Metallurgy news
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Russia increased oil production in MarchOil production in Russia reached high post-Soviet levels in March, as the success of a proposed freeze on crude oil production by OPEC members and other major producers was in doubt. Russia increased its crude oil and condensate output by 2.1 percent in March from a year earlier to 10.912 million…
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Japan's Sumitomo Metal plans to increase copper output by 6.1 percentSumitomo Metal Mining Co Ltd, Japan's second largest copper smelter, plans to increase copper output in fiscal 2016, which began Friday, by 6.1 percent from a year earlier, when production was hit by maintenance work. The company expects 445,200 tonnes of electrolytic copper to be produced in the…
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Steel prices rise for the third month in a rowFor the third month in a row, March saw a slow rise in prices on the global steel market. This is the result of a gradual improvement in demand in most markets and a decline in steel production. In February, global steel production fell 3.3 percent and China's 4 percent. Chinese production may fall…
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Ukraine has increased the production of pig iron by almost 25 percentThe production of iron and steel in Ukraine has been growing for the fourth month in a row, uaprom.info reports, citing data from the Metallurgprom industry association. In the first quarter of this year, Ukrainian metallurgists smelted 6.114 million tons of steel (+ 18.6 percent to the APRG)…
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Eurasian Commission introduced anti-dumping duties on steel from UkraineThe EEC has introduced duties for 5 years at a rate of 9-11 percent on the import of Ukrainian-made steel bars. In particular, an individual duty of 10.11 percent of the customs value is set for the Yenakiyevo Metallurgical Plant, for ArcelorMittal Kryvyi Rih - 9.32 percent. For other…
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Swiss banks want to make money on Russian privatizationUBS and Credit Suisse will advise on the upcoming privatization of Russian state-owned enterprises, apparently without violating sanctions. But first of all, experts make a business assessment, which includes a detailed calculation of all assets of the enterprise, namely structures, buildings…
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Partial privatization of the largest shipyard in UkraineThe State Property Fund of Ukraine (SPFU) sold a stake in the country's largest shipyard - the Black Sea Shipyard (ChSZ). It was sold on the Ukrainian Stock Exchange in Kiev, according to the rules of the Dutch auction (the asking price is gradually decreasing). This scheme was applied due to the…
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ThyssenKrupp buys property in HungaryThe German company Thyssenkrupp has bought a service center working to fulfill orders from the automotive industry. This will allow the company not only to increase its volume, but also to expand its capabilities - in addition to the ferrous metallurgy plant, it will also process aluminum and…
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Germany's scrap metal exports fell to 6-year low in 2015The latest statistics provided by the German Steel Recycling Federation (BDSV) indicate that the country's scrap exports in 2015 hit their lowest level since 2009. Germany's scrap steel exports totaled 7.366 million tonnes during 2015, down 16.3 percent from the previous year. German scrap exports…
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Tata Steel plans to sell factories in the UKTata Steel, Europe's second largest steel producer, has announced plans to sell its steel mills in Wales and England, threatening nearly 20,000 jobs. The decision was taken at a meeting of the company's board on Tuesday in response to unprofitable plants, which over the past five years have…
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