Metallurgy news

• US warns China of steel overproduction The US Treasury Secretary has called on China to cut excess steel production capacity as it distorts global markets. Jack Liu addressed Beijing ahead of the annual meeting between the United States and China to discuss trade and security issues. China is the world's largest steel producer and... 07.06.2016  14:21

• Fed expects further interest rate hike The head of the Federal Reserve System, which performs the functions of the US central bank, considers it expedient to further increase the bank discount rate. Janet Yellen announced this in Philadelphia at the Council on Foreign Relations, saying: "Further gradual rate hikes are likely to be... 07.06.2016  10:54

• Posco signs billion dollar deal with Iran The Organization for Industrial Development and Reconstruction of Mines and Minerals of Iran, represented by the holding company IMIDRO, which acts as a government partner for investors and may enter into a joint venture, signed a letter of intent to cooperate for two years with the Korean company... 06.06.2016  17:01

• Vallourec supplied steel for the construction of infrastructure for the FIFA World Cup The FIFA World Cup will take place in Qatar in 2022, but the construction of the necessary infrastructure has begun a long time ago. Vallourec provided profiles for the construction of the stadium infrastructure in Doha. The Qataris decided to build not only the stadium, but the entire area,... 05.06.2016  12:55

• Moscow agrees to arm OSCE monitors in eastern Ukraine For the first time, the Russian government accepts that observers from the Organization for Security and Cooperation in Europe (OSCE) can conduct their operations in eastern Ukraine, provided that some OSCE monitors could be armed, as Russian Foreign Minister Sergei Lavrov said on Saturday. "With a... 05.06.2016  12:18

• Brazil and Australia Significantly Increase Iron Ore Exports The export volumes of iron ore from the leading exporting countries made a significant jump during 2016. Brazilian iron ore exports rose nearly 6% year-on-year in the first four months of 2016. Meanwhile, Australia's steelmaking exports increased by nearly 10% during March this year. Brazil's... 04.06.2016  13:31

• Russia plans Hyperloop route between Moscow and St. Petersburg Russian Railways RZD is working on implementing its own high-speed transport technology with the American company Hyperloop One. The technology will be used for the first time on a 700-kilometer highway between Moscow and St. Petersburg. To perform road works, it is proposed to use advanced... 02.06.2016  11:24

• Severstal Distribution supported EBITDA In the first quarter of this year, the Severstal Distribution Group achieved EBITDA of $ 8 million, despite the fall in prices for steel products, in the reporting period EBITDA is maintained at the level of the first quarter of 2015. Severstal Distribution Group's revenue for the first three... 02.06.2016  10:25

• PJSC "Zaporizhstal": production results in May 2016 In May 2016, PJSC Zaporizhstal registered an increase in pig iron production by 3.6%, steel - by 1.3%, rolled products - by 1.7% compared to the same period in 2015. In May 2016, 344.4 thousand tons of pig iron, 366.8 thousand tons of steel, 307.5 thousand tons of rolled products were... 01.06.2016  15:03

• Cameron is unsure about the future of the UK steel industry "There is no guarantee that efforts to bail out the UK steel industry will succeed," UK Prime Minister David Cameron said Wednesday, chilling hopes that the government will be able to save thousands of threatened jobs in the sector. At the end of March, the metallurgical concern Tata Steel put... 01.06.2016  11:51