Metallurgy news

• Russia and Saudi Arabia ready to curb oil production A price war in the oil sector could force the most powerful opponents to abandon the fight for the global market. Russia and Saudi Arabia announced their readiness to curb the pace of funding. Prices for petroleum products rose significantly after the announcement of plans. Presumably, Saudi... 29.01.2016  11:24

• ArcelorMittal idling plant in Spain The world's leading steelmaker ArcelorMittal has decided to idle its Sestao steel plant in Spain indefinitely. The company cited falling steel prices as the main reason for its decision. The soaring imports of cheap steel products from China and rising electricity costs in the country were also... 28.01.2016  14:21

• South American steel production declined 2.5 percent in 2015 Crude steel production in the South American region declined slightly during 2015 to 43.906 million tonnes, down 2.5 percent from the 45.040 million tonnes produced in 2014. According to the latest figures released by the World Steel Association, South American steel production dropped... 28.01.2016  10:45

• India Increases Steel Yield Amid Global Metallurgy Recession India was the only major steel producer to record a positive trend in steel production and consumption last year. While global crude steel production declined 2.8 percent in 2015, for the first time since 2009, steel production in India rose 2.6 percent to 89.6 million tonnes during the year,... 27.01.2016  13:38

• U.S. steel production fell 10.5 percent in 2015 North American production fell 8.6 percent during 2015 to 110.733 million tonnes for the year, up from 121.159 million tonnes in 2014, according to the latest data released by the World Steel Association. At the same time, in the USA, the largest producer of the region, the reduction in steel... 27.01.2016  13:19

• Metallurgy is the main exporter of Ukraine Metallurgy continues to maintain its position as one of the main industries that determine the country's economic level, despite the fact that production volumes have significantly decreased over the past two years. So, in 2014, the drop in production in the metallurgy was 14.5 percent and 16.4... 27.01.2016  12:46

• World steel production fell 2.8 percent in 2015 According to the latest statistics released by the World Steel Association, global crude steel production was 1,622.8 million tonnes in 2015, down 2.8 percent from 1,670.2 million tonnes in 2014. The total crude steel production of the EU-28 countries during December last year was 11.463 million... 26.01.2016  11:12

• Russia wants to stabilize the situation with the issue of bonds The Russian state budget is suffering from declining revenues from the oil business. Strong ruble volatility is slowing the flow of international investors. Therefore, Russia plans to issue bonds on the international capital market. The Treasury is also trying to encourage domestic investors to... 26.01.2016  10:43

• Top steel producing countries in 2015 Global steel production stood at 126.724 Mt in December 2015, with monthly production declining 5.7 percent year on year. The latest statistics released by the World Steel Association show crude steel yields from 66 countries around the world reporting data. These 66 countries accounted for... 26.01.2016  10:12

• Russian metallurgists will dispute the introduction of export duties by Turkey The Turkish Ministry of Economy has set the level of dumping margin for Russian companies at 9.42 percent for NLMK, 12.43 percent for Severstal and 13.66 percent for Magnitogorsk Iron and Steel Works. The final decision of Turkey to impose a duty on Russian steel supplies is expected in February.... 25.01.2016  12:57