Metallurgy news
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The surplus of steel is unlikely to disappear quicklyThe World Steel Association this week painted a grim picture of future global demand, saying consumption of finished steel this year is likely to reach just 1,487 million tonnes, a 0.5 percent drop from last year, which in turn is 3 percent lower than in 2014. In October last year alone, the…
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MMK's main indicators for the first quarter of 2016In the first quarter of 2016, the total steel production of the MMK Group reached 3,025 thousand tonnes, which is 4.4 percent higher than in the fourth quarter of 2015, but 6.3 percent lower than in the first quarter of 2015. In the first quarter of 2016, the total steelmaking capacity utilization…
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US and Russia have no right to dictate terms to Turkey - Prime Minister DavutogluThe United States and Russia have no right to set conditions for Turkey to close the Turkish-Syrian border, Turkish Prime Minister Ahmet Davutoglu said, according to TRT Haber. He believes that the situation on the border with Syria is Ankara's internal affair “Only Turkey has the right to settle…
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India's steel import policy criticized at WTOIndia's decision to set minimum prices on imported pig iron and steel, as well as to impose emergency "guarantee" tariffs on some imported steel products, was widely criticized at a meeting of the World Trade Organization Council, a WTO official said. Japan drew attention to India on this issue and…
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Fiasco of negotiations of oil producers in QatarOn Sunday in Doha, negotiations on an oil freeze with the participation of 18 producer countries that want to raise the price of raw materials ended in failure. Participants said it "takes more time" to make a decision and freeze production. The meeting in Doha was not attended by one of the…
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New high quality pellets and concentrate from Lebedinsky GOKAt a technical conference dedicated to new properties and chemical composition of its products, Lebedinsky Mining and Processing Plant presented new iron ore pellets and high quality concentrate. They have reached a new level of production and are ready to supply raw materials to increase the…
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18 oil-producing countries meet in DohaRepresentatives of 18 oil-producing countries are taking part in a meeting in Doha with the aim of concluding an agreement between them to freeze production levels. Russia, Saudi Arabia, Qatar and Venezuela on February 16 at a meeting in Doha to support world oil prices agreed to maintain…
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Improvement in the steel market is possible only in 2017According to the World Steel Association this year, global steel demand will fall 0.8 percent. A slight increase of 0.4 percent can be achieved next year. The global market will be strongly influenced by a sustained slowdown in the growth of the Chinese economy, which may affect not only the price…
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German company will supply pipes for the construction of the offshore section of the TAP gas pipelineThe contract for the supply of 110 kilometers of 36-inch pipes for the construction of the Trans-Adriatic Pipeline (TAP) along the bottom of the Adriatic Sea from the coast of Albania to the southern coast of Italy was signed with the German company Salzgitter Mannesmann International GmbH. The…
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Production results of Dneprospetsstal in March and the first quarter of 2016The Dneprospetsstal electrometallurgical plant produced 20,152 tons of steel in March 2016, which is 23.1 percent more than in the previous month. During March, the plant produced 11,783 tons of rolled metal, which is 11.0 percent more than in February 2016. The total cost of commercial products…
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