Metallurgy news
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European lawmakers voted to tighten vehicle emissions controlsEuropean politicians on Wednesday voted to accelerate the process of tightening rules for compliance with pollution limits for cars after US regulators caught Volkswagen AG tampering with vehicle performance tests. VW could be fined $ 18 billion for cheating on emissions levels. The executive body…
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NATO criticizes the Ukrainian government for the first timeNew, sharper tones appeared in NATO's demand for Ukraine to adhere to the Minsk agreements. It was also noted that the unauthorized blockade of Crimea with the support of the right-wing forces began without obstacles from the Kiev government. NATO Secretary General Jens Stoltenberg called on…
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Hebei plans to build a plant in South Africa in 2017China's Hebei Iron and Steel Group plans to build a 5Mtpa steel plant in South Africa in 2017, a company spokesman said. Zhang Hai, vice president of Hebei Iron and Steel, said at an industry conference, "We are currently choosing a location for the construction of the plant." Zhang said the…
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The World Bank significantly lowered the forecast of Ukraine's GDPRecently, the World Bank revised its forecast for the economic development of Ukraine for 2015, taking into account the decline in production, to minus 12 percent of GDP. This is evidenced by the program documents prepared at the end of August in connection with the allocation of a loan of $ 500…
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Global steel production to fall for the fourth month in a rowGlobal crude steel production contracted for the fourth straight month in August, mainly due to declines in production in China and Japan, the two largest steel-producing countries in the world. Global steel output in August was down 3 percent to 132 million tons compared to August last year…
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Merkel agrees to deploy new US nuclear bombs in GermanyThe United States is beginning to deploy new nuclear weapons in Germany, although the Bundestag in 2009 decided by majority vote that the United States should withdraw its nuclear weapons. But German Chancellor Angela Merkel changed the situation. Instead, German taxpayers will now have to pay to…
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Thailand's largest metallurgical company SSI agreed to defer debtsSahaviriya Steel Industries and three of its major lenders said they had reached an agreement on a $ 1.4 billion debt restructuring agreement. Thailand's largest steel company Sahaviriya Steel Industries (SSI) and its three major creditors have said they have agreed to consider options for…
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Severstal increases supplies to car manufacturersOver the past eight months of 2015, Severstal increased shipments of high-strength steels with the Bake Hardening effect by 42 percent year-on-year. Since the beginning of the year, Severstal has supplied 7,000 tonnes of these products to AvtoVAZ, General Motors, Hyundai-Kia, Volkswagen, Ford…
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Recession in Canada leads to a sharp drop in US steel exportsUS statistics showed that steel exports from the country fell to 813.053 tons in July this year, down 8.1 percent from a month earlier and 20 percent from the previous year. Most of the steel products from the United States of America (USA) are exported to Canada and Mexico, where steel is mainly…
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The most expensive blue diamond will be presented at the auctionA rare, impeccably blue 12 carat diamond known as the Blue Moon may soon become the most expensive gemstone ever sold at auction. It is expected to bring in up to $ 55 million when it goes under the Sotheby's hammer on November 11 in Geneva. To set a world record for the price of an auctioned…
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