Metallurgy news
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RUSAL can idle 200 thousand tons of capacityThe world leader in aluminum production, United Company RUSAL, is reviewing its aluminum smelting operations and may idle another 200,000 tonnes of capacity. RUSAL, which has cut capacity by 800 thousand tons over the past two years, reported that its aluminum production in Q1 2015 was 900 thousand…
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Mechel signed an agreement with Sinara Transport machinesMechel OAO, one of the leading Russian mining and metallurgical companies, announces the signing of a contract between Mechel-Trans Vostok and Sinara Transport Machines (STM) for servicing locomotives for four years. In accordance with the agreement, STM-Service will carry out full maintenance and…
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World steel production fell in MarchAccording to the latest statistics released by the Worldsteel Association, steel production in 65 countries was 138,045 thousand tons in March 2015, down 2.7 percent from 141,811 thousand tons in the same month last year. The total steel production by the EU-28 countries in March this year reached…
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European Union dreams of breaking dependence on Russia at the expense of Iranian gasThe EU hopes that in the future, gas imports from Iran will help reduce its dependence on Russia as a result of the lifting of sanctions against Tehran. The EU is betting on the so-called southern pipeline corridor to supply gas to southern Europe via Turkey from fields in Azerbaijan and…
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Russian nickel will become a mark of the Shanghai Futures ExchangeRussian nickel may become one of the brands supplied to the Shanghai Futures Exchange, a spokesman for the exchange said. "Russian nickel is likely to become one of the representatives after the approval of issues on standards," the official said. The Shanghai Futures Exchange now has 6 nickel…
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US Steel may cut over 500 workers at Lone StarThe News Journal reports that a series of new layoffs are planned in the production of welded pipe (ERW) and specialty pipe products for the energy industry at Lone Star. A US Steel spokesman has alerted 579 other workers that they may be fired from Lone Star as activity slows along with the oil…
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Cancellation of South Stream Shows Need for Other Gas Supply Routes - EUMaros Sefcovic, Vice President of the European Commission, said in an interview that Russia did not discuss the decision to cancel South Stream with its partners in the European Union and announced the move to another project at a press conference. “After that, it became clear that Europe needed to…
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Prospects for global metallurgy in the coming yearsThe World Steel Association (Worldsteel) outlined the short-term outlook for the steel industry for 2015-2016, according to which steel consumption in the world will slightly increase, by 0.5 percent in 2015 to 1,544 million tons. In addition, global steel demand expects stronger growth, up 1.4…
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EVRAZ operating results for the first quarter of 2015Throughout the first quarter, steel production remained stable with Russian metallurgical plants operating at full capacity and amounted to 3.9 million tonnes. At the same time, the production of semi-finished products for export increased by 5 percent, and the output of railway products increased…
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Worldsteel demands effective water management by local organizationsThe World Steel Association (Worldsteel) has published a report on water management in the steel industry. The association argues that efficient water management is a top priority for the industry. Worldsteel believes that local regulators play a key role in this and must take into account the…
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