Metallurgy news

• China increased steel production in April China produced 69.42 million tonnes of steel in April, up 0.5 percent on an annualized basis, the Bureau of Statistics said. Factories are looking to take advantage of higher profit margins. At the same time, the volume of production in April is slightly below the record 70.65 million tons of... 17.05.2016  09:14

• Mechel's steel and pig iron production increased in 2015 Russian Mechel announced that the company produced 1.01 million tonnes of steel in the fourth quarter of 2015, decreasing output by 1 percent from a month earlier. Pig iron production amounted to 1 million tons, which is 1 percent lower than the output of the previous month. In 2015, Mechel's... 17.05.2016  09:06

• EU launches new investigation into Chinese steel subsidies The European Commission has launched a new investigation into subsidies for some export steel products supplied by China to the European Union, highlighting the bloc's intensified efforts to protect its struggling steel industry from unfair trade practices. The commission's investigation is to... 16.05.2016  12:02

• Russia is actively involved in energy projects in Iran Russian companies are focused on solving the problems of Iran's energy sector, as the country is now open to international cooperation. Gazprom is planning a meeting in Iran soon to discuss, among other things, cooperation on Iranian gas projects, as well as R&D programs, a spokesman for the... 16.05.2016  11:45

• Iron ore is falling - what lies ahead Key supply and demand stimuli for iron ore appear to be weakening, seeking to balance amid fears of rising steel supplies. In addition, Chinese stock market regulators have announced major steps to discourage speculative trading in steel products. Steel and iron ore prices fell late last week,... 16.05.2016  09:29

• Gas export from Israel to Europe is possible in four years The export of Israeli gas to Europe through Turkey can be carried out no earlier than in four years, as stated by the Israeli consul in Turkey. According to him, Israel has a real potential to supply its natural gas to European consumers. The consul also clarified that for the supply of Israeli... 13.05.2016  10:17

• Severstal Distribution increased sales by almost one fifth In the first quarter of 2016, the Severstal Distribution group of companies increased sales to 350 thousand tons, compared to the same period last year by 18 percent. The distribution network from January to March 2016 sold 14 percent of the total volume of the Severstal Russian Steel... 13.05.2016  10:02

• 2016 stainless steel production projected at record high Although stainless steel production declined slightly last year, analysts at MEPS International predict a slight increase this year, leading to a record high of around 42 million tonnes. Last year, stainless steel production was 41.5 million tonnes, down 0.3 percent, according to the... 13.05.2016  09:18

• PJSC "ArcelorMittal Kryvyi Rih" has successfully passed the recertification audit in accordance with ISO 9001 In April 2016, during an ISO 9001: 2008 recertification audit conducted by SGS, an international certification body, PJSC ArcelorMittal Kryvyi Rih successfully renewed its quality certificate. During the audit, SGS auditors checked the compliance of the management system with the requirements of... 12.05.2016  17:30

• German Vice Chancellor and Gazprom CEO Discuss Nord Stream 2 At a working meeting in Berlin on Wednesday, German Vice Chancellor Sigmar Gabriel and Gazprom CEO Alexei Miller emphasized the importance of the Nord Stream 2 project. The Russian company indicated that last year was a record year in terms of gas supplies to Germany. They reached 45.3 billion... 12.05.2016  15:25