Metallurgy news

• 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

• 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