Metallurgy news

• Gold mining is vital to the global economy According to a report from the World Gold Council (WGC), the global community should be interested in a strong and reliable gold mining industry. Gold mining had a direct contribution of $ 83.1 billion to the global economy last year, and given the indirect impact, that figure reached $ 171.6... 04.06.2015  13:11

• Iran can use the Turkish Stream to supply gas to the EU Iran is considering using the Turkish Stream pipeline, which is being developed by Russia, to supply gas to Europe, Azizollah Ramezani, director of communications for the National Iranian Gas Company, said on the sidelines of a gas congress held in Paris. He said that "This could be a common... 04.06.2015  12:32

• Interpipe speaks of a deficit of scrap metal in the domestic market During the past period of 2015, Ukrainian metallurgical enterprises continue to experience a shortage of ferrous scrap. Thus, the deficit in the supply of this raw material for steel producers amounted to 67,000 tons in April alone, which indicates that supplies are 17 percent lower than needs. At... 04.06.2015  11:39

• The service sector began to expand in Russia The activity of services in Russia, including metalworking, has been increasing for the second month in a row since April this year. The sector is growing at the fastest pace in 17 months thanks to stronger demand and higher orders, in line with the Purchasing Managers Index (PMI). The main... 03.06.2015  15:48

• International Symposium on the Development of the Iron Ore Market Held The 21st International Iron Ore Symposium was held from 1 to 3 June in Vienna and was an ideal meeting place for delegates from key European shopping centers. This was reported in the Kiev training center "Danko" www.danco.com.ua/upravlenchesiyoblikrus.html . Over the last period, the... 03.06.2015  14:54

• Jinchuan Calls for Approval of Norilsk Nickel Supply to SHFE The Jinchuan Group has called on the Shanghai Futures Exchange (SHFE) to accept foreign brands of nickel for delivery against its nickel futures contracts, and to set appropriate discounts or premiums. Simon Bao, Deputy General Manager of Marketing, Jinchuan Group, announced this at the 12th Market... 03.06.2015  13:47

• Significant Growth in Scrap and DRI Use Forecasted Scrap metal and DRI (spongy iron) demand is forecast to be on the rise until 2019. On the other hand, the pig iron market is likely to remain dormant during this period. The growth in demand for steel products is likely to lead to a significant increase in global demand for scrap metal and DRI over... 02.06.2015  14:38

• Japan has reduced exports of stainless steel According to the latest data released by the Japanese Ministry of Finance (MOF), stainless steel exports from the country declined in April this year compared to exports in the previous month. Japan's exports of stainless steel products during April 2015 totaled 90,587 tonnes, down 18.5 percent... 02.06.2015  13:38

• Spanish train crosses the Russian plains Russian Railways celebrated the first journey of the new high-speed train Swift with rolling stock manufactured by the Spanish company Talgo and a Russian-made locomotive. On Monday, the Strizh train made its first flight from Moscow to Nizhny Novgorod. This route, 425 km long, "Strizh"... 02.06.2015  12:35

• US Federal Reserve policy could undermine the global economy in the second half of 2015 A stronger dollar will limit the ability of countries such as Ukraine and Greece to fight for economic survival, disrupting existing trade ties, exacerbating debt situations and complicating domestic economic development. Investment capital will be less and less outside the US, which is another... 01.06.2015  16:04