Metallurgy news

• World stainless steel production in the 1st half of 2016 exceeded 22 million tons According to the latest statistics released by the International Stainless Steel Forum (ISSF), global stainless steel production increased 4.10% in the first six months of 2016 compared to the corresponding period in 2015. In the second quarter of this year, volume increased by 15% compared to the... 14.10.2016  12:42

• Nordic countries discuss the possibility of building Nord Stream 2 Against the background of the situation in Ukraine and the deteriorating security in the Baltic region, there is a lively discussion in the Nordic countries about Nord Stream 2, according to analysts at the Center for Eastern Studies. In recent months, there has been a revitalization of... 14.10.2016  12:07

• The Russian government adopted the draft budget until 2019 The Russian government approved the draft budget for the period from 2017 to 2019, which provides for GDP deficits of 3.2 percent, 2.2 percent and 1.2 percent over the next three years. The draft is subject to minor amendments and will be submitted to parliament on October 28. The project... 14.10.2016  11:46

• The explosive rise in coking coal prices is not over After a prolonged and largely monotonous decline since 2011, coking coal prices have skyrocketed in recent months. The rise is supported by a combination of factors, some of which include reforms in China's coal industry and supply disruptions. Spot prices for premium hard coking coal off the... 13.10.2016  10:32

• Russian gas floods Europe through Ukraine There is a record increase in Russian gas exports to Europe using the Nord Stream, Yamal and Druzhba gas pipelines. Winter has not yet begun, and the demand for Russian gas is as if Europe is experiencing extreme cold. Europe is always carefully preparing for the heating season, while the... 13.10.2016  10:01

• The growth of stainless steel production occurs only in certain regions According to the International Stainless Steel Forum (ISSF), global stainless production increased by more than 4 percent in the first half of 2016. However, in Europe, in particular in Central and Eastern Europe, production is declining. Growth in Asia is driven by China and several other... 13.10.2016  09:46

• Belarus threatens Russia with intent to buy oil from Iran Due to energy debt, Moscow has cut oil supplies to Belarus. Minsk threatened to start buying raw materials from Iran. Energy disputes between Moscow and Minsk are not new, but now tensions between the two capitals are growing. The dispute over the amount of debt continues. To motivate Minsk to... 12.10.2016  11:26

• World steel production will grow According to the latest forecast by the World Steel Association, global steel production is expected to rise this year and next. Although, in both cases, the growth barely exceeds zero, but all the same, production will increase, and in China, fortunately, it will decline. Excluding China's... 12.10.2016  11:09

• China considers EU duties on Chinese steel unfair China's Ministry of Commerce has expressed concern and regret after the European Union imposed temporary tariffs on imports of two types of Chinese steel entering the EU, calling the investigation methods "unfair." "Reckless trade protectionism and faulty practices that restrict fair market... 12.10.2016  10:38

• Ukrainian Ferrexpo announces production decline in Q3 In January-September of this year, Ferrexpo's iron ore pellet production fell 4 percent year on year to 8.32 million tonnes. Ferrexpo, which specializes in the production and export of Ukrainian iron ore pellets, reportedly announces production of 2.6 million tonnes in the third quarter of this... 11.10.2016  10:43