Metallurgy news
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Oil market in June and trends in 2015The independent agency EIA predicts that Brent crude oil prices will average $ 60 a barrel in 2015 and $ 67 a barrel in 2016. The EIA is part of the US federal statistics system. The forecast states that OPEC oil production will continue to rise, contributing to a prolonged global market glut. Oil…
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Odessa port increased cargo turnover in the first half of 2015In the period from January to June of this year, the Odessa port handled 12, 374 million tons of cargo, which is 3.5 percent higher compared to 11, 950 million tons in the first half of 2014. Metal transshipment for the port is one of the main areas of work, it is carried out at 18 berths of the…
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Severstal modernizes cold rolling mill at CherMKPAO Severstal, an integrated mining and steel company, continues to re-equip its cold-rolled products at the Cherepovets Steel Works (CherMK). To this end, Severstal entered into a contract with the German company Maschinenfabrik Herkules GmbH for the supply of a work roll surface texturing machine…
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Chinese metallurgists lost $ 2.7 billion in January-May - CISAA senior official from the China Iron and Steel Association (CISA) said that major Chinese steelmaker losses in core businesses more than doubled in the first five months from a year earlier, as falling steel prices displaced producers “in red zone ". Among the CISA participants representing 101…
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India displaces US from third position in steel productionIndia overtook the United States to become the world's third largest steel producer. Mining and Steel Minister Narendra Singh Tomar said: “Last year, India was recognized as only the fourth largest steel producer in the world after China, Japan and the United States. However, during the first five…
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ThyssenKrupp continues to partner with Ansteel for galvanized productsThyssenKrupp and Ansteel decided to build a new hot-dip galvanizing line in China. Ansteel and ThyssenKrupp have formed a joint venture to build a new production line to develop high-end automotive steels. The joint venture will manufacture galvanized products in Chongqing. The two companies have…
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EU and NATO will not allow Greece to flirt with Moscow for longThe Greek crisis, which is deeply worrying in Europe, could potentially benefit Russia. There is now a growing squadron in Greece willing to ditch the euro and pave the way for a broader strategic alliance with Russia. Putin called the Greek prime minister after the referendum to express his…
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Will duty-free access to the US market help Ukrainian metallurgists?Washington is resuming the GSP, a Generalized System of Preferences that was developed back in the 70s for the poorest economies so that they could export their products to the United States without paying duties. However, in 2013, this program was suspended, and now began to operate from July 29…
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China's domestic steel prices hit their lowest level in 20 yearsAccording to industry sources, China's steel prices are at their lowest in more than 20 years. The composite price index for eight steel products compiled by the China Iron and Steel Industry Association (CISA) fell 65.28 points last Friday. The index is based on 1994 base prices, which means…
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MMK shipped 5 million tonnes of steel products from mill 5000The Magnitogorsk Iron and Steel Works shipped to consumers the 5 millionth ton of steel products from its 5000 hot rolling mill. The products of the 500 mill are most in demand among pipe manufacturers, and are also in demand in mechanical engineering, shipbuilding, and bridge building. Within six…
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