Metallurgy news
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Russia is the largest exporter of nickel to ChinaChinese customs authorities released nickel import statistics for July and seven months of this year. According to the data, the total volume of imports of unprocessed nickel amounted to 46362.0 tons during the month. Russia became the largest exporter of unprocessed nickel to the country. Nickel…
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"Krasny Oktyabr" raises the salaries of its employeesDespite the difficult situation in the global steel market and in the face of reduced demand in the domestic market, the Krasny Oktyabr metallurgical plant consistently fulfills the entire range of social obligations to its employees. In addition, the Volgograd Metallurgical Plant increased the…
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Taiwanese companies move production to IndonesiaTaiwanese steelmaker China Steel is planning to set up a steel plant in Sulawesi, as part of its efforts to relocate some of its less profitable businesses out of the country to benefit from cheap overseas labor. The company has signed an agreement with local steelmaker Artha Metal Energy to…
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ArcelorMittal closes factories in South AfricaSteelmaker ArcelorMittal plans to close two plants and is considering operations at its largest plant in South Africa as the unprofitable divisions of the world's largest steel company cannot keep up with weak demand and low prices. ArcelorMittal said in a statement that trading conditions continue…
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The West notes the desire of Russian aviation to reach a new levelIn response to sanctions from the European Union, the Russian Aviation and Space Salon MAKS was particularly impressive this year, according to Western media outlets. In addition to its missile business with Iran, Russia hopes to strengthen its military-trade partnership with China to offset the…
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ENI discovers huge natural gas field off the coast of EgyptItalian energy group ENI announces the discovery of the largest known natural gas field in the Mediterranean Sea to date. Egypt can thus become an exporter of energy. Zohr's vast natural gas field could meet the country's energy needs for decades to come, the Italian company said. Combined with…
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EU cuts anti-dumping duties on stainless steel imports from TaiwanThe European Commission, the executive body of the European Union, has decided to reduce anti-dumping duties for exporters of flat stainless steel cold rolled steel (SSCR) products from Taiwan. The country's Ministry of Economic Affairs, citing the official magazine of the European Union, says the…
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Rusal hits record profits in Q2Russian exporting companies benefit from the devaluation of the ruble. The world's largest aluminum producer, Rusal, achieved a record profit with an increase of 158 percent. Russian aluminum producer Rusal achieved these results thanks to a decline in the value of the ruble against the dollar and…
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USA increased steel imports in JulyThe US imported a total of 3,243,000 tons of steel in July 2015, an increase of 5 percent. According to preliminary data from the American Iron and Steel Institute (AISI), the United States imported a total of 3,243,000 tonnes of steel in July 2015, including 2,578,000 tonnes of finished steel…
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Tin shipments from Myanmar declined in JulyExports of tin ore and concentrate from Myanmar declined slightly during July this year to China, which is the largest importer of these raw materials. However, Chinese imports of tin ore and concentrate from Myanmar experienced marginal declines during July this year. Imports from Myanmar totaled…
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