Metallurgy news

• Precious Metals Outlook 2016 Some analysts say silver's saving grace in 2016 could be improved global economic growth. As economic conditions improve, industrial demand for silver will rise. And demand for this precious metal could eventually surpass gold in 2016. In the long term, the outlook for industrial use of silver... 02.01.2016  15:23

• Innovations of the Tax Code of Ukraine regarding VAT The Law of Ukraine "On Amendments to the Tax Code of Ukraine and some legislative acts of Ukraine regarding ensuring the balance of budgetary receipts in 2016" dated 24.12.2015 No. 909-VIII, the people's deputies made amendments to Articles 188, 189 of the NKU. That is, new rules have appeared for... 02.01.2016  12:38

• Ukrainian currency lost 44 percent Ukraine is on the road to hyperinflation: in 2015 alone, the value of the hryvnia fell by 44 percent. In the previous year, losses amounted to 24.9 percent, according to the head of the Central Bank Valeria Gontareva. The country's foreign exchange reserves remain more or less stable at $ 13.3... 01.01.2016  12:33

• Copper market reduces surplus The global copper market recorded a surplus of 266 thousand tons in January-October this year, according to the latest report on metal residues published by the World Bureau of Metals Statistics (WBMS). It should be noted that the world copper market recorded a surplus of 298 thousand tons at the... 31.12.2015  12:31

• Steel production in the CIS countries decreased slightly in November 2015 Crude steel production in the Commonwealth of Independent States (CIS) declined slightly by almost 1.7 percent during November 2015. Belarus, Kazakhstan, Russia and Uzbekistan reported declines in production during the month. The total steel production in Belarus decreased by 8.4 percent in... 31.12.2015  11:56

• Saudi Arabia and Turkey agree on close cooperation Saudi Arabia and Turkey aim for close strategic cooperation at the highest level. The two states decided to create a joint council that deals, inter alia, with security issues, and also agreed to increase military, political and economic cooperation, said Foreign Minister Adel Al-Jubair. Earlier,... 30.12.2015  12:10

• Chile's copper mines continue to make money amid falling prices Chile, the world's largest copper producer, surprised investors by publishing a report on its mining industry. According to the data, the average cash cost per pound of copper produced in the country in the second quarter of 2015 was $ 1.625 /lb, compared with an average cost of $ 1.655 /lb in the... 30.12.2015  11:50

• EU-28 steel production continues to fall Steel production across the EU-28 fell 7.5 percent in November year-on-year, according to the latest data released by the World Steel Association. The region's output for the month amounted to 13.160 million tons, which is almost 3.8 percent lower than in the previous month. The UK posted the... 30.12.2015  11:28

• UK manufacturers may cut tens of thousands of jobs in 2016 The mill's manufacturing industry is slated to cut tens of thousands of jobs in 2016, despite forecasts for growth in the sector, the UK's Engineering Federation of Employers (EEF) said. The industry expects modest growth next year after the recession in 2015, but that will not stop businesses... 29.12.2015  12:39

• World steel prices fell in December Global steel prices remain under pressure due to sluggish global demand and high inventories. In North America, steel prices continued to weaken throughout December amid lackluster domestic demand, while a strong US dollar discouraged exports. Shoppers are postponing purchases that may resume... 29.12.2015  12:01