Metallurgy news

• China to produce wheels for high-speed trains Next year, the Chinese company Masteel will start mass production of wheels for high-speed trains. Currently, all wheels for such trains are imported to China. Masteel is currently testing two types of wheels, for driving at speeds up to 250 km /h and up to 350 km /h. Both types have already... 15.06.2016  12:42

• Eiffel Tower closed due to strike French unions are forcing the government to abandon the labor reform previously introduced by the cabinet. The staff of the Eiffel Tower have now joined them. The reform involves expanding the rights of enterprises to dismiss personnel in the event of economic problems. At the same time, the... 14.06.2016  13:36

• Nickel market deficit is growing Nickel demand has grown by 3.4 percent since the beginning of 2016, while production recorded a slight decline of almost 1 percent. A moderate recovery in global stainless steel production will ease pressure on nickel prices. Growth in demand for long and sheet stainless steel products, stainless... 14.06.2016  13:24

• Baosteel cuts prices for major steel products China's largest steelmaker, Baoshan Iron & Steel (Baosteel), has slashed its prices for key steel products for July delivery, the company said in a statement. Hot rolled coil and cold rolled steel prices were cut by 200 yuan ($ 30.37) and 180 yuan per tonne, respectively, according to the... 14.06.2016  13:04

• Dneprospetsstal: production results in May 2016 In May 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 20,891 tons of steel, which is 13.1% higher than the level of the previous month. During the same period, the Company produced 12 397 tons of rolled metal, which is 1.4% less than in April 2... 13.06.2016  15:42

• Chinese miners are interested in buying a zloty mine in Kazakhstan Three Chinese firms Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. are competing for the Glencore gold mine in Kazakhstan, which the miner put up for sale earlier this year. Glencore wants to receive about $ 2 billion for its mines at the Vasilkovskoye field. The sale will... 13.06.2016  12:11

• Ukraine expects to buy Russian gas at lower prices Kiev expects the price of Russian gas to fall below $ 177 per thousand cubic meters in the third quarter. If this does not happen, then Ukraine will continue to buy gas from the West, like many other goods that can be bought at http://tv- shopp.com.ua/novinki with delivery from China, Turkey, USA... 13.06.2016  11:47

• Mitsubishi cuts costs in steelmaking equipment Mitsubishi Heavy Industries Ltd., a manufacturer of a wide range of products from submarines to nuclear reactors, is committed to cutting costs in the steelmaking equipment sector with Siemens AG, a German company. In January last year, the merger of Mitsubishi Heavy and Siemens divisions formed... 13.06.2016  11:24

• Gas consumption has increased in the EU In 2015, gas consumption in the European Union increased by 4.6 percent and amounted to 402.1 billion cubic meters. The EU accounted for 11.5 percent of global gas consumption last year. World gas consumption in 2015 reached 3.468 trillion cubic meters. According to the data, gas consumption... 10.06.2016  16:58

• Posco expands capacity at its Gwangyang steel plant Posco Gwangyang's steel mill in South Korea relaunched its blast furnace 5 after the upgrade. As a result, the furnace capacity increased from 3,950 cubic meters to 5,500 cubic meters, thus increasing the production capacity to 5 million tonnes per year. It is currently the 9th largest blast... 10.06.2016  16:49