Metallurgy news

• Lecco Metallurgical Plant in Italy relaunches production Lecco's steel mill, formerly owned by Italy's second largest steelmaker Lucchini, is due to resume production in May and plans to hire nearly 100 employees, including former workers. Lucchini was formerly owned by the Russian Severstal, but was taken under special control by the administration... 12.04.2015  10:28

• Fighting Illegal Dumping Doesn't Help US Steel Producers The US federal government has failed to stop the collapse in steel prices. "Anti-dumping sanctions don't work and in some cases are even detrimental," said Congressman Rick Nolan, who represents the Iron Range. The fall in oil prices has strengthened the US dollar overseas, making the prices of... 11.04.2015  15:00

• The stable rating reflects the efficient operation of MMK Moody's affirms the corporate rating (CFR) of Magnitogorsk Iron and Steel Works at Ba3 and the probability of default (PDR) at Ba3-PD. The international rating agency has completed its rating downgrade, reflecting the deteriorating operating environment in Russia, and considers the rating outlook... 11.04.2015  12:22

• Russia for the first time in 25 years outstripped the United States in gold production While China maintains its place in the top ten gold producing countries in the world, it is far from the only country to see growth in the past year. Increases in gold production were also seen in a number of other countries, including Australia, Canada, the Dominican Republic and Russia. This... 10.04.2015  13:54

• China plans to build a railway line across Everest China is set to build a strategic, high-speed 540-kilometer rail line between Tibet and Nepal through a tunnel under Mount Everest, which worries India about the growing influence of China in its vicinity. As a result, it is planned to extend the existing Qinghai-Tibet railway to the border of... 10.04.2015  13:12

• Ukraine opens gas sector to investors Ukraine's parliament has approved a law designed to break the monopoly and attract investment in the country's lucrative but opaque natural gas sector. In accordance with the law, Ukraine will divide Naftogaz into separate production, transit, storage and supply. Its restructuring, together with an... 10.04.2015  12:13

• India and Turkmenistan discuss construction of TAPI gas pipeline and other joint projects Indian Foreign Minister, Sushma Swaraj, arrived on a three-day visit to resource-rich Turkmenistan to discuss key bilateral and regional issues, including military-technical cooperation and progress on the ambitious TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project. worth 10... 09.04.2015  13:30

• There has been an increase in prices for copper and scrap copper North American scrap copper prices rose in April 2015 from the lowest price index. Chinese prices for copper scrap fell slightly in early April, but the preconditions for their recovery have already appeared. The fact is that the price of copper on the exchanges remains below $ 3 a pound, but... 09.04.2015  12:49

• Steel imports fell in the US in March, with significant growth since the beginning of the year The American Iron and Steel Institute (AISI) reports that steel imports during March 2015 totaled 3.744 million tonnes. This is 3 percent less compared to the 3.855 million tons recorded in February. Since the beginning of 2015, imports of steel and finished rolled products amounted to 11.849... 09.04.2015  11:29

• Steel demand in Russia may decrease in 2015 According to a report submitted by the Russian Steel Associations, domestic demand for finished steel products is likely to decline significantly during 2015, and the country's steel production may also fall from the previous year. Domestic demand could decline by almost 11.5 percent in 2015 to... 08.04.2015  13:27