Metallurgy news

• Base Metals Price Forecast The first quarter of the year was reportedly marked by lower prices, mainly amid fears that the Chinese economy is slowing faster than expected. However, in the near future, the global economy will improve and base metals will experience growth. The growth of the world and national economy leads... 27.05.2016  09:25

• DRI production results in April 2016 Data released by the World Steel Association indicates that global production of direct reduced iron (DRI) in April this year increased slightly, almost 1 percent from the previous month. World DRI production during April 2016 was 4.329 million tonnes, up 0.98 percent from 4.287 million tonnes... 26.05.2016  10:38

• World leaders in steel production in April 2016 According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association totaled 134.906 million tonnes in April this year. Monthly output was down marginally 0.5 percent from April last year. These 66 countries... 26.05.2016  10:25

• Brent exceeds the psychological level of $ 50 per barrel The price of oil is actively growing, and for the first time since November 4, 2015, it surpassed the psychological level of $ 50 per barrel, according to trading data. The cost of July futures for the North Sea Brent oil mixture increased by 0.28 percent - up to $ 50.02 per barrel. The price of... 26.05.2016  10:15

• Oil imports from Russia to China are breaking records Russia has become the largest supplier of crude oil to China for the second month since the beginning of this year. According to customs data, Russian shipments in April exceeded imports from Saudi Arabia and reached a record high, as demand from independent processors remained strong. Imports... 25.05.2016  12:14

• Indonesia renews copper export license Indonesia's Ministry of Mines is extending the copper concentrate export license for the local unit of US copper and gold miner Newmont Mining Corp for the next six months, a ministry spokesman said. Newmont, Indonesia's second largest copper miner, will be able to export up to 419,757 tonnes of... 25.05.2016  11:49

• US cannot compete with Russia on gas prices The US strategy to oust Russia from the European energy market has so far been unsuccessful. Low prices make the global market unattractive for Americans. Their production is too expensive and, therefore, cannot compete with Russian prices. At the same time, the gas of American producers must... 24.05.2016  10:54

• Toyota will recall more than 1.5 million vehicles from the USA Toyota Motor is recalling 1.58 million vehicles from the United States to replace Takata's airbags, which have a potentially damaging defect. According to Kyodo agency, in total, due to this defect, the Japanese car company recalled 4.7 million vehicles from the United States among nine models... 24.05.2016  10:03

• Polish metallurgy suffers from high electricity prices Polish factories pay twice as much for energy as German factories. This was noted by the participants of the Metallurgy meeting at the European Economic Congress. It was noted that energy in neighboring EU countries is much cheaper than ours. According to a PGE report, in the fourth quarter of... 24.05.2016  09:41

• Gazprom needs to make serious cuts due to the crisis The world's largest gas company, Gazprom, is struggling with low natural gas prices. Analysts estimate that the company could cut future new projects or need to significantly increase its debt. Gazprom is starting to organize its projects by importance and analysis of potential savings. A... 23.05.2016  11:25