Metallurgy news

• Global scrap consumption increased 3.3% in 2016 In 2016, the apparent consumption of scrap metal in the world amounted to about 556 million tons, an increase of 3.3 percent compared to 2015. For two consecutive years, scrap metal consumption has grown steadily, reaching over 500 million tonnes recorded in 2011. The Russian scrap metal market... 24.02.2017  12:51

• ThyssenKrupp divested of assets in South America ThyssenKrupp will receive 1.5 billion euros for its Brazilian CSA plant. The buyer was Ternium, which needs a source of slabs. Thus, ThyssenKrupp Steel eliminates the American segment. Both sides are currently awaiting government approval. Completion of the transaction is possible before the end of... 24.02.2017  12:43

• Steel production in India increased by 12% in January In January 2017, steel production in India increased by 12% to 8.4 million tonnes compared to the same period in 2016, when the country's steel output was 7.5 million tonnes. This is well above the 7% growth in total global steel production, which stood at 136.5 million tonnes in January... 23.02.2017  12:22

• Metallurgists of Zaporizhstal opposed the blockade of railway communication with Donbass The labor collective of "Zaporizhstal" appealed to the mayor Vladimir Buryak and the city council deputies with an appeal to use all methods and means admissible by the law of Ukraine to resolve the problem of blocking railway communication with Donbass as soon as possible. This was reported on the... 23.02.2017  12:11

• Swiss company is going to make millions with Nord Stream 2 Gazprom and the Swiss company Allseas Group have signed a contract for the construction of the offshore section of Nord Stream 2. This is another order from the Russian concern for a Swiss company that specializes in laying subsea pipelines. Previously, the company agreed to perform seabed... 23.02.2017  12:02

• World steel production increased in January In January of this year, steel production in the world reached 136.5 million tons, an increase compared to January last year by 7 percent. China, the European Union, Turkey, Russia, Ukraine and Kazakhstan have increased steel output. Russia produced 6.183 million tons, increasing steel output by... 23.02.2017  10:46

• Miners benefit from rising commodity prices Two of the world's largest mining companies, BHP Billiton and Anglo American, reported skyrocketing profits, fueled by rising commodity prices. BHP's half-year profit was $ 3.24bn (£ 2.6bn), up from $ 412ma a year earlier. Chief Executive Officer Andrew McKenzie said the strong results also ... 22.02.2017  11:58

• Scrap metal deficit in Ukraine may reach 1 million tons in 2017 According to the forecast, in 2017, 2.9 - 3.1 million tons of scrap metal will be procured in Ukraine, which is less than the actual supply to Ukrainian plants in 2016, which amounted to 3.2 million tons. In addition, this is significantly less than the demand in 2017, which, according to... 22.02.2017  11:41

• Iran announced its intention to sell oil to Russia Iran has announced that it will sell 100,000 barrels of oil per day to Russia over the next 15 days, receiving half in cash and half in goods and services, according to the Iranian Student News agency. The details of the agreement were presented by Iranian Oil Minister Bijan Namdar Zangane after... 22.02.2017  10:56

• Steel prices in the EU have not yet reached their peak MEPS International Limited believes that the limited supply in the European market is the main reason for the rise in flat steel prices. In the case of some products, further increases are possible, while imports are becoming more attractive. European manufacturers are planning to raise prices... 22.02.2017  10:39