Metallurgy news

• China confirms plan to cut steel and coal production China will use every means to cut steel and coal capacity this year, despite domestic producers' reluctance to cut output amid rising prices. “As government leaders emphasize, we must fulfill the plan to reduce excess steel and coal capacity this year,” said Zhao Chenxing, a spokesman for the Nat... 15.07.2016  10:51

• Kerry met with Putin and Lavrov US Secretary of State John Kerry arrived in the Kremlin to meet with Russian President Vladimir Putin and Russian Foreign Minister Sergei Lavrov. This is Kerry's second visit to Russia since the beginning of the year and the fourth since May last year. During the talks, they discussed the... 14.07.2016  22:28

• EU must confront China's market economy status - Eurofer In connection with the Beijing summit of the European Union - China, the Eurofer association made an appeal not to grant the status of a market economy to China. The Association of Metallurgists of Europe once again warns against premature granting of the status of a market economy to China.... 14.07.2016  12:32

• A conference of refractories and metallurgists - enterprises of the Metinvest Group was held at PJSC "Zaporozhgneupor" Within the framework of the conference, new technologies were presented, developed by PJSC "Zaporozhogneupor" and aimed at improving the quality of products The conference was attended by about 50 representatives of Metinvest Group enterprises: PJSC Azovstal, MMKI, Yenakievsky Iron and Steel... 14.07.2016  09:51

• Dneprospetsstal increases steel production volumes In June 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21,181 tons of steel, which is 1.4% higher than the level of the previous month. During the same period, the Company produced 12,967 tons of rolled metal, which is 4.6% more than in May 2016. The t... 13.07.2016  11:46

• Ukraine imposed retaliatory sanctions on Russian goods The Ukrainian authorities have approved measures restricting the freedom of transportation of transit goods from Russia. The decision, announced by the Prime Minister of Ukraine Volodymyr Groisman, also provides for the extension of counter-sanctions against goods produced in the territory of the... 13.07.2016  11:39

• Another change in Tata Steel's plans for UK factories Tata Steel is trying to find partners for its facilities in Europe. Part of the UK branch has already been sold, now it's time for the rest. Tata Steel is also looking for opportunities to enter into partnerships with other steel producers. Currently, there is information about the beginning of... 13.07.2016  11:21

• Russia invests billions in the defense industry Russia plans to invest $ 15.6 billion in expanding the domestic defense industry to ensure the production of military products using new technologies. This year, the government approved a new version of the program for the development of the defense sector and industry. The program is designed... 13.07.2016  11:04

• Kuwait gives forecast of oil prices in the IV quarter Since the summer of 2014 and at the end of 2015, the oil price has more than tripled, reaching $ 36 from $ 115 per barrel of Brent. In early 2016, it dropped below $ 30. This decline is attributed to high levels of global production and slowing demand, including due to a slowdown in economic growth... 12.07.2016  18:30

• Global Nickel Demand Forecast 2016 - 2017 Global nickel consumption is expected to experience minimal growth in 2016 and 2017 as a result of weak economic growth and a lack of tangible growth in steel production. Nickel demand will rise just 1 percent from 2015 levels to 1.91 million tonnes in 2016, while the forecast for 2017 suggests a... 12.07.2016  12:27