Metallurgy news

• EU wants to check points of transmission of gas from Russia to Ukraine The EU is asking Russia for permission to inspect the volume of gas introduced into Ukraine's transmission system. The problem lies in the dispute between Russia and Ukraine over the volume of gas supplied by Gazprom in the first half of this year, namely, the supply of 1.2 billion cubic meters of... 03.09.2016  11:50

• Chinese metallurgists are pleased with their results Following the release of half-year financial results, three of China's top steelmakers - Baoshan Iron & Steel Co, Angang Steel Co and Wuhan Iron & Steel Group - are welcoming the recovery in the steel market and praising their cost-cutting success. The Global Times report claims that Baoshan... 03.09.2016  11:24

• Kazakhstan again introduces a ban on the export of scrap Kazakhstan imposed a six-month ban on the export of ferrous scrap starting from August 29, 2016. The country's Minister for Investment and Development Zhenis Kassymbek cited as the main motivation for this step "a critical shortage of scrap for local metallurgists." The latest data released by... 02.09.2016  12:58

• BP sees oil price at $ 50 per barrel in 2016 BP CEO Robert Dudley said he expects global oil prices to remain at around $ 50 a barrel by the end of this year, and at or even "slightly higher" in 2017, he told reporters. “I think that now, since 2014, we have returned to a balanced oil and gas market. The balance of supply and demand is e... 02.09.2016  11:00

• Significant growth in stainless steel demand is expected by 2024 According to a new study published by OrbisResearch, the global stainless steel market will reach $ 127.19 billion by 2024. The report says stainless steel will be used more widely in a wider range of applications across a variety of industries, including construction, transportation, industrial... 02.09.2016  09:22

• Forecast and analysis of production of iron ore and steel Sucden Financial has published a report that analyzes and forecasts the output of iron ore and ferrous metallurgy in the 3rd quarter of 2016. According to the report, iron ore prices rose in the second quarter of this year. However, prices managed to stabilize around $ 50- $ 55 per tonne in June.... 01.09.2016  12:27

• China dismantles blast furnaces The Baogang Group began dismantling one of the blast furnaces built in 1959. The production capacity will decrease by more than one million tons and about 2.5 thousand metallurgists will lose their jobs. China's Baogang Group is planning significant demolition of its blast furnaces. This is part... 01.09.2016  10:40

• Norway builds steel fence against migrants and refugees Norway is building a massive steel fence on its short border with Russia to prevent refugees from entering. Apparently, the government is counting on the constant pressure of the migration flow. The Norwegian government has already begun building a fortified border fence with Russia. According... 31.08.2016  12:19

• European companies count on the development of Iran's Caspian fields Companies from the Netherlands, Norway and the United Kingdom are offering Tehran to implement oil and gas projects in the Caspian Sea. The Europeans would like to explore the area and develop possible areas of cooperation. This was discussed in a series of meetings, according to the IRNA news... 31.08.2016  12:02

• Japan's Steel Exports Increase and Domestic Consumption Decreases In the first half of this year, orders for Japanese steel products for domestic consumption declined. Meanwhile, steel exports from the country have grown. According to the latest data released by the Japan Iron and Steel Federation (JISF), domestic special steel orders fell 4.2% year-on-year to... 30.08.2016  11:12