Metallurgy news

• China dismantles blast furnaces The Baogang Group began dismantling one of the blast furnaces built in 1959. The production capacity will decrease by more than one million tons and about 2.5 thousand metallurgists will lose their jobs. China's Baogang Group is planning significant demolition of its blast furnaces. This is part... 01.09.2016  10:40

• Norway builds steel fence against migrants and refugees Norway is building a massive steel fence on its short border with Russia to prevent refugees from entering. Apparently, the government is counting on the constant pressure of the migration flow. The Norwegian government has already begun building a fortified border fence with Russia. According... 31.08.2016  12:19

• European companies count on the development of Iran's Caspian fields Companies from the Netherlands, Norway and the United Kingdom are offering Tehran to implement oil and gas projects in the Caspian Sea. The Europeans would like to explore the area and develop possible areas of cooperation. This was discussed in a series of meetings, according to the IRNA news... 31.08.2016  12:02

• Japan's Steel Exports Increase and Domestic Consumption Decreases In the first half of this year, orders for Japanese steel products for domestic consumption declined. Meanwhile, steel exports from the country have grown. According to the latest data released by the Japan Iron and Steel Federation (JISF), domestic special steel orders fell 4.2% year-on-year to... 30.08.2016  11:12

• Russia increases pensions ahead of elections Russia is increasing pensions - and can afford it, given its low government debt. A few weeks before the elections, the Russian government approved an increase in pensions. The state will increase spending by more than 470 billion rubles in spending (6.5 billion euros), Russian Prime Minister... 29.08.2016  14:31

• Belarus will buy Russian gas 30 percent cheaper Minsk and Moscow have agreed on a new formula for gas prices, due to which Belarus will pay much less for raw materials. Both sides agreed to change the price formula to eliminate dependence on uncertain "external factors". The gas price for Belarus will depend on the average gas price in... 29.08.2016  13:31

• MEPS on Emerging Steel Markets Brazilian distributors have denounced the latest offers from factories for higher prices given the current trading climate. As a result, they forecast a rise in the tonnage of imports. The business climate in the Russian Federation remains challenging, according to MEPS analysts. Trade... 29.08.2016  12:19

• China's metallurgy felt improvement China's major steel companies saw the market turn for profit in the first half of 2016, but the pressure to cut overcapacity in the sector remains. In a report submitted to the Shanghai Stock Exchange, Shandong Iron and Steel Company said its net profit was 23.15 million yuan ($ 3.5 million) in... 28.08.2016  13:29

• Gazprom registered a new company in Germany Russian gas giant Gazprom has registered in Germany a new company Gazprom PGT Europe, which deals with the operation of filling stations in Europe. According to representatives of the Russian company, the new company is registered in accordance with the requirements of German energy legislation,... 28.08.2016  12:30

• Zinc rises to 15-month high On the London Stock Exchange, zinc hit its highest level in 15 months on Friday as new shutdowns in China's metallurgy sector added supply concerns. China plans to cut steel production by 2.91 million tonnes this year, according to state media reports. In China, steel mills have raised steel... 27.08.2016  11:39