Metallurgy news

• Exports of Russian wheat undermine the strengthening of the ruble Russia is expected to become the largest wheat exporter this season, dominating the Egyptian market for much of the past eight months. Egypt imports more wheat than any other country and its tenders are seen as the backbone of international demand. But Russia is losing its competitiveness in the... 19.03.2016  13:08

• Korean steel makers began to raise prices Leading steelmakers in South Korea are considering plans to raise prices after years of falling and declining revenues. The country's largest steelmaker, POSCO, has already raised hot rolled steel prices by as much as 30,000 won, or nearly $ 26 per tonne, in January. Pohang is also... 19.03.2016  12:56

• Second black box found at Boeing crash site in Rostov Flydubai CEO Gheit al-Gheit said he ruled out the possibility of a bomb explosion on board passenger Boeing 737-800, en route from Dubai. The liner crashed in Rostov-on-Don on Saturday morning. In conditions of poor visibility and gusty winds, the plane crashed while landing to the left of the... 19.03.2016  12:35

• The U.S. Embassy warns its citizens of the terrorist threat in Russia and Europe The US Embassy in Moscow warns American citizens about the existing terrorist threat in Russia and Europe. William Stephens, spokesman for the US diplomatic mission, said: "Our embassies around the world share security information with American citizens on a regular basis." Stevens clarified:... 18.03.2016  09:56

• US Manufacturers Oppose China's Market Economy Status A group of leading American industrial groups have formed a new coalition to oppose the granting of "market economy" status to China. The new coalition noted that granting market economy status to this country would result in job losses in the domestic manufacturing industry. US manufacturers... 18.03.2016  09:40

• EU wants to facilitate entry for Ukrainians from April The EU Commission intends to submit a proposal to liberalize the visa regime with Ukraine in April. Both sides are interested in making it easier for their citizens to travel, European Commission President Jean-Claude Juncker said Thursday after meeting with Ukrainian President Petro Poroshenko in... 18.03.2016  09:03

• ArcelorMittal closes another plant in Spain ArcelorMittal stops long products at Zumarraga and reassigns employees to other factories. This is the second time in two months that production lines have been cut in Spain. The company attributes this move to extremely difficult market conditions, which have led to a 20 percent decline in... 17.03.2016  10:19

• EU unveils plans to fight for survival of metallurgy Plans for the European Commission, the EU's executive office, include speeding up tariffs on imports that are “discarded” at below market prices and changing the rules that limit the level of tariffs that the EU can apply to imports to become global competitors, chief among them China. The mea... 17.03.2016  10:01

• Russian proven oil reserves will run out in 28 years Sergei Donskoy, Minister of Natural Resources and Environment of the Russian Federation, said in an interview that Russia's proven oil reserves will last a little more than 28 years, so it is necessary to continue exploration drilling. “In terms of proven reserves, production will only be s... 17.03.2016  09:38

• Deutsche Bank reduces participation in metallurgy The largest German bank decided to reduce its participation in the metals and mining industry due to the increased risk associated with the industry. “Our strategy is to reduce our loan portfolio, which currently stands at € 10 billion, due to the increased risk associated with this industry,” De... 16.03.2016  10:26