Metallurgy news

• The largest redeployment of the US Army in Europe begins US President Barack Obama ordered the transfer of the armored brigade to Poland. At the same time, a battalion of US NATO forces will be deployed on the border with Kaliningrad in northeastern Poland. Last week, the unloading of equipment from an armored brigade of a US military battle group... 13.01.2017  09:58

• US accuses China of subsidizing aluminum production The US turned to the World Trade Organization (WTO) as Beijing artificially increases its global market share using cheap government loans and energy subsidies. The complaint says the actions of China's aluminum industry violate WTO rules, causing "serious harm" to other members of the... 13.01.2017  09:08

• Major iron ore importers and exporters presented the latest statistics Countries around the world released iron ore trade data for last November. Data released by Ukraine indicates that the country's iron ore exports totaled $ 186.2 million in November last year. China was the main importer of Ukrainian iron ore. The volume of imports from China reached $ 54.73... 12.01.2017  11:28

• Tata Steel announces significant growth in steel production India's largest producer, Tata Steel, announces that the company produced 3.15 million tonnes of steel in the third quarter of the 2016/17 fiscal year ended December 31, increasing its output by 24% over the same period in the 2015/16 fiscal year. In addition, pig iron production reached 3.4... 12.01.2017  10:56

• Rosneft will increase oil supplies to China Rosneft signed an annex to a long-term oil supply contract with the Chinese corporation CNPC, extending the contract until the end of 2023. According to the contract, which entered into force on June 21, 2013, Rosneft has already supplied 21 million tons of raw materials to China. CNPC is... 12.01.2017  10:25

• SSAB in trouble A rolling mill was shut down at SSAB Spetsstal in Oxelösund during scheduled maintenance in early December last year. ABB has replaced the rolling mill power management system. However, during the scheduled restart, the transformer broke down, as previously reported. After the repair, during the ... 12.01.2017  09:38

• Australia predicts falling iron ore prices Australia is the world's largest exporter of iron ore and the Australian government's official forecasts for the next two years are that the price of iron ore will fall. The iron ore price is forecast to fall to US $ 46.7 /t in 2018 due to weaker demand from China. The senior analyst noted that... 11.01.2017  13:15

• USA increases steel output in the first week of the year For the week ended January 7, in the United States, crude steel production amounted to 1.684 million tons, capacity utilization - 71%. Currently, the United States' average weekly steel production is about 1,592,000 tonnes, with a capacity utilization rate of 67.1% After adjusting, weekly US... 11.01.2017  13:07

• World Bank envisions global economic recovery The World Bank expects the global economic recovery to expand 2.7 percent in 2017, after a weaker level of 2.3 percent last year. World Bank experts believe that the growth of economic production in industrialized countries will be 1.8 percent. Emerging and developing economies will climb 4.2... 11.01.2017  12:56

• Russia cuts oil production During the first decade of January, Russian oil companies reduced oil production by 100,000 barrels per day. This is the third part of what is expected in connection with the agreement with OPEC. OPEC countries on November 30 agreed to cut production by 1.2 million barrels per day - to 32.5... 11.01.2017  09:47