Metallurgy news
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US Manufacturers Oppose China's Market Economy StatusA group of leading American industrial groups have formed a new coalition to oppose the granting of "market economy" status to China. The new coalition noted that granting market economy status to this country would result in job losses in the domestic manufacturing industry. US manufacturers claim…
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EU wants to facilitate entry for Ukrainians from AprilThe EU Commission intends to submit a proposal to liberalize the visa regime with Ukraine in April. Both sides are interested in making it easier for their citizens to travel, European Commission President Jean-Claude Juncker said Thursday after meeting with Ukrainian President Petro Poroshenko in…
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ArcelorMittal closes another plant in SpainArcelorMittal stops long products at Zumarraga and reassigns employees to other factories. This is the second time in two months that production lines have been cut in Spain. The company attributes this move to extremely difficult market conditions, which have led to a 20 percent decline in…
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EU unveils plans to fight for survival of metallurgyPlans for the European Commission, the EU's executive office, include speeding up tariffs on imports that are “discarded” at below market prices and changing the rules that limit the level of tariffs that the EU can apply to imports to become global competitors, chief among them China. The measures…
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Russian proven oil reserves will run out in 28 yearsSergei Donskoy, Minister of Natural Resources and Environment of the Russian Federation, said in an interview that Russia's proven oil reserves will last a little more than 28 years, so it is necessary to continue exploration drilling. “In terms of proven reserves, production will only be secured…
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Deutsche Bank reduces participation in metallurgyThe largest German bank decided to reduce its participation in the metals and mining industry due to the increased risk associated with the industry. “Our strategy is to reduce our loan portfolio, which currently stands at € 10 billion, due to the increased risk associated with this industry,”…
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Warsaw and London unite to fight steel imports from China and RussiaDuring a visit to London, Poland's Deputy Development Minister Morawiecki told reporters that the two countries intend to join forces to persuade the European Commission to initiate anti-dumping procedures against China and other countries. In the case of the UK, Germany and France, the main…
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Oil prices are risingToday, world oil prices are trading higher on the back of data from the American Petroleum Institute (API) on the volume of oil reserves in the United States. As of the morning, the price of May futures for North Sea Brent crude oil rose to $ 39.10 per barrel, or 0.93 percent, the price of April…
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Manufacturing capacity of steel plants in India is growingAccording to the Indian government, the production capacity of the local iron and steel industry increased by 6.5 percent and will continue to grow thereafter. According to the information provided by the Minister of Steel of India Narendra Singh Tomar, the production capacity of metallurgy in…
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Will Russia Increase Oil Exports in 2016?Esai Energy analysts predict that Russian exports via pipelines and from seaports in the Far East directly to Asia will increase by 50,000 barrels per day. While the rest of the increase, which is about 130 thousand barrels per day, will come from European ports. In total, export growth may reach…
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