Metallurgy news

• Iran overtakes India in DRI production According to World Steel, Iran overtook India to become the largest DRI producer during the month of March. India and Saudi Arabia were the second and third largest producing countries for DRI. Data released by the World Steel Association indicates that global production of direct reduced iron... 26.04.2016  10:05

• ThyssenKrupp begins construction of a furnace in Duisburg ThyssenKrupp awarded contracts for the construction of a ladle furnace in Duisburg, a port city in western Germany. This will expand the range of high-quality steel for the automotive industry. The company plans to invest about 40 million euros in the project. Construction is expected to begin... 25.04.2016  10:58

• 30 years since the accident at the Chernobyl nuclear power plant The largest man-made disaster of the 20th century occurred 30 years ago, on April 26, 1986. As a result of the accident at the Chernobyl nuclear power plant, Ukraine, Belarus and Russia have suffered the most. To eliminate the consequences of the accident at the Chernobyl nuclear power plant in... 25.04.2016  09:55

• Alcatel supplies equipment to Iran Five years ago, a consortium of four leading telecom operators from four countries signed an agreement to build and maintain a new cable system called the Europe-Persia Express Gateway (EPEG). The system is designed to operate from Germany in Eastern Europe, Russia, Azerbaijan, Iran and the Persian... 25.04.2016  09:34

• Austrian steel giant receives large order from Russia The Austrian group Voestalpine will provide several hundred thousand tons of special plates for the construction of the Nord Stream 2 gas pipeline. This is the largest order the Group has received in its history. The exact figures for the volume of orders have not yet been published. Nord Stream... 23.04.2016  08:38

• Chinese company interested in oil giant Rosneft The Chinese state oil company would like to become part of Rosneft. In this connection, consolidated negotiations with the Russian government are planned. Plans to privatize Russia's largest oil company, Rosneft, have caught the attention of China. China National Petroleum Corp (CNPC) announced... 22.04.2016  10:14

• Europe celebrates Steel Day The fortieth anniversary of the European Iron and Steel Association Eurofer is celebrated as part of the European Steel Day. The slogan of this year's event - “Building the future as strong as steel” - shows the strategic importance of steel for the EU economy. Geert Van Poelvoorde, CEO of Eur... 22.04.2016  09:50

• EVRAZ - operating results for the first quarter of 2016 EVRAZ announced its operating results for the first quarter of this year. Total steel production remained flat in the fourth quarter of 2015 at 3.5 million tonnes of steel. During the first three months of 2016, the company's Russian metallurgical plants operated at full capacity. Steel... 22.04.2016  09:09

• Unexpected success for Russia in the dispute over Yukos In the billion-dollar dispute over the Yukos oil company, Russia has achieved surprising success. Accordingly, Russia will not have to pay even $ 50 billion to former Yukos shareholders. A court in the Netherlands overturned a decision that ordered Russia to pay billions of dollars in... 21.04.2016  10:04

• Oil price peaks since December 2015 The price of a barrel of Brent crude exceeded $ 46. The cost of futures contracts for delivery in June 2016 for Brent crude oil on the London Stock Exchange rose to $ 46.05 per barrel, up 0.55 percent. This price is the highest since the beginning of December last year. Oil rises on the... 21.04.2016  09:44