Metallurgy news
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MMK starts production of high-strength steelsThe Magnitogorsk Iron and Steel Works has mastered the production of high-strength and wear-resistant steels under the MAGSTRONG brand. In January of this year, the first batch of new high-strength steels, widely used by Russian consumers, was shipped. Shipment of steels to the branches of the MMK…
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Iron ore price has jumpedIron ore is up $ 45.60 a tonne this week, according to Steelindex. Steelmaking raw materials have gained 6.3 percent since the start in 2016, reaching their highest level since mid-November. Late last year, the price dropped to nearly a decade low of $ 37 per tonne, but is now firmly back in the…
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Thyssenkrupp expands in response to new orders from the automotive sectorThyssenKrupp's Technology Components business has announced an expansion in a new headquarters in Germany to accommodate new orders from the automotive industry, the company said. The Elevator Steel and Automotive Group is planning to move its Bilstein headquartered unit in Ennepetal, North…
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Oil rises in price amid expectations of negotiations between Russia and OPECWorld oil prices on Tuesday continued positive dynamics amid investor optimism, in connection with reports that the ministers of several OPEC countries and Russia will meet later on Tuesday to negotiate on the state of the oil market in the capital of Qatar, Doha, which is confirmed by trading…
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Toyota starts assembling cars againToyota said on Monday that it has resumed operations at all transport assembly plants in Japan after a six-day downtime and intends to maintain its role as a global leader in vehicle manufacturing. The world's largest automaker said earlier this month that it is forced to temporarily halt all…
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SSAB is going to strengthen its position in 2016The Swedish high-quality steel company SSAB has set itself the goal of achieving leading profitability in the steel industry. However, operating profit for the full year of 2015 was negative and a loss of SEK 128 million ($ 15.2 million) compared to a SEK 894 million ($ 106 million) profit in 2014…
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In response to the Ukrainian blockade, Russia stops the transit of goods from UkraineRussia reacted to the transport blockade of Ukraine against Russian carriers and refused a license for the transit of goods from Ukraine. The restrictions adopted in Russia will harm the Ukrainian economy, but it seems that "Ukrainian activists" are ready to further impoverish their country, just…
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Indonesian Tin Exports Down 63 Percent In JanuaryPreliminary statistics released by Indonesia's Ministry of Commerce show a sharp drop in tin exports during January this year. Regulatory governing bodies that administer have influenced the supply of tin from the country. Indonesia exported 2,486 tons of tin in January this year, according to the…
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Putin and Obama discuss settlement in SyriaA telephone conversation took place between Russian President Vladimir Putin and US President Barack Obama to discuss the settlement of the situation in Syria, according to the Kremlin press service. In the center of the exchange of views were the issues of the Syrian settlement. Both sides gave a…
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Global steel scrap market to reach 633 million tonnes by 2020The latest report, published based on research from TechNavio, predicts that the global steel scrap market will reach over 633 million tonnes by 2020. In addition, the market will be dominated in Asia with volumes exceeding 258 million tonnes. The report titled "Global Steel Scrap Market 2016-2020"…
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