Metallurgy news

• Nickel scrap exports fell in the USA The latest statistics released by the US Department of Commerce (DOC) indicate that the country's nickel scrap exports fell sharply by a third in December last year from the previous month. However, the average export price of nickel scrap increased during the month. The aggregate export of... 22.02.2016  09:32

• Zinc market surplus amounted to 81 thousand tons in 2015 - WBMS According to a recently released metal balance report by the World Bureau of Metals Statistics (WBMS), the global zinc market posted surplus in January-December last year after recording a deficit during 2014. According to the WBMS, the global zinc market recorded a slight surplus of 81 kt... 22.02.2016  09:09

• Brazilian mining company Vale delivers record production Vale, a major Brazilian metal mining company, raised production by 4.3% in 2015, compared to the previous year, despite a glut of the global market. From October to November last year, the company significantly increased the rate of extraction of raw materials, which led to serious damage to other... 21.02.2016  13:34

• Turkey sends missiles to border with Syria Turkey has moved missile systems to the Syrian border. They can be used in the Syrian province of Aleppo. Russia, apparently anticipating a possible confrontation, postponed the flights of several military aircraft. The missile systems are located in the Turkish province of Hatay. Hasan... 21.02.2016  13:16

• Austrian company OMV cooperates with Russia despite EU sanctions Austrian oil and gas group OMV has announced that it is firmly committed to its planned partnership with Russia's Gazprom. Thus, OMV opposes political pressure from the US and the EU to push back Russia's influence in the European energy sector. Despite tensions between the West and Russia, OMV... 20.02.2016  12:59

• Vale ends 2015 with record production Vale, Brazil's largest mining company, posted a 4.3 percent increase in iron ore production over the previous year, despite global glut. The company stepped up its production from October to December, which seriously hurt other manufacturers and destroyed small competitors. The iron ore giant,... 20.02.2016  12:24

• Downsizing in China's steel industry could spark social unrest The downsizing of China's massive metallurgy will not happen fast enough for the rest of the world, it will take years for steelmakers to feel relieved. The cut in capacity of China's steel industry is the largest industrial restructuring ever to take place in the world. For most of the globe,... 19.02.2016  11:25

• Poland calls on NTO to strengthen its position in Europe An adviser to the Polish president says the US mistakenly perceives Syria as the root of all evil and called on the West to be prepared for Russian expansion. Krzysztof Szczerski told the Guardian: “Currently there is a geopolitical confrontation, so Putin's next blows are not guaranteed only in ... 19.02.2016  10:41

• Russia intends to reduce oil production The Russian Energy Ministry believes that oil production can be reduced by 14 percent in the next five years, and in the worst case, by 10 years. Crude oil output could fall to 460 million tons (9.2 million barrels per day) between 2020-2025 from 534 million tons last year. In the worst case, the... 19.02.2016  10:11

• Indonesia will revise the rules of the ban on the export of ores Indonesia will consider rules banning the export of partially processed metal ores, including copper and zinc, as they fell short amid low commodity prices, the country's mining minister said. Indonesia banned the export of metal ores in early 2014 to encourage firms to build factories that will... 18.02.2016  11:12