Metallurgy news
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EU introduces import licenses for carbon and stainless steelOver the next four years, licenses will be required to import steel into the European Union. This is one of the mechanisms used to support the steel industry. The slogan of the European Commission - “Steel: preserving jobs and growth in Europe”, requires the introduction of an import license, which…
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Merkel invites Japan to join NATOThe German Chancellor in March 2015, during a visit to Tokyo, proposed to Prime Minister Shinzo Abe that Japan join NATO, according to The Japan News. According to the publication, Merkel told Shinzo Abe: “Why not (Japan) join NATO? I can convince British Prime Minister (David) Cameron and French…
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Copper is falling in price, and investors are staring at ChinaCopper prices on the New York Metals Exchange are falling as investors assess the prospects for stimulating the Chinese economy and give signals to brokers. Copper prices are driving many trends in the global economy. Copper plays an important role in modern technology. It has served humanity for…
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Global gold demand fell 24 percent in Q1 2016Gold demand amounted to 781 tons in the first three months of this year, down 24 percent on an annualized basis. The sharp decline in demand was mainly due to a significant drop in demand from key Asian consumers, including China and India. The sharp rise in gold prices during the first quarter led…
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Almost a million Ukrainians came to work in Poland in 2015A new group of migrants has appeared in Poland, who came to the country for the first time after the outbreak of the armed conflict in the eastern part of Ukraine and in connection with the worsening economic situation. Ukrainians are mainly employed in repair and construction work and in the…
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ArcelorMittal Kryvyi Rih is the main supplier of steel for the new Chernobyl sarcophagusDuring the construction of a new sarcophagus at the nuclear power plant in Chernobyl, 200 thousand tons of steel are used. Construction, ongoing for several years, should protect the damaged reactor for the next 100 years. Construction will be completed next year. The dome itself will require…
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Refined zinc use will grow by 3.5 percent in 2016According to forecasts of the MGISC, global demand for refined zinc will grow by 3.5 percent to 14.33 million tons in 2016. At the same time, the world demand for refined zinc will exceed supply by 352 thousand tons during the current year. Growth in infrastructure investment in China will be the…
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Russia has sharply increased the export of steel scrapThe latest statistics released by the Russian trade department show that the export of scrap steel in the country has increased significantly during February this year. Exports of scrap metal during the month were significantly higher than a year earlier. In many regions of Russia, an increase in…
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Latest World Bank Commodity Price Forecast 2016John Buffes, World Bank Senior Economist in charge of the latest commodity price forecasts, said: “We expect energy and commodity prices to be slightly higher than at the beginning of this year as markets gradually return to equilibrium after a period excess supply ”. “However, we believe that…
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Top 10 global steel producers in March 2016World crude steel production stood at 137.322 million tonnes in March this year. Monthly production declined marginally, by 0.5 percent, year on year. These results are calculated based on data provided by 66 countries, which accounted for about 99 percent of total global crude steel production in…
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