Metallurgy news

• Zimbabwe accepts the yuan as its international currency China's currency has certainly been in the spotlight last year, but the milestone was an event in late 2015 that garnered a lot of attention. On December 22, 2015, Zimbabwe became the first country to accept the Chinese yuan as its main international currency. Zimbabwe's Finance Ministry announced... 12.01.2016  15:19

• Strike halts operations at BHP's Chilean copper mine Workers at BHP Billiton at the Cerro Colorado copper mine in northern Chile have gone on indefinite strike as negotiations to raise wages ended without reaching an agreement. Union leaders warned on Friday that workers will go on strike if the company does not provide a better wage offer. The... 12.01.2016  12:27

• Luhansk authorities appointed Sverdlovsk machine plant administrators from among the employees At OOO Sverdlovsk Machine-Building Plant (SMZ), a new directorate was presented - a temporary administration appointed by the authorities of Lugansk to resume the work of the enterprise. This was reported in the Lugansk Information Center (LITS). According to the message, all members of the... 12.01.2016  11:44

• Impact of oil on the world economy The fall in oil prices has several consequences. This leads to job losses in the oil industry, and oil-related companies are forced to cut costs - or go out of business. More than three dozen large companies in the world have already filed for bankruptcy. Oil also plays a large role in... 11.01.2016  12:48

• Alcoa announces the closure of its Indiana aluminum plant One of the largest aluminum producers, Alcoa, has decided to permanently shut down operations at its Evansville, Indiana smelter. The Warrick plant, with a smelting capacity of 269,000 tonnes, will be closed by the end of March this year, the company said. However, the rolling mill and power plant... 11.01.2016  12:11

• CTA report on recycling e-waste The Consumer Technology Association (CTA), formerly the Electronics Consumer Association (CEA), is a trade association of 2,200 companies. In a new report released by the Association, the growth of the consumer technology sector is bringing to the forefront initiatives for product recycling and... 11.01.2016  11:50

• China is not the only problem for the global economy At least for now, there are five major factors interacting: a slowdown in the Chinese economy, falling oil prices, terrorism stemming from the turmoil in the Middle East, a strong US dollar, and an increase in domestic interest rates. Yet the slowdown in the Chinese economy is the worst news for... 10.01.2016  18:02

• Russia has increased the export of pig iron Russian exports of pig iron throughout 2015, according to preliminary estimates, amounted to about 5 million tons, which is higher than the 4.35 million tons of pig iron exported in 2014. According to the latest government statistics, published on the basis of updated results, the export of pig... 10.01.2016  16:04

• Rolled steel imports occupy 28% of the US steel market - AISI Based on the latest analysis of the Department of Commerce data on steel imports, the American Iron and Steel Institute (AISI) reported that permits for imports of steel products for December were 2,551 thousand tons, down 5 percent from the 2681 thousand tons of permits registered in December.... 08.01.2016  17:01

• Zaporizhstal increased production of rolled products by 20 percent in December In December 2015, PJSC Zaporizhstal registered an increase in pig iron production by 12.2%, steel - by 9.9%, rolled products - by 19.7% compared to the same period in 2014. In December 2015, 353.5 thousand tons of pig iron, 353.3 thousand tons of steel, 304.3 thousand tons of rolled products... 04.01.2016  09:47