Metallurgy news

• IEA predicts a collapse of American oil production next year The International Energy Agency estimates that U.S. oil supplies will decline by nearly 400,000 barrels per day in 2016. Non-OPEC oil producing countries, including the US, will have to cut production significantly next year as continued low oil prices negatively affect the industry, giving Saudi... 12.09.2015  10:14

• Iron ore price is approaching $ 60 The price of iron ore has been boosted by recent gains as hopes for a resurgence in Chinese infrastructure spending and growth in commodity markets have sprung up, improving the outlook for the industry. The price of imported 62% Fe ore, including cargo insurance, at the Chinese port of Tianjin... 11.09.2015  12:28

• Oil pulls back after conflicting signals from the US HONG KONG - Oil prices traded in a tight range on Friday in Asia, with few accents for investors after conflicting signals that hit the US market overnight. US oil production fell 83,000 barrels per day last week to 9.1 million barrels per day, the lowest level since January. This is seen as a... 11.09.2015  11:11

• South Korea's steel imports continue to grow South Korea's steel imports jumped nearly 14 percent in August from a year earlier, responding to strong demand from the country's construction sector, the latest data showed. South Korea imported 1.99 million tonnes of steel last month, up 13.8 percent from a year earlier, according to the... 11.09.2015  09:43

• French company Fives signs a 10-year contract with Baotou Steel The deal includes the provision of technical support for the development and production of a wide range of high value-added automotive steels, including the latest advanced high-strength steels, throughout the entire manufacturing process. Fives will provide a high-end manufacturing process... 10.09.2015  10:39

• Is the USA preparing the overthrow of Prime Minister Yatsenyuk US neoconservatives criticize the line of US President Barack Obama and want to remove Prime Minister Yatsenyuk, as there have been allegations of corruption. The candidates for the prime minister's post are, closely related to the United States, former Georgian President Mikhail Saakashvili and... 10.09.2015  10:16

• Mechel informs about restructuring of debt to VTB Moscow, OAO Mechel, a Russian mining and metallurgical company, announces the signing of agreements on the restructuring of the debt to VTB Bank in the amount of 70 billion rubles. Borrowers under the credit lines are Mechel OJSC and the Group's subsidiaries such as Yakutugol OJSC, Yuzhny... 10.09.2015  08:58

• NLMK Group Increases Lighting Energy Efficiency by 100% NLMK Group, the largest steel company in Russia and one of the most efficient metallurgical companies in the world, has summed up the preliminary results of a large-scale project to modernize lighting at Russian plants and enterprises. The multi-year project was carried out in cooperation with the... 09.09.2015  11:45

• Mexico opens AD investigation on imports from India and CIS The Mexican Ministry of Economy has begun reviewing existing anti-dumping duties on steel plates supplied from Russia and Ukraine following a complaint from Mexican steelmaker Altos Hornos de Mexico (Ahmsa). Low import costs are seen as a key threat to Mexico's steel sector. Companies like Ahmsa... 09.09.2015  11:01

• Russian sanctions cost EU taxpayers an additional € 500 million Amid violent protests from thousands of farmers, EU countries agreed on a program of initial measures against falling prices for agricultural products. The ministers of agriculture of the EU countries approved in Brussels a package of measures of the European Commission, which provides, in... 09.09.2015  10:38