Metallurgy news
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Jindal Steel opens rebar plant in OmanJindal Steel and Power Limited (JSPL) commissioned a 1.4 Mtpa rebar plant in Sohar, Oman. The plant is the largest in the Gulf and Africa region, and along with existing facilities, made JSPL the largest integrated steel company in Oman. The new capacities of the rebar plant will significantly…
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Russia may return troops to SyriaRussia does not rule out the resumption of operations in Syria "on a scale commensurate with the degree of threat" if the Islamic State and other terrorist organizations intensify hostilities and terrorist attacks against civilians, according to Valentina Matvienko, chairman of the Federation…
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Iran plans to acquire refineries in various countriesIran is going to buy shares of existing or under construction oil refineries in a number of countries around the world. The National Iranian Refinery Company (NIORDC) is in talks to acquire shares in a refinery in Spain. At the same time, a specific industrial facility is not specified, and…
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Gold price falls even amid terrorist attacks in BrusselsGold prices fell to a four-week low and the dollar's strength slowed, despite a suitable buying zone following Tuesday's attacks in Brussels. Precious metals fell more than 2% in morning trading in London and 2.4% to $ 1,218.60 an ounce on the New York Mercantile Exchange. Gold is under pressure as…
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Steel production drops againGlobal steel production in February was 120.412 million tonnes, reflecting a 3.3 percent decline on an annualized basis. Given the two months of the year, the decline was even greater and amounted to 5.2 percent. In the EU, the decline was more significant than the world average, reaching 6.3…
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Turkey must fulfill 35 conditions to cancel visa regime with the EUThe Association Agreement between Turkey and the EU was signed back in 1963. Ankara applied for EU membership in 1987, but accession negotiations did not begin until 2005. Full EU membership has continued to be a priority for Ankara for decades. Before the EU demanded that Turkey fulfill 72…
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Liebherr will supply a crane for LUKOIL's operations in the Caspian SeaLiebherr, Germany, and Lukoil-Nizhnevolzhskneft have signed a new contract for the supply of a Liebherr RL 1500-30 EX Litronic crane, which is to begin work on the platform of the Korchagin oil and gas condensate field in the Russian part of the Caspian Sea by the end of 2016. The Liebherr RL 1500…
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EU once again pretends to help metallurgistsThe European Commission has released another document on the protection of the iron and steel industry in the EU. However, it does not provide a solution to the problems posed by the EU itself. Steel: Maintaining Stable Jobs and Growth in Europe highlights the importance of the steel industry to…
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US Steel idles two plantUS Steel Corp., the second-largest US metal producer, said it plans to lay off 770 workers as it idles two factories that make products used in the oil industry. US Steel could cut as many as 450 jobs at its Lone Star Tubular Operation facilities in East Texas and 200 at Fairfield, Alabama, the…
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Explosions at the airport and metro in BelgiumBrussels airport confirmed that there were two explosions and that the airport was evacuated. People were also warned to stay away from the area. At this stage, the details and causes of the explosions are not clear. Belgian media reported that there are injuries and deaths. Television shows people…
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