Metallurgy news

• Russia increases pensions ahead of elections Russia is increasing pensions - and can afford it, given its low government debt. A few weeks before the elections, the Russian government approved an increase in pensions. The state will increase spending by more than 470 billion rubles in spending (6.5 billion euros), Russian Prime Minister... 29.08.2016  14:31

• Belarus will buy Russian gas 30 percent cheaper Minsk and Moscow have agreed on a new formula for gas prices, due to which Belarus will pay much less for raw materials. Both sides agreed to change the price formula to eliminate dependence on uncertain "external factors". The gas price for Belarus will depend on the average gas price in... 29.08.2016  13:31

• MEPS on Emerging Steel Markets Brazilian distributors have denounced the latest offers from factories for higher prices given the current trading climate. As a result, they forecast a rise in the tonnage of imports. The business climate in the Russian Federation remains challenging, according to MEPS analysts. Trade... 29.08.2016  12:19

• China's metallurgy felt improvement China's major steel companies saw the market turn for profit in the first half of 2016, but the pressure to cut overcapacity in the sector remains. In a report submitted to the Shanghai Stock Exchange, Shandong Iron and Steel Company said its net profit was 23.15 million yuan ($ 3.5 million) in... 28.08.2016  13:29

• Gazprom registered a new company in Germany Russian gas giant Gazprom has registered in Germany a new company Gazprom PGT Europe, which deals with the operation of filling stations in Europe. According to representatives of the Russian company, the new company is registered in accordance with the requirements of German energy legislation,... 28.08.2016  12:30

• Zinc rises to 15-month high On the London Stock Exchange, zinc hit its highest level in 15 months on Friday as new shutdowns in China's metallurgy sector added supply concerns. China plans to cut steel production by 2.91 million tonnes this year, according to state media reports. In China, steel mills have raised steel... 27.08.2016  11:39

• Sberbank hits record profit amid sanctions Sberbank of Russia has not been affected by the sanctions. Despite the fact that the US and the EU had blocked access to the international financial market. The bank made a record profit. In the second quarter, the largest Russian bank's net profit was the equivalent of almost two billion euros,... 27.08.2016  11:07

• Ukraine is considering the supply of oil from Iran Ukraine and Iran are currently exploring the possibility of supplying Iranian oil to meet the needs of Ukrainian refineries, as well as refineries located in Central and Eastern Europe, according to the Ministry of Energy and Coal Industry of Ukraine. However, the details related to the routes... 26.08.2016  11:59

• June DRI Global Production Results Preliminary data released by the World Steel Association indicates that global production of direct reduced iron (DRI) in July this year rose by almost 5.4% from the previous month. World DRI production during July 2016 was 4.559 million tonnes, up from 4.326 million tonnes in June this year.... 26.08.2016  10:50

• Americans started exporting gas to China The first US LNG tanker arrives at the Jantian port in southern China. Thus, the Americans are giving up the glove of the local market supplier of raw materials. Interestingly, the US LNG tanker was originally supposed to sail for South America, but changed course after the Chinese recipient... 25.08.2016  12:43