Metallurgy news

• Angela Merkel: Nord Stream 2 is not a threat to diversify gas supplies “We have different views on Nord Stream 2. We believe that this is an economic project and we believe that Nord Stream 2 does not pose a threat to diversification, ”German Chancellor Angela Merkel said Friday. This was the answer given by the Chancellor to the statement that Nord Stream 2 is a po... 17.02.2018  15:42

• Polish Stalprodukt found a way to buy a Czech company Stalprodukt's board has received approval from the anti-monopoly authority in Turkey for the planned acquisition of GO Steel Frydek Mistek. Previously, similar solutions, beneficial for the company, were issued by the antimonopoly services in Germany and Austria. Thus, a precedent was reached... 17.02.2018  15:25

• Russian gold producer Polyus raised profit by 7% in 2017 Russia's largest gold producer, Polyus, posted a 7 percent increase in 2017 adjusted net income to $ 1.02 billion, the company said on Thursday. The gold producer saw sales growth last year and expects to invest and produce more in 2018 as it aims to ramp up production at its newly established... 16.02.2018  09:48

• Asian billet prices rise amid higher buying rates Asian billet prices rose last week in line with growing buying figures and some of the sellers increased their bid prices. Although, from February 15 to February 21, market activity is considered low ahead of the Lunar New Year holidays in China. Vietnamese factories also suspended operations... 16.02.2018  09:32

• Dneprospetsstal: production results in January 2017 In January 2018, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 20,591 tons of steel, which is 10.7% less than last month. During the same period, the Company produced 13,818 tons of rolled metal, which is 4.6% less than in December 2017. The total cost of c... 15.02.2018  17:41

• Russia intends to stop gas production from the Odessa field As a result of Ukraine's lawsuit in the International Arbitration Court in The Hague, Russia intends to stop gas production from the Odessa field Ukraine's claims in the litigation relate to the issue of Russia's economic activity in the Black Sea after the annexation of Crimea. Russia annexed... 15.02.2018  12:23

• Interpipe increased steel production by a quarter in January The steelmaking plant Interpipe Steel, which is part of the integrated pipe-and-wheeled company Interpipe from Dnepropetrovsk, increased steel production in January 2018, according to operational data, by 25% compared to the same period in 2017 - up to 75 thousand tons. The enterprise in... 15.02.2018  11:07

• Kazakh-Chinese projects worth billions of dollars The Minister of Investment and Development of Kazakhstan Kaziya Kasymbek said on Wednesday in Astana that the investments of China and Kazakhstan in 51 joint industrial projects exceeded $ 27 billion. “This year we plan to launch six Kazakh-Chinese projects worth US $ 363 million. The total n... 15.02.2018  09:59

• ArcelorMittal Acquires Weak Producers in India For some time now, ArcelorMittal has been trying to expand its steel production in India. Chances are it will work - the company wants to take over a local manufacturer that is in trouble. ArcelorMittal India Private Limited, owned by ArcelorMittal, has filed a takeover bid for Essar Steel India... 14.02.2018  09:06

• Trump-initiated US steel imports study Trump issued a presidential memo on April 20 instructing the commercial secretary to conduct an investigation "to determine the impact on the national security of steel imports." The Commerce Department submitted its Section 232 report on steel imports to President Donald Trump in January, but... 13.02.2018  09:21