Metallurgy news

• Oil production started in the Barents Sea Oil production began in the Barents Sea as a result of the completion of a joint project between Italian ENI (with a 65 percent share) and Norway's state oil company Statoil (with a 35 percent share). Oil production in the Barents Sea is carried out on the northernmost offshore oil platform,... 14.03.2016  09:46

• Ban Ki-moon condemned the terrorist attack in Ankara UN Secretary General Ban Ki-moon condemned the terrorist attack on March 13 at 18:45 in the heart of Ankara. At the bus stop next to Guven Park, an explosion thundered at the moment of a large crowd of people. As a result, one municipal bus and several vehicles completely burned down. The head... 14.03.2016  09:15

• Iran considers the possibility of limiting oil production Iran is ready to discuss issues on freezing its production with the largest oil-producing countries, but after reaching the level of production of four million barrels per day, as stated by Iranian Oil Minister Bijan Namdar Zangane. In his opinion, the oil producing countries should give Iran... 13.03.2016  13:02

• US urged to investigate sharp increase in Chinese aluminum imports Aluminum companies in the US have demanded an investigation into the Chinese government's subsidies to aluminum producers. This is taking place against the backdrop of a sharp increase in imports of finished and semi-finished aluminum products from China to the United States. A team of... 12.03.2016  10:54

• Stainless steel demand will grow 3 percent annually until 2019 Global demand for stainless steel products aims to reach 38.0 million tonnes this year and 39.2 million tonnes in 2017. Global consumption expects a CAGR of about 3 percent from 2016 to 2019, Finnish stainless steel maker Outokumpu said in its 2015 annual report. Global demand for stainless... 12.03.2016  10:21

• Turkey plans to acquire coal mines in Ukraine Turkey intends to get the coal mines of Ukraine, according to the Turkish newspaper Enerjigunlugu. In addition, Turkey is going to lease a gas storage facility in Ukraine. Last year, the Ukrainian government made a decision to reform the coal industry. According to this decision, 10... 12.03.2016  09:43

• Brazil doubles long products exports in February Brazil shipped 52,430 tonnes of long products in February, double the 22,186 tonnes shipped in the same period last year, according to the Commerce Department. Total sales follow a 73.9 percent year-over-year growth trend to $ 26.14 million FOB from $ 15.03 million FOB. Rebar contributed... 11.03.2016  10:18

• American oil company Chevron cuts thousands of workers Chevron announced it is eliminating 4,000 jobs this year. In addition, the US oil company is cutting its budget for the next two years by at least 17 percent. The reason for the company's austerity is falling oil prices and a recent quarterly loss of $ 588 million. After its first quarterly loss... 11.03.2016  09:45

• Turkey to send mobile military hospitals to Ukraine Turkey intends to send five mobile military hospitals to Ukraine, which will be delivered by the flagship of the Ukrainian naval forces, the Hetman Sahaidachny frigate, which is participating in joint military exercises with the Turkish armed forces, which are currently taking place in the Sea of... 11.03.2016  09:21

• The global copper market expects a deficit of 500,000 tons by 2020 The global copper deficit may widen after 2017 as new mines are unlikely to be built. Global markets are likely to face a 500,000 tonne deficit by 2020, according to Javier Targetta, senior vice president of marketing and sales at Freeport-McMoRan Inc. A Freeport spokesman expects a new wave of... 10.03.2016  11:44