Metallurgy news
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NOVELIS is committed to expanding export marketsBrazilian unit NOVELIS plans to expand its presence in export markets in an attempt to offset the slowdown in domestic demand growth. At the same time, the company decided to cut costs significantly over the next three years. This is due to the fact that the Brazilian domestic market remains weak…
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The world production of pig iron has grownGlobal pig iron production increased 3.4 percent in May 2015 from the previous month. According to the latest statistics released by the World Steel Association, global pig iron production increased 3.4 percent from the previous month and reached 100.532 million tonnes in May this year. World pig…
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Bulgaria hopes to break Russian gas monopoly - MitovDaniel Mitov, Bulgaria's foreign minister, pointed to the planned intersystem gas pipeline between Bulgaria and Greece as having the potential to break Russian monopoly in the region. Mitov said that the rapid implementation of the construction of the gas interconnection line, the contract for…
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Mechel received a certificate for rails for the supply of Russian RailwaysMechel, one of the largest mining and metallurgical companies in Russia, has certified rails up to 100 meters long. The received certificate confirms compliance with the requirements of the Technical Regulations of the Customs Union. The document enables the company to supply the Russian Railways…
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Japan to stop building polluting coal-fired power plantsJapan plans to ban energy companies from building inefficient coal facilities that pollute the environment. Since the Fukushima disaster in Japan, the use of this fuel has been increasing, undermining the program to reduce greenhouse gas emissions. The government has come under fierce criticism…
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Saudi Arabia and Russia support each other in the fight for the global oil marketIn a rapidly changing geopolitical environment, Saudi Arabia and Russia are forging ahead, fostering closer relations in key sectors, including the energy sector. Recently, during a meeting in St. Petersburg, 6 major deals were signed between two of the world's leading crude oil producers. Deals…
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Tin Shows Worst Trends In 2015Tin prices saw their biggest decline in at least a quarter of a century in the first half of 2015, amid abundant supplies and lackluster demand. Tin has dropped 23 percent this year, the worst performing industrial metal on the London Stock Exchange. The largest decline in percentage terms was…
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UMMC increases production of refined copperThe Ural Mining and Metallurgical Company, the largest copper producer in Russia, will produce about 199 tons of refined copper by the end of the first half of 2015, which is almost 3 percent higher than the output in the same period in 2014. However, zinc production in January-June is expected to…
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RUSAL signs an agreement on the operation of infrastructure in GuineaRUSAL, the world leader in the production of aluminum, announces the signing of a multilateral agreement to use the railway infrastructure of the Boke province in Guinea as part of the Dian-Dian project to accelerate the development of a large bauxite deposit. The agreement reached during the Paris…
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BIR published a report on non-ferrous metal scrapAccording to the latest report from the Bureau of International Recycling (BIR), the situation in the global non-ferrous scrap market is complex, including an oversupply in some countries and a shortage in others. Scrap metal exports to India have declined significantly, pending greater clarity on…
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