Metallurgy news

• ArcelorMittal Europe boosts profits ArcelorMittal Europe released its second quarter 2016 results, which said it generated € 340 million in operating profit, which is much higher than the € 77 million operating profit achieved in the first quarter of 2016. Steel supplies increased by 10.886 million tons, an increase of 4.2 per... 01.08.2016  12:20

• Russian economy shows signs of slight recovery The contraction of the Russian economy slowed down significantly in June. Industry, agriculture and transport are working especially well. In addition, German Foreign Minister Steinmeier wants to work on easing sanctions against Russia. From low oil prices and sanctions imposed by the West, the... 01.08.2016  11:59

• AISI: steel imports increased in the USA The American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,785,771 tonnes of steel in May 2016, up 12.2% from April. The share of finished steel imports on the market is estimated at 23% in May and 24% during the first five months of this year. The main... 01.08.2016  11:23

• The gold market does not trust the Fed's optimism Despite the fact that the US Federal Reserve left the door open for a potential hike in interest rates in September, according to analysts, the markets are reacting differently. Gold prices are declining from their previous highs, but are still at a profitable level after the Fed left interest... 31.07.2016  12:29

• Russian iron ore exports up 37% in May Updated statistics released by the Russian Customs Committee in its latest report show that the country's iron ore exports rose sharply during May of this year. However, exports for the initial period from January to May this year are still significantly lower compared to the same period last... 31.07.2016  11:59

• SOCAR increases supplies of oil products to Ukraine Azerbaijan's state-owned company SOCAR has won the tender of the Ukrainian Railways (PJSC Ukrzaliznytsia) for the purchase through the Trading House of the Ukrainian subsidiary of SOCAR (SOCAR Energy Ukraine) 14.08 thousand tons of diesel fuel worth more than $ 10 million, media reported Ukraine.... 29.07.2016  11:47

• Outokumpu reports negative results amid record shipments Sales volumes in the second quarter of 2016 were higher than last year and than in the first quarter of this year, amounting to 629 thousand tonnes. In the Americas segment, shipments reached an all-time high of 177 kt and costs were down 14 percent. “In total, this resulted in an EBIT loss of € 5 b... 29.07.2016  11:32

• Employees of PJSC "Zaporizhstal" were awarded state awards and titles By Presidential Decree No. 300/2016 dated July 16, 2016, four employees of Zaporizhstal PJSC were awarded state awards and titles on the occasion of the Day of Metallurgical and Mining Industry Workers. The Order of Merit, III degree, was awarded to the deputy head of the blast-furnace shop... 28.07.2016  13:55

• Aerospace and defense industry revenues increased In 2015, global aerospace and defense revenues were $ 674.4 billion, up 3.8 percent from a year earlier, mainly due to the development of civil aviation. In 2015, the global aerospace and defense sector grew by 3.8 percent, surpassing the growth rate of the global gross domestic product by 2.4... 28.07.2016  11:46

• The use of scrap metal has decreased - BIR The use of scrap steel for the production of crude steel has dropped in most of the major producing countries. A sharp decline of 19.4 percent was noted in Russia. The Bureau of International Recycling (BIR) released a July 2016 report from the Ferrous World Mirror, according to which excess... 28.07.2016  11:26