Metallurgy news
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Gold declines in anticipation of the US Federal Reserve meetingGold is getting cheaper in trading this week, as investors await a meeting of the US Federal Reserve System (FRS) on the interest rate in the framework of monetary policy in the country. The price of April gold futures on the New York Stock Exchange Comex fell to $ 1,243.7 per troy ounce, by $…
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US scrap metal exports fell 47 percent in JanuaryUS scrap exports during January 2016 totaled 552,559 tons, according to government data. Exports in January of this year were down 47 percent when compared with exports in the same month of the previous year. The country exported 1.04 million tons of scrap in January 2015. Turkey was the largest…
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Oil production started in the Barents SeaOil production began in the Barents Sea as a result of the completion of a joint project between Italian ENI (with a 65 percent share) and Norway's state oil company Statoil (with a 35 percent share). Oil production in the Barents Sea is carried out on the northernmost offshore oil platform…
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Ban Ki-moon condemned the terrorist attack in AnkaraUN Secretary General Ban Ki-moon condemned the terrorist attack on March 13 at 18:45 in the heart of Ankara. At the bus stop next to Guven Park, an explosion thundered at the moment of a large crowd of people. As a result, one municipal bus and several vehicles completely burned down. The head of…
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Iran considers the possibility of limiting oil productionIran is ready to discuss issues on freezing its production with the largest oil-producing countries, but after reaching the level of production of four million barrels per day, as stated by Iranian Oil Minister Bijan Namdar Zangane. In his opinion, the oil producing countries should give Iran the…
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US urged to investigate sharp increase in Chinese aluminum importsAluminum companies in the US have demanded an investigation into the Chinese government's subsidies to aluminum producers. This is taking place against the backdrop of a sharp increase in imports of finished and semi-finished aluminum products from China to the United States. A team of researchers…
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Stainless steel demand will grow 3 percent annually until 2019Global demand for stainless steel products aims to reach 38.0 million tonnes this year and 39.2 million tonnes in 2017. Global consumption expects a CAGR of about 3 percent from 2016 to 2019, Finnish stainless steel maker Outokumpu said in its 2015 annual report. Global demand for stainless steel…
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Turkey plans to acquire coal mines in UkraineTurkey intends to get the coal mines of Ukraine, according to the Turkish newspaper Enerjigunlugu. In addition, Turkey is going to lease a gas storage facility in Ukraine. Last year, the Ukrainian government made a decision to reform the coal industry. According to this decision, 10 enterprises in…
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Brazil doubles long products exports in FebruaryBrazil shipped 52,430 tonnes of long products in February, double the 22,186 tonnes shipped in the same period last year, according to the Commerce Department. Total sales follow a 73.9 percent year-over-year growth trend to $ 26.14 million FOB from $ 15.03 million FOB. Rebar contributed 34,817…
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American oil company Chevron cuts thousands of workersChevron announced it is eliminating 4,000 jobs this year. In addition, the US oil company is cutting its budget for the next two years by at least 17 percent. The reason for the company's austerity is falling oil prices and a recent quarterly loss of $ 588 million. After its first quarterly loss in…
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