Metallurgy news

• Growth rate of steel production in India is the fastest among large producers Even as global steel production fell 0.1% to 1.333 million tonnes in the first 10 months of this year, the growth rate in India remained in positive territory and was also the highest among the major steel producing countries in the world, including China and Japan. Data from the World Steel... 24.11.2016  10:31

• Belarus buys Su-30SM multipurpose aircraft from Russia By 2020, Belarus plans to purchase from Russia at least a squadron of Su-30SM multipurpose aircraft, as stated by the commander of the Belarusian Air Force and Air Defense Oleg Dvigalev. The Su-30SM is an upgraded version of the Su-27 fighter to replace the outdated, albeit partially modernized,... 24.11.2016  10:07

• World steel production up more than 3% in October According to the latest statistics published by the World Steel Association, the crude steel output of the 66 member countries was 136.523 million tonnes. In October this year, output increased 3.3% from 132.128 million tonnes produced in the same month a year earlier. Crude steel production in... 24.11.2016  09:46

• Rio Tinto will continue to cut jobs in Australia Anglo-Australian mining company Rio Tinto is expected to cut about 500 jobs in Australia amid falling iron ore prices, the country's media reported. The job cuts will begin with an office in Perth in Western Australia, although no one has confirmed the exact figure. “The market outlook remains c... 23.11.2016  10:59

• Novatek invests in Arctic LNG plant Russia's largest independent natural gas producer, Novatek, has announced that the estimated cost of building a LNG plant in the Arctic will be around $ 10 billion. Interestingly, earlier forecasts indicated even greater cost. The construction of new installations for liquefying natural gas... 23.11.2016  10:45

• The metals markets remain optimistic Copper prices continue to rise on the London Metal Exchange. The increase is affecting other raw materials as well, as all base metals are currently priced at a high of over a year in response to an optimistic assessment of a consistent recovery in global demand for raw materials. Copper showed... 23.11.2016  10:29

• German economy lost 17 billion euros on Russian sanctions EU sanctions against Russia have negative consequences for the German economy. German exports to Russia have almost halved. This translates into a loss of € 17 billion in revenue. German business is constantly losing market share due to sanctions, which is filled with competitors, for example, from ... 22.11.2016  11:23

• ArcelorMittal to supply steel for two cruise ships ArcelorMittal has signed a contract for the supply of steel to the STX shipyard in Saint-Nazaire, as the company is the preferred supplier. The two new ships will be built entirely of European steel: the hull plates supplied by the Spanish Gijon, while the decks are made at the Saint-Nazaire... 22.11.2016  11:00

• Constellium opens new sheet metal line for the automotive industry Constellium, a global manufacturer of aluminum semi-finished products and rolled products, opens a new line in Neuf-Brisach. The new line will produce 100,000 tons of aluminum sheets annually, mainly for the automotive industry. During this decade, the production of aluminum car parts in Europe has... 22.11.2016  10:06

• BHP: demand for coal and iron ore will slow after the end of the peak season BHP noted that coal and iron ore prices have recently risen sharply as China's economic transformation primarily affects the iron ore and coal markets. After traditionally strong demand in the winter season, prices for coal and iron ore are expected to weaken. BHP expects the Chinese government... 21.11.2016  10:01