Metallurgy news
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Significant progress has been made in the Ukrainian conflict for the first timeAfter the meeting in the format of the Normandy Four, German Foreign Minister Frank-Walter Steinmeier was optimistic that appropriate agreements between the warring parties could be signed in the coming weeks. In his statement, Steinmeier noted the following: We have already met seven times in the…
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IEA predicts a collapse of American oil production next yearThe International Energy Agency estimates that U.S. oil supplies will decline by nearly 400,000 barrels per day in 2016. Non-OPEC oil producing countries, including the US, will have to cut production significantly next year as continued low oil prices negatively affect the industry, giving Saudi…
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Iron ore price is approaching $ 60The price of iron ore has been boosted by recent gains as hopes for a resurgence in Chinese infrastructure spending and growth in commodity markets have sprung up, improving the outlook for the industry. The price of imported 62% Fe ore, including cargo insurance, at the Chinese port of Tianjin…
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Oil pulls back after conflicting signals from the USHONG KONG - Oil prices traded in a tight range on Friday in Asia, with few accents for investors after conflicting signals that hit the US market overnight. US oil production fell 83,000 barrels per day last week to 9.1 million barrels per day, the lowest level since January. This is seen as a sign…
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South Korea's steel imports continue to growSouth Korea's steel imports jumped nearly 14 percent in August from a year earlier, responding to strong demand from the country's construction sector, the latest data showed. South Korea imported 1.99 million tonnes of steel last month, up 13.8 percent from a year earlier, according to the Korea…
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French company Fives signs a 10-year contract with Baotou SteelThe deal includes the provision of technical support for the development and production of a wide range of high value-added automotive steels, including the latest advanced high-strength steels, throughout the entire manufacturing process. Fives will provide a high-end manufacturing process…
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Is the USA preparing the overthrow of Prime Minister YatsenyukUS neoconservatives criticize the line of US President Barack Obama and want to remove Prime Minister Yatsenyuk, as there have been allegations of corruption. The candidates for the prime minister's post are, closely related to the United States, former Georgian President Mikhail Saakashvili and…
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Mechel informs about restructuring of debt to VTBMoscow, OAO Mechel, a Russian mining and metallurgical company, announces the signing of agreements on the restructuring of the debt to VTB Bank in the amount of 70 billion rubles. Borrowers under the credit lines are Mechel OJSC and the Group's subsidiaries such as Yakutugol OJSC, Yuzhny Kuzbass…
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NLMK Group Increases Lighting Energy Efficiency by 100%NLMK Group, the largest steel company in Russia and one of the most efficient metallurgical companies in the world, has summed up the preliminary results of a large-scale project to modernize lighting at Russian plants and enterprises. The multi-year project was carried out in cooperation with the…
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Mexico opens AD investigation on imports from India and CISThe Mexican Ministry of Economy has begun reviewing existing anti-dumping duties on steel plates supplied from Russia and Ukraine following a complaint from Mexican steelmaker Altos Hornos de Mexico (Ahmsa). Low import costs are seen as a key threat to Mexico's steel sector. Companies like Ahmsa…
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