Metallurgy news

• The West notes the desire of Russian aviation to reach a new level In response to sanctions from the European Union, the Russian Aviation and Space Salon MAKS was particularly impressive this year, according to Western media outlets. In addition to its missile business with Iran, Russia hopes to strengthen its military-trade partnership with China to offset the... 01.09.2015  10:39

• ENI discovers huge natural gas field off the coast of Egypt Italian energy group ENI announces the discovery of the largest known natural gas field in the Mediterranean Sea to date. Egypt can thus become an exporter of energy. Zohr's vast natural gas field could meet the country's energy needs for decades to come, the Italian company said. Combined with... 31.08.2015  13:34

• EU cuts anti-dumping duties on stainless steel imports from Taiwan The European Commission, the executive body of the European Union, has decided to reduce anti-dumping duties for exporters of flat stainless steel cold rolled steel (SSCR) products from Taiwan. The country's Ministry of Economic Affairs, citing the official magazine of the European Union, says... 31.08.2015  12:44

• Rusal hits record profits in Q2 Russian exporting companies benefit from the devaluation of the ruble. The world's largest aluminum producer, Rusal, achieved a record profit with an increase of 158 percent. Russian aluminum producer Rusal achieved these results thanks to a decline in the value of the ruble against the dollar... 31.08.2015  12:12

• USA increased steel imports in July The US imported a total of 3,243,000 tons of steel in July 2015, an increase of 5 percent. According to preliminary data from the American Iron and Steel Institute (AISI), the United States imported a total of 3,243,000 tonnes of steel in July 2015, including 2,578,000 tonnes of finished steel... 30.08.2015  13:09

• Tin shipments from Myanmar declined in July Exports of tin ore and concentrate from Myanmar declined slightly during July this year to China, which is the largest importer of these raw materials. However, Chinese imports of tin ore and concentrate from Myanmar experienced marginal declines during July this year. Imports from Myanmar... 30.08.2015  12:29

• Copper demand will recover only at the end of 2016 Santiago: The Minister of Mines of Chile, the largest copper producer, said that the price of copper could only recover from the recent downturn at the end of 2016. Speaking to reporters in Santiago, the minister noted that global markets should return to deficits by the end of next year. The... 30.08.2015  11:51

• EU anti-dumping duties do not help local stainless steel production Despite anti-dumping duties imposed on imports of cold rolled stainless steel from China and Taiwan, local factories in Europe continue to grapple with poor demand from a slowdown in the global economy led by China. In 2013, EU imports from China and Taiwan accounted for up to 17 percent of the... 29.08.2015  15:12

• Tensions rise in the US in the steel sector Next week, 30,000 US steelworkers are due to expire, including 2,300 at ArcelorMittal's Minnesota plant, which is now in its worst situation in years. Steelworkers rallies erupted across the country, including in Minnesota. This month, a Pennsylvania stainless steel plant, Allegheny Technologies,... 29.08.2015  14:48

• Severstal to invest 150 million rubles in a museum of advanced steels Severstal, one of the world's leading steel producers, is announcing the opening of the first of its kind metallurgical museum in Russia, designed to attract young talent to the rapidly growing industry. Severstal has already invested almost 150 million rubles in a project that should show young... 29.08.2015  13:00