Metallurgy news

• China invested 343 billion euros in renewable energy sources China is promoting the expansion of renewable energy sources. The National Energy Administration (NEA) announced on Thursday that it will invest 343 billion euros between 2016-2020 in a program to expand alternative energy sources to coal. This should lead to the creation of over 13 million jobs... 06.01.2017  11:51

• Toyota wants to be good company for US citizens after Trump's threats US President-elect Donald Trump has threatened high penalties if Japanese manufacturer Toyota produces cars in Mexico for the US market. Toyota wants to build a new plant at Baja in Mexico to manufacture Corolla models for the United States. Trump tweeted Thursday, "No way ..." Japanese... 06.01.2017  11:35

• Russian sanctions destroyed 400,000 jobs in Europe The economic war with Russia cost the EU countries almost 18 billion euros in 2015. Trade relations have been hit hard, new research by the Economic Research Institute (WIFO) published by derStandard shows. Vienna is a small supporter of EU sanctions against Russia. “Austria is against s... 05.01.2017  14:06

• China's industrial profits increased significantly in 2016 China's industrial profit rose 9.4 percent over the previous year. An expert from the country's statistical office noted that "the growth was mainly due to the recovery of prices in the raw materials industries, such as oil refining and mining and metallurgy." Profits from January to November... 05.01.2017  13:30

• EU dependence on energy imports is growing In the EU, imports of fossil fuels, including coal, oil and gas, are growing steadily, and production is falling in contrast to the rest of the world. These are the findings of the European Commission's latest statistical yearbook on EU energy. According to this study, energy production in the... 05.01.2017  12:19

• Analyst: there are no signs of stopping the rise in oil prices The oil market started 2017 with a continuing increase in 2016. In the coming weeks, investors will focus on the fact that OPEC producers and outside the organization will actually begin to implement provisions on limiting the supply of raw materials. “The reports from Kuwait and Oman have been p... 04.01.2017  12:07

• Stainless Steel Producers Raise Prices Significantly Stainless steel prices are rising rapidly due to improved demand and higher raw material costs, which are at least half as much as last year. This leads to higher prices for manufacturers of finished products. According to analysts at MEPS International, moderate demand is pushing prices up on... 04.01.2017  11:46

• Good forecasts for metals for Q1 2017 The first quarter of the new year can be a good time for industrial metals. Copper on the London Metal Exchange (LME) traded at the open of trading at $ 5492.00 a tonne and rose to $ 5500.00 at the close on Tuesday. It is worth noting that in the fourth quarter of 2016 the increase in copper... 04.01.2017  11:08

• China's industrial growth beat forecasts China's PMI is at its highest level since 2013 according to the latest results. Industrial production in China rose stronger-than-expected, thanks to increased demand in December last year. The Caixin /Markit Purchasing Managers Index released on Tuesday rose one point to 51.9 on a seasonally... 03.01.2017  16:53

• Turkey has the ability to increase steel exports Improved markets in Europe, the United States and the Far East have led to an increase in Turkish steel exports. The relatively low prices for scrap metal will especially help to improve its competitiveness. According to the Association of Turkish Steel Exporters, the situation in the... 03.01.2017  10:46