Metallurgy news

• Strike in Peru halts operations of iron ore producer Shougang Hierro Workers of Peruvian iron ore producer Shougang Hierro went on strike Monday to halt production at both the Marcona mine and the San Nicolas concentrator, the union and the company have confirmed. According to the company, all 953 workers have joined the strike and are protesting to improve... 16.09.2016  13:17

• Eurofer on the challenges and achievements of EU metallurgy Metallurgists welcomed the position of the head of the European Association Eurofer on the need to strengthen market protection. Recalling, however, that other aspects of EU policy pose a real threat to the industry. Axel Eggert, CEO of Eurofer, notes that free trade is not the absence of any... 16.09.2016  12:53

• China promises to cut aluminum production China's leaders have pledged to curb aluminum production that is flooding global markets and threatening jobs in the EU and the US, but Chinese producers have ambitious expansion plans. Market glut has reduced Western buyers' spending on aluminum used in lightweight cars and aircraft. Prices... 15.09.2016  11:40

• IMF resumes its assistance to Ukraine The International Monetary Fund has resumed financial assistance to Ukraine. The IMF said Wednesday that it has approved a $ 1 billion disbursement from the current $ 17.5 billion bailout program. Renewal of aid, the President of Ukraine welcomed. “The IMF's decision is proof that the world sees ... 15.09.2016  11:16

• Iran may lease pipelines to export gas to EU Iran has the ability to lease regional gas pipelines abroad so as not to build new routes for exporting gas to EU countries, said Alireza Kameli, head of the National Iranian Gas Company. Kameli noted that one of the ways to deliver gas to the EU could be the construction of LNG plants in Iran,... 15.09.2016  10:50

• ArcelorMittal supplies steel to a French shipbuilding company The global steel giant ArcelorMittal has announced that it has supplied 35,000 tonnes of steel to the French cruise shipbuilding company STX France. This steel is intended for use in the construction of bridges and the first ship of MSC Cruises. The products are manufactured in ArcelorMittal... 14.09.2016  12:57

• Humanitarian supplies of Russian wheat to Syria will negatively affect the world grain market Russia's proposal to use its wheat stocks to supply Syria as aid could reduce international demand from the Middle East, which is estimated at more than 1 million tonnes this season. This could exacerbate market glut, which has already pushed prices to near 10-year lows, as bumper crops and... 14.09.2016  12:43

• Oil falls after IEA report Oil fell on Tuesday after a series of gloomy forecasts for demand growth and stock availability. The International Energy Agency (IEA) says the sharp slowdown in global oil demand, coupled with global inventories, means the commodity market will be oversaturated for at least the first six months of... 14.09.2016  12:27

• U.S. Completes Investigation On Import Of Chinese Stainless Steel Strip And Sheet The US Department of Commerce said it tentatively concluded that imports of stainless steel sheet and strip imported from China were dumped in the US market at below fair value. The department proposes to establish preliminary anti-dumping duties in the amount of 63.86 percent and 76.64... 14.09.2016  12:09

• PJSC "Zaporizhstal" stopped sintering machine No. 6 to connect new gas cleaning equipment PJSC "Zaporizhstal" stopped sintering machine No. 6 for 45 days to connect new gas cleaning equipment. Thus, out of six sintering machines of the combine, new gas cleaning equipment has already been installed on 5 sintering machines. The plant's investments in the ecological modernization of the... 13.09.2016  16:04