Metallurgy news

• Half a million Chinese will lose their jobs in the iron and steel industry As a result of government measures, about 500 thousand people will lose their jobs in the metallurgical and mining industries this year. This is part of Beijing's struggle with overcapacity in energy-intensive sectors of the economy. Their plans were announced at the Chinese Ministry of Labor.... 02.03.2017  10:36

• Coal consumption in China falls for the 3rd year in a row China's coal consumption declines for the third consecutive year in 2016 as the world's largest pollutant increasingly faces massive environmental challenges. The National Bureau of Statistics reported that coal consumption fell 4.7 percent last year. The share of coal in China's total energy... 01.03.2017  10:56

• AISI: US steel production is growing steadily The American Iron and Steel Institute reports growth in US steel production using 74.7% of the industry's capacity. Last week, American plants produced 1.77 million tons of steel, up 0.2% from 1.766 million tons a week earlier. Capacity utilization rose to 74.7% from 74.6% a week... 01.03.2017  10:33

• Ukrainian metallurgy switches to Russian coal If the Avdiivka Coke Plant had not imported imported coals, it would have stopped long ago, said its general director Musa Magomedov. “If we hadn’t transported alternative coals three times more expensive, we would have already been standing, but we are working half-heartedly. Our profitability i... 01.03.2017  09:18

• Dneprospetsstal: production results in January 2017 In January 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 20,290 tons of steel, which is 5.1% less than last month. During the same period, the Company produced 14,173 tons of rolled metal, which is 4.1% more than in December 2016. The total cost of c... 28.02.2017  18:19

• Copper stalled growth after Trump's speech Copper stabilized on Monday as markets anticipated further increases in US infrastructure spending from President Donald Trump this week, but production outages at the world's two largest copper mines have supported prices. The metal hit its highest from May 2015 to February 13 amid news of a... 28.02.2017  11:36

• EU expects steel consumption to rise in 2017 and 2018 The Economic Committee within the European Association of Steel Producers (EUROFER) predicts that the European economy will continue its growth trend in 2017. He expects an increase in growth in construction activity in 2017. In addition, commodity prices are likely to continue to rise throughout... 28.02.2017  11:23

• Trump intends to increase military spending President Donald Trump, in his draft federal budget for fiscal 2018, plans to increase military spending by $ 54 billion, or nearly 10 percent, White House officials said. “My budget will be the public and national security budget. The budget assumes a historic increase in defense spending, to r... 28.02.2017  11:05

• Intertype signs five-year contract with American Progress Rail Services Ukrainian industrial company Intertype has signed a five-year contract with the leader of the North American rail sector, Progress Rail Services, to supply the company's railroad wheels and axles. Under the terms of the contract, Intertype will annually supply the American company with over... 27.02.2017  10:32

• China becomes Germany's most important trading partner for the first time In 2016, China became Germany's top trading partner for the first time. Imports and exports between the two countries amounted to around 170 billion euros, according to data from the Federal Statistical Office. In second place is France with a good turnover of 167 billion euros. The United... 27.02.2017  10:08