Metallurgy news

• China reduced scrap imports by 20% in January-July 2016 Data released by the Chinese customs authorities indicate that imports of ferrous scrap in the country fell sharply during the first seven months of this year. Imports during July 2016 decreased significantly compared to the previous month. According to customs data, imports totaled 165,414... 05.09.2016  10:35

• POSCO cuts tape at new factory in Thailand Korean steel giant POSCO Co opens its first automotive steel plate plant in Southeast Asia. The plant is expected to be able to offer high quality steel products for the automotive industry at the most affordable prices. The company began construction of a $ 300 million plant in September... 04.09.2016  11:10

• Russia has increased oil production Oil production in Russia in August-January increased by 1.9 percent compared to the same period last year. In total, Russia produced 361.2 million tons of raw materials during this period. In August, production was 45.3 million tonnes, which means that the pace of production growth slowed slightly... 04.09.2016  10:52

• Lithuania provided Ukraine with 150 tons of ammunition Lithuania has provided 150 tons of ammunition for the Ukrainian government forces involved in the war against separatists in eastern Ukraine, said Lithuanian Defense Minister Juozas Olekas. It is one of the few NATO countries that have decided to provide Ukraine with a lethal weapon. Olekas said... 04.09.2016  10:32

• EU wants to check points of transmission of gas from Russia to Ukraine The EU is asking Russia for permission to inspect the volume of gas introduced into Ukraine's transmission system. The problem lies in the dispute between Russia and Ukraine over the volume of gas supplied by Gazprom in the first half of this year, namely, the supply of 1.2 billion cubic meters of... 03.09.2016  11:50

• Chinese metallurgists are pleased with their results Following the release of half-year financial results, three of China's top steelmakers - Baoshan Iron & Steel Co, Angang Steel Co and Wuhan Iron & Steel Group - are welcoming the recovery in the steel market and praising their cost-cutting success. The Global Times report claims that Baoshan... 03.09.2016  11:24

• Kazakhstan again introduces a ban on the export of scrap Kazakhstan imposed a six-month ban on the export of ferrous scrap starting from August 29, 2016. The country's Minister for Investment and Development Zhenis Kassymbek cited as the main motivation for this step "a critical shortage of scrap for local metallurgists." The latest data released by... 02.09.2016  12:58

• BP sees oil price at $ 50 per barrel in 2016 BP CEO Robert Dudley said he expects global oil prices to remain at around $ 50 a barrel by the end of this year, and at or even "slightly higher" in 2017, he told reporters. “I think that now, since 2014, we have returned to a balanced oil and gas market. The balance of supply and demand is e... 02.09.2016  11:00

• Significant growth in stainless steel demand is expected by 2024 According to a new study published by OrbisResearch, the global stainless steel market will reach $ 127.19 billion by 2024. The report says stainless steel will be used more widely in a wider range of applications across a variety of industries, including construction, transportation, industrial... 02.09.2016  09:22

• Forecast and analysis of production of iron ore and steel Sucden Financial has published a report that analyzes and forecasts the output of iron ore and ferrous metallurgy in the 3rd quarter of 2016. According to the report, iron ore prices rose in the second quarter of this year. However, prices managed to stabilize around $ 50- $ 55 per tonne in June.... 01.09.2016  12:27