Metallurgy news
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Belarus and Russia are working on changes to the formula for the price of Russian gasThe energy ministries of Russia and Belarus have been instructed to submit proposals to change the price formula for Russian gas, as said by the Minister of Energy of Belarus Vladimir Potupchik. “Serious work is underway with the Russian side on this issue. The other day it was discussed during the…
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Top 10 steel producers in the world in January 2016According to the latest statistics released by the World Steel Association, global crude steel output from the 66 reporting countries totaled 127.724 million tonnes in January this year. The monthly issue was down 7.1 percent from the same month a year earlier. These 66 countries produce about 99…
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Iran sees direct threat in oil production freezeA possible agreement to freeze the level of oil production between OPEC members and other oil producers is directed against Iran, the Iranian government said. A government spokesman for that country, Mohammad Bagher Nobakht, said: "This means that oil-producing countries do not want to recognize…
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Asia's steel production fell 7 percent in JanuaryAccording to the latest figures released by the World Steel Association, crude steel production in Asia fell 6.9 percent this year during January 2016, up from the same month a year earlier. China's total crude steel production in January this year was 63.214 million tons (based on CISA estimates)…
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Russia restricts gas supplies to TurkeyState energy giant Gazprom has cut gas supplies to Turkey. According to the post, due to a price dispute with buyers. Russia is the most important gas supplier to Turkey, exporting 28-30 billion cubic meters of gas a year worth $ 6.5 billion. Turkey receives from Russia 60 percent of gas and 35…
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South American steel production fell 15 percent in JanuarySouth America's monthly crude steel production continued to decline throughout January 2016. South American steel production fell sharply during the first month of this year, according to the latest figures released by the World Steel Association. Total monthly production fell 14.6 percent to 3.251…
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China seeks dialogue with EU on steel importsChina has offered to negotiate between the government, Chinese firms and the European Union to resolve trade disputes between the two regions over the import of steel from an Asian country. Chinese Commerce Minister Gao Hucheng, at a press conference, spoke of the need to settle the issue during…
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Turkish Air Force received a system capable of "blind" the Russian S-400The state-owned Turkish corporation Aselsan has created the latest electronic warfare system KORAL, which has been transferred to the Turkish Air Force. It is reported by the Turkish TV channel TRT Haber. The KORAL mobile ground-based electronic suppression station has become the newest addition to…
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Tokyo Steel Announces First Steel Price Cut in Four MonthsJapanese steel giant Tokyo Steel Manufacturing Co. Ltd. announced its first price cut in more than four months. The company has decided to cut prices for I-beams and hot rolled coils, which have remained unchanged since October last year. The company named the weak steel market and the growing…
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First US shale gas to be exportedCheniere Energy Inc. loads LNG into a tanker from its export terminal in Louisiana and says the first shale gas from the US could be ready to ship within days. Cheniere loads the first vessel to make shale gas available to the global market. Thanks to the boom in shale drilling, the United States…
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