Metallurgy news
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In 2016, wheat production in Ukraine may decrease by 28 percentIn the current season, wheat is likely to maintain its leading position in the Ukrainian grain market in terms of production and export volumes. According to APK-Inform analysts, the export potential of wheat in 2015/16 is 14.1 million tons. Active export of wheat strengthened Ukraine's position in…
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Turkey's terms on the refugee dealTurkey has formulated its conditions for concluding a deal with the EU: Ankara wants, as soon as possible, a visa-free regime to the Schengen zone for Turks; receiving three billion euros; Turkey also wants EU support for territorial expansion in Syrian territory. Expansion: Turkish President Recep…
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Russia's defense budget will be reduced by 5 percentThe budget of the Russian Ministry of Defense was previously planned to be cut by 10 percent, but now a decision has been made to cut it by 5 percent, according to Deputy Defense Minister Tatyana Shevtsova. The reductions will not affect social obligations to the military and the state armaments…
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Chinese authorities predict economic growth of 32 percent until 2020By the end of the 13th five-year plan, the total volume of China's economy will exceed 13.8 trillion. dollars or 90 trillion. yuan, as stated in the report of the government of that country. In 2015, China's GDP amounted to 67.67 trillion. yuan, which is about 10.3 trillion. dollars. The report…
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US steel industry is in crisisRob Robson, director of corporate logistics at Nucor, told the US Senate. The statement was made during his speech in the Senate, with the aim of increasing support for the domestic metallurgical industry, which, in his opinion, is in crisis. The Water Resources Development Act (WRDA) can also help…
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Copper price reaches its highest level in three monthsThe London Metal Exchange (LME) reported that three-month copper prices jumped to their highest level in more than three months. Copper reached $ 4,856 per tonne, the highest level since early November 2015, according to the LME's 3-month report. Rising hopes for a possible global economic…
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Oil price continues to riseOn Friday, world oil prices are in the "green" zone against the backdrop of investor optimism in connection with the fall in the production of "black gold" in the US for the sixth week in a row, as evidenced by the statistics of the country's Ministry of Energy and Friday trading data. As of Friday…
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China helps Russian companies weather the crisisChina and Russia are forging partnerships to break US dominance in the global economy. In order to get through the current crisis, the Bank of China is funding large-scale Russian companies. Russian energy giant Gazprom has secured a € 2bn loan from China. This is the largest loan the company has…
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PJSC "Zaporozhogneupor" completed the relining of converter No. 1 of PJSC "Azovstal" in record timePJSC "Zaporozhgneupor" has completed the lining of converter No. 1 of the metallurgical plant "Azovstal". 900 tons of refractories were laid in record time - in 64 hours The work, which was carried out around the clock, was carried out by a team of highly qualified refractory masons of the service…
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Russia and Azerbaijan are fighting for the European gas marketTwo Russian projects for gas supplies to Europe, the South and Turkish Streams, failed for various reasons. At the same time, the implementation of the Azerbaijani "Southern Gas Corridor" does not cause difficulties, which is confirmed by the meeting of ministers of various European countries…
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