Metallurgy news
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Austrian steel giant receives large order from RussiaThe Austrian group Voestalpine will provide several hundred thousand tons of special plates for the construction of the Nord Stream 2 gas pipeline. This is the largest order the Group has received in its history. The exact figures for the volume of orders have not yet been published. Nord Stream 2…
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Chinese company interested in oil giant RosneftThe Chinese state oil company would like to become part of Rosneft. In this connection, consolidated negotiations with the Russian government are planned. Plans to privatize Russia's largest oil company, Rosneft, have caught the attention of China. China National Petroleum Corp (CNPC) announced…
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Europe celebrates Steel DayThe fortieth anniversary of the European Iron and Steel Association Eurofer is celebrated as part of the European Steel Day. The slogan of this year's event - “Building the future as strong as steel” - shows the strategic importance of steel for the EU economy. Geert Van Poelvoorde, CEO of Eurofer…
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EVRAZ - operating results for the first quarter of 2016EVRAZ announced its operating results for the first quarter of this year. Total steel production remained flat in the fourth quarter of 2015 at 3.5 million tonnes of steel. During the first three months of 2016, the company's Russian metallurgical plants operated at full capacity. Steel production…
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Unexpected success for Russia in the dispute over YukosIn the billion-dollar dispute over the Yukos oil company, Russia has achieved surprising success. Accordingly, Russia will not have to pay even $ 50 billion to former Yukos shareholders. A court in the Netherlands overturned a decision that ordered Russia to pay billions of dollars in compensation…
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Oil price peaks since December 2015The price of a barrel of Brent crude exceeded $ 46. The cost of futures contracts for delivery in June 2016 for Brent crude oil on the London Stock Exchange rose to $ 46.05 per barrel, up 0.55 percent. This price is the highest since the beginning of December last year. Oil rises on the information…
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World crude steel production fell slightly in MarchAccording to the latest statistics released by the World Steel Association, crude steel production in 66 countries was 137.322 million tonnes in March this year, down slightly 0.5 percent from 138.002 million tonnes in the same month a year earlier. The total crude steel production of the EU-28…
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LUKOIL is building a large-scale gas processing plant in UzbekistanRussian oil company LUKOIL has begun construction of the Kandym gas processing complex (GPP) in Uzbekistan. On April 19, the foundation stone-laying ceremony for the Kandym gas processing plant took place. The first stage of construction of the complex and the development of the Kandym group of…
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Chinese company buys unprofitable Serbian metallurgical plantThe Chinese company Hebei Iron and Steel Group (HBIS) has signed an agreement to purchase a steel plant in Serbia in the town of Smederevo. On Monday, a $ 52 million deal was signed with the Serbian government, which has struggled for years to find a buyer. HBIS President Yu Yong says that the…
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Russian defense orders in 2017 will reach their maximum levelRussian President Vladimir Putin said that orders from the national defense industry will reach a maximum level in 2017. He noted that companies should consider converting and diversifying production during this period. He noted that the defense industry has begun to produce competitive equipment…
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