Metallurgy news

• China needs to close more than 200 million tons of steel capacity The Ministry of Industry and Information Technology of the People's Republic of China has calculated that in the coming years it is necessary to reduce the country's steelmaking capacity by at least 200 million tons. This was announced by Luo Teirong, deputy head of the raw materials department at... 09.04.2016  12:03

• Investment agreement signed for the TAPI gas pipeline In Ashgabat, an investment agreement was signed between the Shareholders of the international consortium TAPI Pipeline Company Limited on the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. It is known that the initial budget of the project exceeds $ 200 million... 08.04.2016  10:18

• Oil has passed the $ 40 milestone in anticipation of a meeting in Doha Oil prices rose on Friday and may be in positive territory by the end of the week on the back of data on cuts in US production and ongoing preparations for a meeting of oil producing countries in Doha. On the London Stock Exchange, quotes for June futures for Brent crude rose 1.6 percent and... 08.04.2016  09:51

• The global market for long products will grow by an average of 5 percent until 2020 According to the report of the research company WiseGuyReports, the widespread use of rolled steel in the cocking of bridges and columns, industrial and civil construction will increase the demand for these products in the world market and in Russia, in particular. In turn, Neva Metalwork Plant ,... 08.04.2016  09:16

• SSAB plans to produce steel without CO2 emissions SSAB, in partnership with LKAB and Vattenfall, has begun work to address the carbon dioxide problem in steel production. The work will convert carbon dioxide emissions into water vapor emissions. Sweden plans to take the lead in this matter. No other country in Europe has the same capabilities,... 07.04.2016  10:06

• New era of the gas market in Ukraine The situation on the Ukrainian gas market is changing rapidly. Ukraine is practically independent of gas supplies from Russia. However, there is still a lot to be done in order for the gas system to operate fully efficiently. The first signs of this are already visible. Overall, in 2015 Ukraine... 07.04.2016  09:50

• China imposes trade sanctions against North Korea China has imposed trade sanctions against North Korea in an effort to suspend imports of gold and rare earth metals. The export of aviation fuel is also prohibited. Thus, Beijing decided to adapt to the new UN Security Council resolution, which greatly tightened sanctions against North Korea in... 07.04.2016  09:16

• The price of oil is growing World oil prices are actively growing today on the background of data provided by the American Petroleum Institute (API). These data indicate a reduction in US inventories, in addition, the release of data from the US Department of Energy is expected. As of 11:00 am Wednesday, the price of June... 06.04.2016  11:13

• The current state and trends of the foundry industry in the world The foundry production of the world has maintained an upward trend for many years. Even during the economic crisis, global production of castings increased by more than 30 percent, including castings from iron, steel and aluminum alloys. The world's leading manufacturer of castings is... 06.04.2016  10:52

• Outokumpu has developed a plan to improve profitability Full implementation of the plan assumes that the company will be the “best stainless steel producer” by 2020 in terms of efficiency and customer focus. It will take several years to achieve these goals, so the company considers it necessary to introduce urgent measures to reduce costs and increase c... 06.04.2016  10:05