Metallurgy news

• Gazprom accelerates construction of two LNG terminals on the Baltic Sea Russian Prime Minister Dmitry Medvedev signed a decree to extend the port zone of the Kaliningrad region in order to build a marine LNG terminal there. The terminal has the capacity to regasify liquefied natural gas in the amount of 2.3 million tons. The project will be implemented by Gazprom. A... 31.05.2016  13:59

• Russia will allocate more than a trillion rubles for the development of the defense industry For the program for the development of Russian weapons in the state budget for the period 2016-2020, 1 trillion rubles will be allocated. 67 million rubles ($ 16.7 billion), as announced by Deputy Prime Minister Dmitry Rogozin. According to him, the program approved by Prime Minister Dmitry... 31.05.2016  13:45

• The scrap metal industry is overwhelmed by strict regulations A monthly report by the Bureau of International Recycling (BIR) notes that stricter regulations regarding the export of scrap metal in tighter market conditions around the world are negatively affecting the scrap metal industry during the last months of this year. The prevailing extremely... 30.05.2016  13:02

• CO2 emissions trading deadlocked European leaders have set a target to cut CO2 emissions by 40 percent by 2030. There is currently a debate on how the next phase of the European Emissions Trading System (EU ETS) will look like starting in 2020. The system includes a total of 31 European countries (28 EU member states plus... 30.05.2016  12:38

• Ukraine imposed a ban on Gorbachev's entry Ukraine has identified Mikhail Gorbachev as a threat to state security. Gorbachev reacted calmly: "He did not plan to go to Ukraine anyway." Former Soviet leader Mikhail Gorbachev, who was the first herald of democracy in the USSR, can no longer travel to Ukraine because he publicly supported... 30.05.2016  07:06

• USA imposes import duties on corrosion-resistant steels The US Department of Commerce has imposed additional import duties on corrosion-resistant steel from China and other countries in an effort to protect its industry from an oversupply of steel imports from around the world. The International Trade Department investigated the dumping of steel... 27.05.2016  10:27

• In 2015, MMK reduced energy costs During 2015, the Magnitogorsk Iron and Steel Works managed to reduce energy costs by RUB 1,177 million in the course of implementing energy conservation programs. Within the framework of the program to reduce energy costs, 188 measures were carried out with an annual effect of over 71 million... 27.05.2016  10:01

• Base Metals Price Forecast The first quarter of the year was reportedly marked by lower prices, mainly amid fears that the Chinese economy is slowing faster than expected. However, in the near future, the global economy will improve and base metals will experience growth. The growth of the world and national economy leads... 27.05.2016  09:25

• DRI production results in April 2016 Data released by the World Steel Association indicates that global production of direct reduced iron (DRI) in April this year increased slightly, almost 1 percent from the previous month. World DRI production during April 2016 was 4.329 million tonnes, up 0.98 percent from 4.287 million tonnes... 26.05.2016  10:38

• World leaders in steel production in April 2016 According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association totaled 134.906 million tonnes in April this year. Monthly output was down marginally 0.5 percent from April last year. These 66 countries... 26.05.2016  10:25