Metallurgy news

• Gazprom discovered a new gas field During geological exploration in the Kirinsky area, Gazprom discovered large deposits of natural gas and condensate. These are probably quite large hydrocarbon reserves discovered near Sakhalin. At the moment, drilling is still ongoing, so it is difficult to say how much hydrocarbons are hidden... 23.09.2016  09:52

• Worldsteel: steel production increased in August 2016 World production of crude steel from 66 countries that reported data from the World Steel Association (Worldsteel), in August 2016 increased by 1.9% compared to August 2015 to 134.1 million tons. China's crude steel production in August 2016 reached 68.6 million tonnes, an increase of 3.0%... 22.09.2016  10:16

• Russian pig iron exports grew in the first half of 2016 According to recently published data, the export of pig iron from the Russian Federation in June this year decreased slightly compared to the export in the same month a year earlier. However, exports in the first half of 2016 grew by almost 5% over the previous year. Russian pig iron exports... 22.09.2016  09:59

• Iron ore production will grow According to a report by Liberum Capital, next year the production of iron ore in the largest corporations in the world will increase by 50 million tons. According to banks, the price may fall to $ 45 per ton. The growth in production will also have those companies that complain about... 22.09.2016  09:39

• Eni is not interested in Turkish Stream Claudio Descalzi, CEO of Eni said: "No, we are not interested in this investment." He noted that from the moment when Eni was the main partner of Gazprom in the South Stream project (the Turkish stream is planned as a variant of the South Stream), the company's strategy has changed. Italians are... 21.09.2016  11:11

• INSG Releases Worldwide Stainless Steel Scrap Trade Data The International Nickel Study Group (INSG) has published its 28th report, which analyzes the main trends in the trade of stainless steel scrap between countries around the world. The INSG report states that Germany, the Netherlands and the United States continue to be among the top three... 21.09.2016  10:34

• China's steel production rises in August For the sixth month in a row, China's crude steel production increased from the previous month. However, the finished product output declined slightly during August. Meanwhile, steel consumption declined in the first eight months of this year compared to the same period in 2015. According to... 21.09.2016  09:17

• South Korea cuts down plate production capacity Three of the seven Korean metallurgical enterprises are planning to close the steel plate production capacity in several stages. Earlier, Korea Iron & Steel Association wrote a report on plans to restructure the steel industry. The steel plate is a 6mm thick steel sheet commonly used to build... 20.09.2016  11:46

• Gold and silver await bank decisions and oil data The drop in oil prices deepened last week in response to reports that Libya and Nigeria are planning to increase oil exports in the coming weeks. If the actions of these two countries are successful, the oil surplus in the market will rise and will continue for most of 2017, which is good news... 20.09.2016  11:08

• Iran significantly increased steel exports From March to August this year, Iran increased its steel exports by almost two-thirds. The country is building iron ore processing plants with a capacity of up to 10 million tons per year. Two of these plants will begin work before the end of the current Iranian year, which ends March 20, 2017.... 20.09.2016  10:41