Metallurgy news

• Iran plans to acquire refineries in various countries Iran is going to buy shares of existing or under construction oil refineries in a number of countries around the world. The National Iranian Refinery Company (NIORDC) is in talks to acquire shares in a refinery in Spain. At the same time, a specific industrial facility is not specified, and,... 25.03.2016  11:15

• Gold price falls even amid terrorist attacks in Brussels Gold prices fell to a four-week low and the dollar's strength slowed, despite a suitable buying zone following Tuesday's attacks in Brussels. Precious metals fell more than 2% in morning trading in London and 2.4% to $ 1,218.60 an ounce on the New York Mercantile Exchange. Gold is under... 25.03.2016  10:57

• Steel production drops again Global steel production in February was 120.412 million tonnes, reflecting a 3.3 percent decline on an annualized basis. Given the two months of the year, the decline was even greater and amounted to 5.2 percent. In the EU, the decline was more significant than the world average, reaching 6.3... 24.03.2016  10:22

• Turkey must fulfill 35 conditions to cancel visa regime with the EU The Association Agreement between Turkey and the EU was signed back in 1963. Ankara applied for EU membership in 1987, but accession negotiations did not begin until 2005. Full EU membership has continued to be a priority for Ankara for decades. Before the EU demanded that Turkey fulfill 72... 24.03.2016  09:21

• Liebherr will supply a crane for LUKOIL's operations in the Caspian Sea Liebherr, Germany, and Lukoil-Nizhnevolzhskneft have signed a new contract for the supply of a Liebherr RL 1500-30 EX Litronic crane, which is to begin work on the platform of the Korchagin oil and gas condensate field in the Russian part of the Caspian Sea by the end of 2016. The Liebherr RL... 23.03.2016  11:19

• EU once again pretends to help metallurgists The European Commission has released another document on the protection of the iron and steel industry in the EU. However, it does not provide a solution to the problems posed by the EU itself. Steel: Maintaining Stable Jobs and Growth in Europe highlights the importance of the steel industry to... 23.03.2016  11:00

• US Steel idles two plant US Steel Corp., the second-largest US metal producer, said it plans to lay off 770 workers as it idles two factories that make products used in the oil industry. US Steel could cut as many as 450 jobs at its Lone Star Tubular Operation facilities in East Texas and 200 at Fairfield, Alabama, the... 23.03.2016  09:59

• Explosions at the airport and metro in Belgium Brussels airport confirmed that there were two explosions and that the airport was evacuated. People were also warned to stay away from the area. At this stage, the details and causes of the explosions are not clear. Belgian media reported that there are injuries and deaths. Television shows... 22.03.2016  10:24

• Change of power in Rio Tinto Sam Walsh, the current director of Rio Tinto for the past seven years, is retiring. He will be replaced by Jean-Sbastien Jacques, who is currently in charge of the copper and coal segment. Sam Walsh will retire on July 1, 2016. Jean du Plessis, chairman of the board, said that Walsh led the... 22.03.2016  10:06

• China announces massive reduction in zinc smelting capacity The latest report released by the Shanghai Metal Exchange suggests that the country could eliminate nearly 500,000 tons of zinc smelting capacity during this year. The move is seen as part of the government's efforts to cut production capacity and inventory. The Chinese government has announced a... 22.03.2016  09:47