Metallurgy news
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Steel production of Russian Severstal increased in Q1PAO Severstal announced its results for the first quarter of 2016, which show an increase in steel production by 6 percent qoq to 2.91 million tonnes. Steel sales fell 6 percent quarter-on-quarter to 2.46 million tonnes due to seasonal factors and the modernization of the CherMK plant, which will…
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Tests of a new Ebola vaccine to be conducted at the RUSAL medical center in GuineaUC RUSAL, a major global aluminum producer, became one of the organizers of the round table “Russian vaccine against Ebola: first lessons and a look into the future”. RUSAL has been operating in Guinea for over a decade and has become the country's largest foreign employer, and also opened a…
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US to allocate $ 50 million to UkraineDuring the meeting, Deputy Minister of Internal Affairs of Ukraine Serhiy Yarovoy and Assistant Secretary of Defense of the United States Michael Carpenter made a statement that the United States was going to allocate about $ 50 million to support the National Guard and the State Border Service of…
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The European Union plans to discuss the possibility of importing gas from Iran to the EUThe European Commission, led by Federica Mogherini, will visit Iran on April 16 to discuss “potential interaction and cooperation, which includes energy, economic relations, transport, environment, migration, humanitarian aid, drugs, civil defense, science and cooperation in the field of peaceful…
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Copper prices rise significantly on the back of stronger imports in ChinaCopper prices on the London Metal Exchange are rising strongly in response to the surge in metal imports from China. Copper on the LME is valued at $ 4,850.00 per tonne, after rising 1.8 percent. In March, China's copper imports rose 36 percent to a record 570,000 tons, according to data released…
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Electricity is more expensive for Polish metallurgists than in Germany and FranceEnergy-intensive companies in Germany and France pay much less for electricity than their counterparts in Poland. This is the conclusion made by Polish experts, comparing the components of the cost of electricity resource-intensive enterprises in Poland, Germany and France. In France…
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Chinese Ambassador to UK Demands Joint Efforts to Address Steel Sector CrisisChinese Ambassador to the UK Liu Xiaoming called on both countries to work together to address the current crisis facing the steel industries of both countries. Liu noted that by blaming each other, we will not find any solution to the problem. He believes that China is being made a "scapegoat"…
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European Investment Bank provides a loan to UkraineThe European Investment Bank (EIB) is providing Ukraine with a loan of 400 million euros. The loan is intended to be injected into the real sector and into construction companies, especially small and medium-sized enterprises, which should benefit from the money of EU taxpayers. How the funds are…
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Doha meeting may not live up to expectationsThe renowned American expert Edward Chow believes that the upcoming meeting of the main oil producers in Doha will only result in promises of further cooperation in order to stabilize the market. Chow is a Senior Fellow at the Center for Strategic and International Studies in Washington DC. Oil…
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Brazil voted to impeach President RousseffIn connection with the alleged violation of the budget law by President Dilma Rousseff, the Brazilian Parliamentary Commission voted to impeach. The issue of removing the president from office will be considered in the lower house of parliament. In order for the request to go to the Senate, it must…
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