Metallurgy news

• The largest grain harvest in the world is expected in Russia Warm winters and spring rains in Russia are projected to boost grain harvests to a record high this year, according to market researchers in Moscow. Farmers are expected to harvest 109.3 million tonnes of grain this year, surpassing a record 108.2 million tonnes in 2008. The figure was 104.8... 01.06.2016  11:14

• POSCO knocked out 4th place in world steel production POSCO, the largest steel producer in South Korea, regained its status as the world's fourth largest steel producer, according to the World Steel Association. The Pohang-based company achieved 41.9 million tonnes of steel in 2015 and was ranked fourth in the world in terms of steel output, moving up... 01.06.2016  10:12

• Coal reserves increased at thermal power plants of Ukraine in April Coal stocks in warehouses of thermal power plants (TPPs) in Ukraine in April increased by 3.9 percent to 2.746 million tons, according to the Ministry of Coal Industry. In particular, the reserves of long-flame coal amounted to 1.633 million tons, while the reserves of hard coal amounted to... 31.05.2016  14:08

• Gazprom accelerates construction of two LNG terminals on the Baltic Sea Russian Prime Minister Dmitry Medvedev signed a decree to extend the port zone of the Kaliningrad region in order to build a marine LNG terminal there. The terminal has the capacity to regasify liquefied natural gas in the amount of 2.3 million tons. The project will be implemented by Gazprom. A... 31.05.2016  13:59

• Russia will allocate more than a trillion rubles for the development of the defense industry For the program for the development of Russian weapons in the state budget for the period 2016-2020, 1 trillion rubles will be allocated. 67 million rubles ($ 16.7 billion), as announced by Deputy Prime Minister Dmitry Rogozin. According to him, the program approved by Prime Minister Dmitry... 31.05.2016  13:45

• The scrap metal industry is overwhelmed by strict regulations A monthly report by the Bureau of International Recycling (BIR) notes that stricter regulations regarding the export of scrap metal in tighter market conditions around the world are negatively affecting the scrap metal industry during the last months of this year. The prevailing extremely... 30.05.2016  13:02

• CO2 emissions trading deadlocked European leaders have set a target to cut CO2 emissions by 40 percent by 2030. There is currently a debate on how the next phase of the European Emissions Trading System (EU ETS) will look like starting in 2020. The system includes a total of 31 European countries (28 EU member states plus... 30.05.2016  12:38

• Ukraine imposed a ban on Gorbachev's entry Ukraine has identified Mikhail Gorbachev as a threat to state security. Gorbachev reacted calmly: "He did not plan to go to Ukraine anyway." Former Soviet leader Mikhail Gorbachev, who was the first herald of democracy in the USSR, can no longer travel to Ukraine because he publicly supported... 30.05.2016  07:06

• USA imposes import duties on corrosion-resistant steels The US Department of Commerce has imposed additional import duties on corrosion-resistant steel from China and other countries in an effort to protect its industry from an oversupply of steel imports from around the world. The International Trade Department investigated the dumping of steel... 27.05.2016  10:27

• In 2015, MMK reduced energy costs During 2015, the Magnitogorsk Iron and Steel Works managed to reduce energy costs by RUB 1,177 million in the course of implementing energy conservation programs. Within the framework of the program to reduce energy costs, 188 measures were carried out with an annual effect of over 71 million... 27.05.2016  10:01