Metallurgy news

• 2016 stainless steel production projected at record high Although stainless steel production declined slightly last year, analysts at MEPS International predict a slight increase this year, leading to a record high of around 42 million tonnes. Last year, stainless steel production was 41.5 million tonnes, down 0.3 percent, according to the... 13.05.2016  09:18

• PJSC "ArcelorMittal Kryvyi Rih" has successfully passed the recertification audit in accordance with ISO 9001 In April 2016, during an ISO 9001: 2008 recertification audit conducted by SGS, an international certification body, PJSC ArcelorMittal Kryvyi Rih successfully renewed its quality certificate. During the audit, SGS auditors checked the compliance of the management system with the requirements of... 12.05.2016  17:30

• German Vice Chancellor and Gazprom CEO Discuss Nord Stream 2 At a working meeting in Berlin on Wednesday, German Vice Chancellor Sigmar Gabriel and Gazprom CEO Alexei Miller emphasized the importance of the Nord Stream 2 project. The Russian company indicated that last year was a record year in terms of gas supplies to Germany. They reached 45.3 billion... 12.05.2016  15:25

• Asia to dominate global scrap metal trade by 2020 In the global scrap market, Asia is projected to lead by 2020, accounting for more than 40 percent of global volume, according to a recent TechNavio study. Asia is expected to be able to trade over 258 million tonnes of scrap steel in 2020, out of a global 633 million tonnes, the study said. In... 12.05.2016  14:46

• Chinese steel mills cut losses in March According to the China Iron and Steel Association (CISA), China's largest steel mills returned to profit in March, reducing losses in the first quarter to 8.75 billion yuan, or about 1.35 billion euros. China's operating losses for the metals industry have declined over the past few months.... 12.05.2016  11:12

• Silver demand hits record high Silver demand hit record highs last year with jewelry, coins and photovoltaic sectors, helping to boost sales of the precious metal Experts also predict rosy silver prices. Last week, analysts attributed the growth to the strongest decline in mine productivity in recent years and an increase in... 11.05.2016  10:35

• Seven applicants for British Tata Steel designated Tata Steel's board announced that a number of companies have expressed interest in acquiring the British company. For further discussion, seven of them were selected, which are ready for the adoption of the entire concern in this country. Tata Steel Europe plans to sell its entire business in... 11.05.2016  09:56

• Oil prices rise amid news of fires in Canada and Nigeria Serious fires in Canada in the oil sands region of Albert province have led to a reduction in the production of oil companies in that country. The fires that began in May caused a decrease in oil production in Canada, by about 2.5 million barrels per day. Reports of supply problems overshadowed... 11.05.2016  09:34

• Iran has no plans to freeze oil production Iranian Oil Minister Bijan Zangane said that Iran is not currently considering the possibility of freezing the level of oil production offered by Saudi Arabia. IRINN TV channel quoted the minister: “I had a conversation with the Minister of Oil of Saudi Arabia at that meeting (in Doha - ed.), B... 10.05.2016  11:59

• Goldman predicts iron ore price at $ 40 by the end of 2016 In the report, the influential investment bank raised its quarterly forecast for iron ore from 47 percent to $ 55 per tonne. Further, iron ore will fall steadily from July to September to $ 45 and will drop to $ 40 in the fourth quarter. Goldman Sachs expects iron ore to decline throughout... 10.05.2016  11:51