Metallurgy news

• German automakers sell one in three cars in China German car sales in China have tripled since 2009, to five million units. More than a third of the global car sales of Volkswagen, BMW and Daimler are associated with the People's Republic of China. German automakers already sell one in three cars in China, a study shows. A year earlier, the share... 31.01.2017  10:54

• Belarus to increase export duties on oil from February Belarus will increase export duties on oil and petroleum products in markets outside the Eurasian Economic Union starting in February, the press service of the government said. The export duty on crude oil will range from USD 79.1 to USD 89.5 per tonne. The duty on gasoline will increase from $... 31.01.2017  10:10

• By the end of 2017, an increase in the price of nickel and stainless steel is projected In a new report, independent research house Capital Economics predicts that of all industrial metals, the price of nickel has the best growth prospects. Nickel is an important raw material for the production of stainless steel products, such as a circle, square, hexagon, stainless steel angle and... 31.01.2017  09:56

• Chinese Hesteel Group may buy a metallurgical plant in Slovenia United States Steel Corporation, the current owner of the largest Slovak steel mill in Kosice, signed a memorandum of cooperation with the Chinese company Hesteel Group. According to Slovak media, this will lead to a change in the ownership of the steel production. The fact that US Steel wants... 30.01.2017  11:26

• Improving prospects for the iron and steel industry in Russia Major Russian metallurgists expect 2017 to be the best year for the industry as the national economy grows thanks to firmer oil prices and higher steel prices. Companies have suffered over the past two years, as global steel prices hit 11-year lows and the country's economic crisis eroded... 30.01.2017  11:00

• Largest steel producers in 2016 China continues to be the world's largest steel producer for a year, followed by Japan and India in second and third places. Global production totaled 1.604 billion tonnes throughout 2016, an increase of 0.7% over the previous year. The World Steel Association (Worldsteel) has released a list of... 30.01.2017  10:03

• China's nickel ore reserves continue to fall In seven major Chinese ports, nickel ore stocks dropped significantly during the week ending January 26, according to Shanghai Metals Market. Nickel ore stocks fell 150,000 tonnes in a week, according to SMM. Domestic nickel ore market trading in China has stalled with the 2017 New China Year... 29.01.2017  13:43

• Africa's exploration budget declines 24% in 2016 While Africa accounted for 13%, or $ 916 million, of the global exploration budget in 2016, research from Standard & Poor's found it was 24% lower than in 2015. Survey data found that of 34 mining countries in Africa, only the Democratic Republic of the Congo (DRC) set an exploration budget... 29.01.2017  13:32

• Russian gas is supplied to Europe at full speed In general, this year, record volumes of daily export deliveries of Russian gas have already been set six times. In addition, the record result has been revised up to sixteen times since mid-October. The main reason for the increase in exports is the growing demand for gas in Europe. Demand is... 29.01.2017  12:58

• Interpipe registers a trademark in Saudi Arabia to combat counterfeit products The global steel pipe manufacturer Interpipe has registered a trademark with the Saudi Arabian Ministry of Trade and Industry. The registration of the trademark in the United Arab Emirates (UAE) is a step that will strengthen the company's position in the fight against counterfeit steel... 28.01.2017  13:06