Metallurgy news
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Tata Steel sells UK's largest Scunthorpe plantIndian steel company Tata Steel sold some of its production assets to UK investment fund Greybull Capital on Monday, saving thousands of jobs, but not deciding the fate of the UK's largest steel mills. At the end of March, struggling with the effects of declining global demand for steel, Tata Steel…
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Steel exports prevent China from gaining market economy statusThe flow of Chinese exports of steel products is damaging the country's market economy status, the head of the steel association said at a conference in Beijing on Saturday. China Iron and Steel Association Secretary General Liu Zhenjiang said the 2016 price recovery created a "vicious circle."…
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Suicide bombers blew themselves up near the police station in the Stavropol TerritoryThe GUMVD in the Stavropol Territory confirmed the information about the attack on the OVD. Three alleged suicide bombers blew themselves up outside the police station in the Stavropol Territory. The fourth attacker, according to preliminary information, was destroyed, there is no information about…
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The Nagorno-Karabakh conflict continuesThe press service of the Azerbaijani Defense Ministry reports that over the past day, the Armenian Armed Forces violated the ceasefire in various directions of the contact line of Azerbaijani and Armenian troops 117 times. Taking into account the operational situation, the Azerbaijani Armed Forces…
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UK submarines return to the ArcticThe presence of submarines in the Arctic is associated with the need to move under a thick layer of ice. This practice was used during the Cold War. But after the explosion on one of the submarines in 2007, the UK abandoned this venture. However, London is currently ready to return its submarines…
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Chile's copper exports fell 15 percent in the first quarter of 2016The latest data released by Chile's central bank indicates that copper exports fell sharply by 15 percent during the first three months of this year. The country's copper exports in the first quarter (January-March) of 2016 amounted to $ 6740 million in monetary terms. Then, as the Chilean copper…
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China needs to close more than 200 million tons of steel capacityThe Ministry of Industry and Information Technology of the People's Republic of China has calculated that in the coming years it is necessary to reduce the country's steelmaking capacity by at least 200 million tons. This was announced by Luo Teirong, deputy head of the raw materials department at…
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Investment agreement signed for the TAPI gas pipelineIn Ashgabat, an investment agreement was signed between the Shareholders of the international consortium TAPI Pipeline Company Limited on the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. It is known that the initial budget of the project exceeds $ 200 million and…
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Oil has passed the $ 40 milestone in anticipation of a meeting in DohaOil prices rose on Friday and may be in positive territory by the end of the week on the back of data on cuts in US production and ongoing preparations for a meeting of oil producing countries in Doha. On the London Stock Exchange, quotes for June futures for Brent crude rose 1.6 percent and…
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The global market for long products will grow by an average of 5 percent until 2020According to the report of the research company WiseGuyReports, the widespread use of rolled steel in the cocking of bridges and columns, industrial and civil construction will increase the demand for these products in the world market and in Russia, in particular. In turn, Neva Metalwork Plant…
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