Metallurgy news

• Russian billionaires hit hard by lower oil prices The sharp drop in world oil prices has had a strong impact not only on the global economy, but on the fortunes of Russian billionaires, many of whom have become rich on this product. According to Wealth-X and the UBS Billionaire for 2014, the value of many of the 114 Russian billionaires in the... 28.05.2015  11:42

• China enters into multi-billion dollar agreements in Russia, Latin America and India Recent visits by Chinese leaders to Russia and Latin America, as well as Indian Prime Minister Narendra Modi's visit to China, have resulted in at least $ 80 billion in deals and agreements signed with solar and infrastructure manufacturers. The treaties also take into account monetary arrangements... 28.05.2015  10:36

• BIR assesses the use of non-ferrous scrap The Bureau of International Recycling (BIR) has published a report on the recycling of non-ferrous scrap in various countries of the world. Construction work in conjunction with the upcoming FIFA World Cup in Qatar and the World Expo 2020 in Dubai has boosted the supply of non-ferrous scrap to... 27.05.2015  11:27

• Aluminum will drop in price to $ 1,732 per ton - LME It is reported that on the London Metal Exchange (LME), the price of aluminum may fall to $ 1,732 per tonne, as indicated by the analysis of the Fibonacci projection and the wave pattern. This third wave of the three waves in the cycle corresponded to a high of $ 1.977 per tonne on May 6. The wave... 27.05.2015  11:01

• Industrial tin use continues to grow The use of tin in the battery industry is expected to grow rapidly. This is the conclusion reached by the participants of the Shanghai Tin Forum held in China. During the presentation, one of China's leading battery manufacturers, Tianneng Power, predicted that tin use in the lead-acid battery... 27.05.2015  10:11

• Japanese companies will build steel plants in Iran The state news agency IRNA reports that 12 representatives of a delegation from 10 Japanese firms signed a final agreement on the construction of the first metallurgical plant in Chabahar in the presence of the Japanese Ambassador to Iran. According to the delegation's report, the contract for the... 26.05.2015  12:19

• Asia's steel production fell 1.2 percent in April According to the latest figures released by the World Steel Association, Old Asia is still the largest steel producer in the world, although steel output declined slightly during April 2015 from the same month a year earlier. The drop in production was 1.32 percent, which is associated with a... 26.05.2015  11:42

• The court recovered $ 10.6 million from Mechel in favor of Sberbank The Moscow Commercial Court ordered the mining and metallurgical company Mechel and three of its subsidiaries to pay Sberbank USD 10.6 million and RUB 6.8 million in arrears. As reported in http://madek.ua/, Sberbank of Russia filed a lawsuit to raise money under two loan agreements dated October... 26.05.2015  11:07

• Outokumpu Stainless Fuel Tank Wins ISSF Award The Outokumpu designed stainless steel tank won the International Stainless Steel Forum (ISSF) Best Design Award at the ISSF Annual Conference in Hong Kong, China. The International Stainless Steel Forum (ISSF) is a research and development non-profit organization that was founded in 1996 and... 25.05.2015  12:12

• TMK Announces 1Q 2015 Results Pipe Metallurgical Company (TMK), one of the leaders in the global pipe production, in Q1 2015 compared to Q4 2014: Reduced pipe sales by 19 percent to 1,004 thousand tons. Seamless pipe sales volumes declined 10 percent to 630 kt, mainly due to lower sales of industrial and other pipes in the... 25.05.2015  11:08