Metallurgy news

• Workers at Cerro Verde copper mines in Peru plan to resume strike Striking Freeport-McMoRan workers at the Cerro Verde copper mine in Peru, who were forced to return to work on Thursday following a labor ministry ruling, decided to restart the strike on March 24, a union official said. The 13-day strike of 1,300 miners, which began on March 10, was declared... 23.03.2017  10:36

• E-United Group plans to build a metallurgical plant in the USA E-United Group, one of Taiwan's leading steel makers, announces that it plans to invest around NT $ 50-60 billion to build a steel plant in the United States. The US investment project plan is mainly based on the company's long-term development strategy for expansion and future sustainability.... 23.03.2017  10:14

• INGS: global nickel deficit amounted to 1,100 tons The International Nickel Study Group (INSG) reports that in January 2017, the global nickel market continued to experience a supply deficit of 1,100 tonnes. In January, global consumption of refined nickel reached 170,100 tons, up slightly from 169,000 tons in the same month. At the same time,... 22.03.2017  12:10

• China's Hebei Steel Gets Approval for $ 6 Billion Modernization Project Hebei Steel Group, the largest steel producer in China, has received approval for a 42.4 billion yuan ($ 6.2 billion) project, which will reduce its steel production capacity by almost 2 million tons by upgrading old technologies. China, the world's largest steel producer and consumer, is... 22.03.2017  12:03

• OMK continues to modernize its pipe production The Russian Pipe Company (OMK) announced that it continues to carry out a full range of modernization and technical re-equipment of equipment for the production of pipe products at its subsidiary AO VMZ, Vyksa Metallurgical Plant. It is planned to fully modernize the existing production of... 22.03.2017  10:07

• Italians have come to an agreement with Gazprom Russian gas company Gazprom and Italian energy company Eni signed a Memorandum of Understanding on Russian gas supplies to Italy. The southern corridor is very important for Moscow, as this can prove the need to build a new supply route bypassing Ukraine. According to Gazprom head Alexei Miller,... 22.03.2017  09:31

• China's non-ferrous metal production is projected to grow in 2017 Production of major non-ferrous metals such as copper, aluminum, lead and zinc is expected to grow 4.8% year-on-year in China in 2017, equivalent to 55.37 million tonnes, according to a report issued by the Ministry of Industry and Information Technology. (MIIT). MIIT said that for the... 21.03.2017  10:53

• Indian Steel Ministry Explains Industry Situation In his opening remarks at the end of India Steel 2017, Metals Minister Chaudhary Birender Singh said that the past 3 years have been quite challenging for the Indian steel industry. The Indian government had to intervene strategically to provide policy and regulatory support, which yielded... 21.03.2017  10:34

• The largest container ship in the world was built in South Korea The South Korean shipyard Samsung Heavy Industries (SHI) has built the world's largest container ship with a capacity of 20,150 TEU. This is the first of a series of four vessels ordered in February 2015 by Japanese shipowner MOL (Mitsui OSK Lines), which has the tenth largest fleet. The MOL... 21.03.2017  09:51

• German steelworkers achieve wage increases as a result of the strike IG Metall and western German steel employers have reached a wage agreement that could serve as a pilot deal for the entire sector. A joint announcement was made that 72,000 metallurgists in northwest Germany will receive 2.3 percent more wages from April. The wage agreement also includes an... 20.03.2017  16:23