Metallurgy news

• SSAB is going to strengthen its position in 2016 The Swedish high-quality steel company SSAB has set itself the goal of achieving leading profitability in the steel industry. However, operating profit for the full year of 2015 was negative and a loss of SEK 128 million ($ 15.2 million) compared to a SEK 894 million ($ 106 million) profit in 2014.... 15.02.2016  10:21

• In response to the Ukrainian blockade, Russia stops the transit of goods from Ukraine Russia reacted to the transport blockade of Ukraine against Russian carriers and refused a license for the transit of goods from Ukraine. The restrictions adopted in Russia will harm the Ukrainian economy, but it seems that "Ukrainian activists" are ready to further impoverish their country, just... 15.02.2016  09:35

• Indonesian Tin Exports Down 63 Percent In January Preliminary statistics released by Indonesia's Ministry of Commerce show a sharp drop in tin exports during January this year. Regulatory governing bodies that administer have influenced the supply of tin from the country. Indonesia exported 2,486 tons of tin in January this year, according to... 14.02.2016  15:12

• Putin and Obama discuss settlement in Syria A telephone conversation took place between Russian President Vladimir Putin and US President Barack Obama to discuss the settlement of the situation in Syria, according to the Kremlin press service. In the center of the exchange of views were the issues of the Syrian settlement. Both sides gave... 14.02.2016  13:47

• Global steel scrap market to reach 633 million tonnes by 2020 The latest report, published based on research from TechNavio, predicts that the global steel scrap market will reach over 633 million tonnes by 2020. In addition, the market will be dominated in Asia with volumes exceeding 258 million tonnes. The report titled "Global Steel Scrap Market... 13.02.2016  10:20

• Renault made a profit even amid losses AvtoVAZ Despite great difficulties in the Russian market, French carmaker Renault made its profit last year, which could increase significantly this year. Net income in 2015 rose 48 percent to 2.96 billion euros, the company announced. The company's revenues increased by about ten percent compared to 2014,... 13.02.2016  09:44

• Evraz announces the closure of its Portland steel pipe plant Evraz North America has decided to close its Portland steel pipe plant indefinitely. The company attributes the closure to regulatory issues and unfavorable market conditions. Evraz decided to shut down the plant on April 9, thereby leaving 230 employees unemployed. According to a statement from... 12.02.2016  14:39

• Russia, Iran and Azerbaijan create an energy corridor Russia, Iran and Azerbaijan are working on the creation of a joint North-South energy corridor. The lifting of sanctions on Iran should play an important role in the development of ties with this country. The creation of the North-South corridor is especially important for Azerbaijan. For this... 11.02.2016  10:31

• US steel exports fell 17.2 percent in 2015 Steel exports from the United States fell 17.2 percent in 2015 to a total annual volume of 9.97 million tonnes. The strong US dollar and the recession in Canada have contributed to a significant decline in US exports, according to the American International Steel Institute. More than half of US... 11.02.2016  10:18

• Aluminum troubles The continuous drop in global aluminum prices, which was 40 percent from $ 2,474 per tonne in November 2014 to $ 1,479 per tonne in January 2016, affected the profitability of the companies. Huge overcapacity products in China's aluminum sector are spilling over into the market, causing many... 10.02.2016  10:40