Metallurgy news

• MMK announces profit in Q1 2015 The largest steel producer in Russia, Magnitogorsk Iron and Steel Works (MMK), reported a net profit of $ 196 million for the 1st quarter of 2015, based on financial results presented in accordance with IFRS. In a statement, the company noted that a year earlier, the first quarter ended with a net... 12.06.2015  13:43

• Severstal-SMC-Vsevolozhsk opened a service center A joint venture between the Russian PJSC Severstal and Japan's largest financial and industrial group Mitsui, ZAO Severstal-SMC-Vsevolozhsk, has presented a new service center. The joint venture was established in 2010 with the aim of further processing Severstal's automotive steel sheet along the... 12.06.2015  12:48

• China's steel production continues to fall Steel production in China fell 1.7 percent to 69.95 million tons in May from a year earlier, and output in January-May was 340.17 million tons, down 1.6 percent from the same period last year. At the same time, exports from the country continue to grow. Government data showed that this is due to... 11.06.2015  14:07

• Russia provided 10 percent of the world's energy resources in 2014 - BP Oil company British Petroleum (BP) said in its Statistical Review of World Energy that Russia provided 10 percent of the world's energy resources in 2014. According to BP, Russia is behind the United States in terms of fossil fuel production. Russia accounted for 12.7 percent of world oil... 11.06.2015  13:13

• Export of iron ore from Ukraine increased by 14 percent The latest statistics published by the State Statistics Committee of Ukraine show that iron ore exports from Ukraine increased significantly during the first five months of 2015 at an annualized rate. This was reported by the Belbud-Plast company, which offers windows in Kiev and other cities of... 11.06.2015  12:01

• Coal use in Poland raises concern in EU Poland's dependence on coal as its main source of fuel has resulted in high levels of air pollution that are considered to be among the worst in Europe. In addition, there has been a decrease in the life expectancy of the average resident due to health problems associated with excessive use of... 10.06.2015  13:28

• Ukraine needs new gas contract with Russia to avoid supply disruptions to EU Ukraine will have to negotiate a new gas supply deal with Russia at a time when the risks of an escalation of the conflict between the two countries have re-emerged. The gas deal with Russia's Gazprom expires at the end of the month, and Ukraine needs fuel to replenish its reserves ahead of... 10.06.2015  12:43

• CZP increased its net profit by 441 percent in the 1st quarter The leading zinc producer in Russia, Chelyabinsk Zinc Plant (CZP), announced a 121 percent increase in revenues to RUB 6.913 billion in the first quarter of 2015 and a 289 percent increase in gross profit to RUB 2.541 billion compared to the same quarter last year. of the year. CZP's profit... 10.06.2015  11:59

• India's steel imports rise 58 percent in May Steel imports to India rose to nearly 1 million tonnes, creating a difficult situation for domestic steel producers facing price pressures from cheap imports from countries such as China and South Korea. On the other hand, the good news for the industry is that steel consumption rose 6.8 percent... 09.06.2015  14:00

• China increased exports of finished rolled products in January-May 2015 According to the latest data released by China Customs, exports of finished rolled products increased in the first five months of 2015. However, imports of finished steel into the country registered a decline during the above period, although China is seeking to raise infrastructure spending and... 09.06.2015  12:57