Metallurgy news
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China's iron ore imports and steel exports hit recordsAccording to the latest customs data, Chinese imports of iron ore in December increased 17 percent from the previous month. In December 2015, imports totaled 96.27 million tons, up from 82.130 million tons in November. The country's annual imports of iron ore rose 2.2 percent, totaling 952.72…
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US exempts Turkish steel exporters from special tariffThe US Department of Commerce has ruled that Turkish steel exporters will be exempted from additional customs duties imposed on overseas companies that receive subsidy payments, the Turkish Steel Exporters Association said in a statement. The US Department of Commerce ruled that Turkish producers…
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Makeevsky Metallurgical Plant moves to MariupolThe Dutch mining and metallurgical holding Metinvest continues to register its assets from the ATO zone to the territory of Ukraine controlled by Kiev. As reported in the press service of the company, today the "move" to Mariupol of Donetskkoks and Komsomolsk mining administration has been…
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Aluminum consumption may hit record high in 2016The world's leading aluminum producer Alcoa believes that aluminum consumption should reach a record level this year. The company predicts that global aluminum consumption will grow 6 percent in 2016. Despite reports of weak economic data coming from China, the company expects. that the demand for…
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A resident of the Zaporozhye region stole about 250 thousand hryvnia from the account of volunteersVolunteers from Ukraine, collecting funds for wounded soldiers who defended Ukraine during the ATO in Donbass, became victims of a 30-year-old murderer. Residents of various cities who responded to the mountain transferred money to a bank card of a volunteer company. At that time, a criminal who…
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Zimbabwe accepts the yuan as its international currencyChina's currency has certainly been in the spotlight last year, but the milestone was an event in late 2015 that garnered a lot of attention. On December 22, 2015, Zimbabwe became the first country to accept the Chinese yuan as its main international currency. Zimbabwe's Finance Ministry announced…
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Strike halts operations at BHP's Chilean copper mineWorkers at BHP Billiton at the Cerro Colorado copper mine in northern Chile have gone on indefinite strike as negotiations to raise wages ended without reaching an agreement. Union leaders warned on Friday that workers will go on strike if the company does not provide a better wage offer. The…
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Luhansk authorities appointed Sverdlovsk machine plant administrators from among the employeesAt OOO Sverdlovsk Machine-Building Plant (SMZ), a new directorate was presented - a temporary administration appointed by the authorities of Lugansk to resume the work of the enterprise. This was reported in the Lugansk Information Center (LITS). According to the message, all members of the interim…
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Impact of oil on the world economyThe fall in oil prices has several consequences. This leads to job losses in the oil industry, and oil-related companies are forced to cut costs - or go out of business. More than three dozen large companies in the world have already filed for bankruptcy. Oil also plays a large role in…
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Alcoa announces the closure of its Indiana aluminum plantOne of the largest aluminum producers, Alcoa, has decided to permanently shut down operations at its Evansville, Indiana smelter. The Warrick plant, with a smelting capacity of 269,000 tonnes, will be closed by the end of March this year, the company said. However, the rolling mill and power plant…
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