Metallurgy news

• ArcelorMittal closes another plant in Spain ArcelorMittal stops long products at Zumarraga and reassigns employees to other factories. This is the second time in two months that production lines have been cut in Spain. The company attributes this move to extremely difficult market conditions, which have led to a 20 percent decline in... 17.03.2016  10:19

• EU unveils plans to fight for survival of metallurgy Plans for the European Commission, the EU's executive office, include speeding up tariffs on imports that are “discarded” at below market prices and changing the rules that limit the level of tariffs that the EU can apply to imports to become global competitors, chief among them China. The mea... 17.03.2016  10:01

• Russian proven oil reserves will run out in 28 years Sergei Donskoy, Minister of Natural Resources and Environment of the Russian Federation, said in an interview that Russia's proven oil reserves will last a little more than 28 years, so it is necessary to continue exploration drilling. “In terms of proven reserves, production will only be s... 17.03.2016  09:38

• Deutsche Bank reduces participation in metallurgy The largest German bank decided to reduce its participation in the metals and mining industry due to the increased risk associated with the industry. “Our strategy is to reduce our loan portfolio, which currently stands at € 10 billion, due to the increased risk associated with this industry,” De... 16.03.2016  10:26

• Warsaw and London unite to fight steel imports from China and Russia During a visit to London, Poland's Deputy Development Minister Morawiecki told reporters that the two countries intend to join forces to persuade the European Commission to initiate anti-dumping procedures against China and other countries. In the case of the UK, Germany and France, the main... 16.03.2016  09:57

• Oil prices are rising Today, world oil prices are trading higher on the back of data from the American Petroleum Institute (API) on the volume of oil reserves in the United States. As of the morning, the price of May futures for North Sea Brent crude oil rose to $ 39.10 per barrel, or 0.93 percent, the price of April... 16.03.2016  09:36

• Manufacturing capacity of steel plants in India is growing According to the Indian government, the production capacity of the local iron and steel industry increased by 6.5 percent and will continue to grow thereafter. According to the information provided by the Minister of Steel of India Narendra Singh Tomar, the production capacity of metallurgy in... 15.03.2016  10:36

• Will Russia Increase Oil Exports in 2016? Esai Energy analysts predict that Russian exports via pipelines and from seaports in the Far East directly to Asia will increase by 50,000 barrels per day. While the rest of the increase, which is about 130 thousand barrels per day, will come from European ports. In total, export growth may reach... 15.03.2016  10:13

• Gold declines in anticipation of the US Federal Reserve meeting Gold is getting cheaper in trading this week, as investors await a meeting of the US Federal Reserve System (FRS) on the interest rate in the framework of monetary policy in the country. The price of April gold futures on the New York Stock Exchange Comex fell to $ 1,243.7 per troy ounce, by $... 15.03.2016  09:28

• US scrap metal exports fell 47 percent in January US scrap exports during January 2016 totaled 552,559 tons, according to government data. Exports in January of this year were down 47 percent when compared with exports in the same month of the previous year. The country exported 1.04 million tons of scrap in January 2015. Turkey was the largest... 14.03.2016  09:59