Metallurgy news
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Steel production in the CIS countries decreased slightly in November 2015Crude steel production in the Commonwealth of Independent States (CIS) declined slightly by almost 1.7 percent during November 2015. Belarus, Kazakhstan, Russia and Uzbekistan reported declines in production during the month. The total steel production in Belarus decreased by 8.4 percent in…
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Saudi Arabia and Turkey agree on close cooperationSaudi Arabia and Turkey aim for close strategic cooperation at the highest level. The two states decided to create a joint council that deals, inter alia, with security issues, and also agreed to increase military, political and economic cooperation, said Foreign Minister Adel Al-Jubair. Earlier…
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Chile's copper mines continue to make money amid falling pricesChile, the world's largest copper producer, surprised investors by publishing a report on its mining industry. According to the data, the average cash cost per pound of copper produced in the country in the second quarter of 2015 was $ 1.625 /lb, compared with an average cost of $ 1.655 /lb in the…
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EU-28 steel production continues to fallSteel production across the EU-28 fell 7.5 percent in November year-on-year, according to the latest data released by the World Steel Association. The region's output for the month amounted to 13.160 million tons, which is almost 3.8 percent lower than in the previous month. The UK posted the…
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UK manufacturers may cut tens of thousands of jobs in 2016The mill's manufacturing industry is slated to cut tens of thousands of jobs in 2016, despite forecasts for growth in the sector, the UK's Engineering Federation of Employers (EEF) said. The industry expects modest growth next year after the recession in 2015, but that will not stop businesses from…
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World steel prices fell in DecemberGlobal steel prices remain under pressure due to sluggish global demand and high inventories. In North America, steel prices continued to weaken throughout December amid lackluster domestic demand, while a strong US dollar discouraged exports. Shoppers are postponing purchases that may resume after…
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EU policy in Ukraine poses a threat to the worldThe Association Agreement between Ukraine and the EU ignores the geopolitical situation in Ukraine and its ties with Russia. This agreement is more than just a trade agreement. The agreement is a global political dynamite, experts say. Crisis-ridden Ukraine is unlikely to benefit from this…
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Stainless steel price plummeted in 2015The past year has been another challenging period for stainless steel producers, distributors and traders in all regions of the world. In the "Stainless Steel Survey," MEPs report that consumption has not been raised to any significant value, while the price of metal has plummeted due to a decrease…
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German finance minister calls for EU armyGerman Finance Minister Wolfgang Schaeuble expects to increase spending on military operations of European states, the goal of which is a united EU army. This became necessary due to the refugee crisis. “We will have to spend a lot more money on common European defense initiatives. Ultimately, our…
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Russia and India will form a strategic partnershipRussia and India are planning to further advance the "strategic partnership". Relations between the countries must be strengthened at the political and economic levels, Russian President Vladimir Putin said at a meeting with Indian Prime Minister Narendra Modi in Moscow. During the meeting, new…
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