Metallurgy news

• 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

• Trade investigations have minimal impact on Chinese exports A wave of trade and anti-dumping investigations aimed at curbing Chinese steel exports are unlikely to stop the flow, Morgan Stanley said in a report. China exported 9.7 million tonnes of steel in January, up from a monthly average of 9.4 million tonnes last year, despite the fact that 19... 18.02.2016  10:46

• Russia accused Ukraine in court in England over debt Russia continues to dispute with Ukraine over the repayment of $ 3 billion in debt in court. Russia intends to demand the return of the neighboring country's debt in court in London, said Russian Finance Minister Anton Siluanov. Ukraine has been repeatedly called for "constructive dialogue" on debt... 18.02.2016  10:06

• China reduced imports of scrap steel China's scrap steel imports fell more than 9 percent throughout 2015, further declining last December. Scrap steel imports to China during December last year fell sharply from the previous year. However, imports have increased compared to November 2015. The import of scrap metal into the country... 17.02.2016  11:12

• Iran and Russia find a win-win option to supply oil to Europe Iran and Russia are stepping up in new strategic cooperation in the oil market, said Merdad Emadi, a consultant to the British international consultancy Betamatrix, commenting on Russia's purchase of oil produced in Iran. LUKOIL recently purchased crude oil from Iran for delivery to its refinery... 17.02.2016  10:43

• MMK starts production of high-strength steels The Magnitogorsk Iron and Steel Works has mastered the production of high-strength and wear-resistant steels under the MAGSTRONG brand. In January of this year, the first batch of new high-strength steels, widely used by Russian consumers, was shipped. Shipment of steels to the branches of the... 17.02.2016  10:08

• Iron ore price has jumped Iron ore is up $ 45.60 a tonne this week, according to Steelindex. Steelmaking raw materials have gained 6.3 percent since the start in 2016, reaching their highest level since mid-November. Late last year, the price dropped to nearly a decade low of $ 37 per tonne, but is now firmly back in the... 16.02.2016  10:28

• Thyssenkrupp expands in response to new orders from the automotive sector ThyssenKrupp's Technology Components business has announced an expansion in a new headquarters in Germany to accommodate new orders from the automotive industry, the company said. The Elevator Steel and Automotive Group is planning to move its Bilstein headquartered unit in Ennepetal, North... 16.02.2016  09:56

• Oil rises in price amid expectations of negotiations between Russia and OPEC World oil prices on Tuesday continued positive dynamics amid investor optimism, in connection with reports that the ministers of several OPEC countries and Russia will meet later on Tuesday to negotiate on the state of the oil market in the capital of Qatar, Doha, which is confirmed by trading... 16.02.2016  09:28

• Toyota starts assembling cars again Toyota said on Monday that it has resumed operations at all transport assembly plants in Japan after a six-day downtime and intends to maintain its role as a global leader in vehicle manufacturing. The world's largest automaker said earlier this month that it is forced to temporarily halt all... 15.02.2016  11:52