Metallurgy news

• Stainless steel demand will grow 3 percent annually until 2019 Global demand for stainless steel products aims to reach 38.0 million tonnes this year and 39.2 million tonnes in 2017. Global consumption expects a CAGR of about 3 percent from 2016 to 2019, Finnish stainless steel maker Outokumpu said in its 2015 annual report. Global demand for stainless... 12.03.2016  10:21

• Turkey plans to acquire coal mines in Ukraine Turkey intends to get the coal mines of Ukraine, according to the Turkish newspaper Enerjigunlugu. In addition, Turkey is going to lease a gas storage facility in Ukraine. Last year, the Ukrainian government made a decision to reform the coal industry. According to this decision, 10... 12.03.2016  09:43

• Brazil doubles long products exports in February Brazil shipped 52,430 tonnes of long products in February, double the 22,186 tonnes shipped in the same period last year, according to the Commerce Department. Total sales follow a 73.9 percent year-over-year growth trend to $ 26.14 million FOB from $ 15.03 million FOB. Rebar contributed... 11.03.2016  10:18

• American oil company Chevron cuts thousands of workers Chevron announced it is eliminating 4,000 jobs this year. In addition, the US oil company is cutting its budget for the next two years by at least 17 percent. The reason for the company's austerity is falling oil prices and a recent quarterly loss of $ 588 million. After its first quarterly loss... 11.03.2016  09:45

• Turkey to send mobile military hospitals to Ukraine Turkey intends to send five mobile military hospitals to Ukraine, which will be delivered by the flagship of the Ukrainian naval forces, the Hetman Sahaidachny frigate, which is participating in joint military exercises with the Turkish armed forces, which are currently taking place in the Sea of... 11.03.2016  09:21

• The global copper market expects a deficit of 500,000 tons by 2020 The global copper deficit may widen after 2017 as new mines are unlikely to be built. Global markets are likely to face a 500,000 tonne deficit by 2020, according to Javier Targetta, senior vice president of marketing and sales at Freeport-McMoRan Inc. A Freeport spokesman expects a new wave of... 10.03.2016  11:44

• Iron ore imports to China rise 8 percent in February In February 2016, China's imports of iron ore rose 8.3 percent to 73.61 million tons from a year earlier, according to customs data. During this period, major miners increased shipments of iron ore to gain a larger market share for the world's largest consumer of this raw material. Imports also... 10.03.2016  11:22

• Ukraine plans to participate in the modernization of Iran's energy Iran and Ukraine have reached an agreement on the participation of Ukrainian companies in the modernization of the Iranian energy infrastructure, according to the Ministry of Energy and Coal Industry of Ukraine. The report says that Ukraine and Iran have agreed to start work on projects under... 09.03.2016  10:27

• Rebar prices continue to rise supported by scrap and billet prices Turkish companies offer rebar at a price with a further increase amid increased demand. The offer price is in the range of $ 360-370 per tonne EXW. Recent increases in scrap and billet prices have also contributed to higher prices in the domestic rebar market. Accordingly, export prices for... 09.03.2016  10:27

• ArcelorMittal Announces Sale of Several US Steel Smelting Facilities ArcelorMittal has decided to sell three of its US steel plants. The company noted that it is in talks to sell some long products. The company intends to sell LaPlace, Steelton and Vinton properties. In addition, the company also decided to permanently close the Luxembourg Schifflange plant. The... 09.03.2016  09:24