Metallurgy news

• Russia is experiencing a serious recession The Russian economy slipped unexpectedly quickly into recession in 2015, with gross domestic product contracting 3.8 percent, up from 0.6 percent in 2014. The International Monetary Fund expects another decline in economic indicators this year, but, most likely, much less, by only 0.6... 19.01.2016  11:45

• Will British metallurgists hold up against China? Hundreds of steel workers marched through the streets of Motherwell in an attempt to keep their jobs in the steel industry in Scotland. China's factories are producing steel at record levels, flooding the international market, and steel prices are falling. The influence is being felt in the UK,... 18.01.2016  10:47

• Iran plans to return to the metals market Economists believe Iran's prospects are pretty good, as it is the 18th largest economy in the world with a well-educated 80 million population. The country's oil and gas reserves are enormous. The Tehran Stock Exchange is the second largest in the Middle East with a capitalization of about $ 150... 18.01.2016  10:10

• US steel industry struggles The situation remains tough for American steelmakers as companies face an influx of cheaper imports and lower demand in the energy market. And this trend looks obvious for the near future. In early January, Republic Steel announced plans to temporarily suspend its Lorraine plant and lay off more... 17.01.2016  15:41

• International sanctions against Iran lifted The nuclear dispute has fueled an escalation between Iran and the West for years. The Islamic Republic was suspected of developing nuclear weapons under the guise of a civilian nuclear program. The Tehran leadership has always denied this. In mid-July, it was finally agreed that Iran would limit... 17.01.2016  12:28

• Turkish Pegasus resumes flights from Russia Carrier Pegas announced that it will continue flights to Russia after resolving visa problems for its flight personnel. The company suspended flights from 4 to 13 January after it failed to receive a positive response from Russia regarding visas for its crew members. "The issue of visas for our... 16.01.2016  11:09

• Indian economy will outshine China in 2016 India will be the star among emerging market economies and is expected to achieve 7.7 percent growth in 2016, overshadowing China, PwC said in a report. India alone will grow faster than its long-term average growth rate in 2016, according to a global consulting firm. Compared to other emerging... 16.01.2016  10:58

• Steel scrap prices rise in the EU The latest statistics released by the European Iron and Steel Association (EUROFER) show a slight increase in domestic scrap prices in December last year. Average prices for steel scrap increased by almost 3 percent compared to the previous month. However, scrap prices declined by almost a third... 15.01.2016  13:56

• Airbus ahead of Boeing in 2015 deliveries European aircraft maker Airbus left behind rival Boeing in the race for new orders last year, but Boeing has expanded its initiative as the largest manufacturer of jet aircraft. The Airbus Group has received orders for 1,036 aircraft, a 29 percent decrease since 2014, compared with Boeing's 768... 15.01.2016  13:30

• Taiwan stainless steel imports and exports rise in December The latest statistics released by Taiwan's customs authorities show that the country's imports and exports of stainless steel products increased significantly during December last year. The country's imports of stainless steel products amounted to 90,559 tons during December 2015. This is up 18... 15.01.2016  12:54