Metallurgy news

• Negotiations with Ukrainians on the future of the Gdansk Shipyard The Polish Development Fund announces the development strategy of the Gdansk shipyard: "We are negotiating with the Ukrainians about a common future strategy in relation to the Gdansk shipyard and GSG Towers." In December, the Industrial Development Agency increased its stake in GSG Towers, which... 03.02.2017  11:07

• Russia reduced oil production by 100 thousand barrels per day in January According to initial and still unofficial data, in January 2017, oil production in Russia was almost 100 thousand barrels per day lower than a month earlier. Average Russian production, according to two sources, reached 11.11 million barrels per day (or 1,516 million tonnes per day) last month,... 03.02.2017  10:43

• Experts: EU duties on stainless steel from China hinder machine builders The EU's introduction of nearly 65 percent anti-dumping duties on stainless steel pipes made in China and Taiwan is well suited for steel mills in Europe, but it may be disadvantageous for further processors, including those in mechanical engineering. The European Commission recently... 03.02.2017  09:42

• Zaporizhstal production results for January In January 2017, PJSC Zaporizhstal produced 287.7 thousand tons of pig iron, 326.2 thousand tons of steel and 270 thousand tons of rolled products. Pig iron production in January of this year fell by 58.0 percent compared to 345.7 thousand tons in January last year. Steel production in... 02.02.2017  10:18

• Coal prices are falling Spot prices for coal used in power plants have plummeted after a strong surge last fall. This happened when China eased restrictions on domestic coal production. China's energy policy has the potential to set trends in international coal prices as the resource-intensive country significantly... 02.02.2017  09:46

• MEPS World Steel Steel Price Prediction MEPS World notes that the average price of flat products and steel pipes has increased by 4 percent since the beginning of 2017 compared to December. In addition, the price is more than 50 percent higher than the figure recorded in January 2016. Therefore, in some cases, it is advisable to use... 02.02.2017  09:23

• Deutsche Bank predicts an increase in iron ore prices until the second half of 2017 In 2016, commodity prices made an impressive comeback, especially iron ore prices. After several years of recession, they jumped nearly 90%, boosted by a combination of increased steel production in China, falling production and a flurry of speculative trading activity in the Chinese futures... 01.02.2017  11:01

• Moon Express ready for first private trip to the moon after new investment Moon Express, the first US private space exploration firm to receive government approval to go beyond Earth's orbit for a trip to the moon, scheduled for late 2017. Fresh funds will allow Moon Express to solve unexpected problems associated with landing a spacecraft on Earth's only natural... 01.02.2017  10:24

• Russia to appeal against EU decision on anti-dumping duties on steel Russia applied to the WTO on the issue of anti-dumping duties imposed by the European Union on Russian steel. According to Russia, the EU violated a number of WTO provisions. The Russian side believes that the European Commission committed many violations of the WTO rules during the anti-dumping... 01.02.2017  10:04

• Dneprospetsstal: production results in December 2016 and results in 2016 In December 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21,385 tons of steel, which is 12.3% higher than the level of the previous month. During the same period, the Enterprise produced 13 620 tons of rolled products, which is 6.5% more than in N... 31.01.2017  15:54