quarter of last…
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Gazprom needs to make serious cuts due to the crisisThe world's largest gas company, Gazprom, is struggling with low natural gas prices. Analysts estimate that the company could cut future new projects or need to significantly increase its debt. Gazprom is starting to organize its projects by importance and analysis of potential savings. A reliable…
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Gas stations closed in France due to lack of fuelHundreds of gas stations have been shut down across France since yesterday, as unions and protestors against the government's labor reform bill blocked paths to refineries. About 12 thousand gas stations in France have completely used up their reserves or are experiencing a shortage of some types…
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US actions to protect steel industry do not address the root of the problemUS efforts to protect its steel industry will not address the sector's fundamental problems that stem from past protectionist measures, the Chinese Ministry of Commerce said. The comments were posted on the ministry's website in line with a decision made Friday by the US International Trade…
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World steel mills in April 2016World crude steel production in 66 countries reported by the World Steel Association (Worldsteel) was 135 million tonnes in April 2016, down 0.5% from April 2015. The crude steel capacity utilization rate of 66 countries in April 2016 was 69.2%, which is 3.6 percentage points lower than in April…
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The composition and production technology of 05GKhB steel from the Vyksa Steel Works are kept in the strictest confidence (Video)It took the specialists of the Vyksa Metallurgical Plant engineering and technology center almost three years to develop a new steel grade 05GKhB, which has already been called a breakthrough in technology. Steel surpasses many foreign counterparts in its characteristics. It is less susceptible to…
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Lukoil starts construction of a lubricating oil plant in KazakhstanOn May 19, the Russian oil company Lukoil began construction of a new lubricants plant in Kazakhstan in the Almaty region. The cost of the facility will reach at least $ 85 million. In addition, this year, 30 foreign investors plan to launch new production facilities in Kazakhstan. For example, the…
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