Metallurgy news
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Metallurgy is the main exporter of UkraineMetallurgy continues to maintain its position as one of the main industries that determine the country's economic level, despite the fact that production volumes have significantly decreased over the past two years. So, in 2014, the drop in production in the metallurgy was 14.5 percent and 16.4…
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World steel production fell 2.8 percent in 2015According to the latest statistics released by the World Steel Association, global crude steel production was 1,622.8 million tonnes in 2015, down 2.8 percent from 1,670.2 million tonnes in 2014. The total crude steel production of the EU-28 countries during December last year was 11.463 million…
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Russia wants to stabilize the situation with the issue of bondsThe Russian state budget is suffering from declining revenues from the oil business. Strong ruble volatility is slowing the flow of international investors. Therefore, Russia plans to issue bonds on the international capital market. The Treasury is also trying to encourage domestic investors to…
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Top steel producing countries in 2015Global steel production stood at 126.724 Mt in December 2015, with monthly production declining 5.7 percent year on year. The latest statistics released by the World Steel Association show crude steel yields from 66 countries around the world reporting data. These 66 countries accounted for…
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Russian metallurgists will dispute the introduction of export duties by TurkeyThe Turkish Ministry of Economy has set the level of dumping margin for Russian companies at 9.42 percent for NLMK, 12.43 percent for Severstal and 13.66 percent for Magnitogorsk Iron and Steel Works. The final decision of Turkey to impose a duty on Russian steel supplies is expected in February…
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Scrap metal prices fell by a thirdRecent trends in shipments of ferrous scrap from Europe to Turkey show a sharp drop in prices during 2016 compared to the previous year. The price of HMS I /II mix 80/20 scrap at Turkish refineries has reportedly dropped well below $ 200 /t CFR. It should be noted that Turkish factories were…
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Russia can easily handle oil prices below $ 20Bremer Landesbank's chief analyst, Volker Hellmeyer, has published an interesting analysis of oil prices. According to which countries such as Russia and Saudi Arabia will also be able to profitably extract oil at a price of $ 20, while the Western countries are threatened with disaster. The fact…
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In Kazakhstan, an American company starts miningHexagon Mining is increasing its presence in Kazakhstan after signing an agreement on two promising mines Bozshakol and Aktogay, which are owned and operated by KAZ Minerals. The high-growth American copper company is focused on large-scale, low-cost open pit mining. KAZ Minerals are focused on…
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The threat of revolution in RussiaPutin suspects that at some point there may be an attempt to foment a revolution in Russia. The danger should not be underestimated because the economic situation in the country is deteriorating. Experts believe that, above all, Putin is afraid of the possibility of an Islamist insurgency. The…
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Peru is set to become the world's second largest copper producer in 2016Peru plans to double its current copper production in 2016 and thus regain the world's second largest industrial metal. The country's total production is set to reach 2.8 million tonnes in 2016, up from 1.4 million tonnes in 2013, thanks to five major projects that are set to begin operations this…
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