Metallurgy news

• Non-ferrous metals keep traders on their toes Non-ferrous metals are trading negatively on the London Stock Exchange, and the Greek debt crisis has become a bone of contention for global markets. Investors around the world have been hooked on the Athens drama that could ultimately mean Greece's exit from the euro area. Unfortunately Greece... 12.07.2015  16:00

• Oil market in June and trends in 2015 The independent agency EIA predicts that Brent crude oil prices will average $ 60 a barrel in 2015 and $ 67 a barrel in 2016. The EIA is part of the US federal statistics system. The forecast states that OPEC oil production will continue to rise, contributing to a prolonged global market glut. Oil... 11.07.2015  14:15

• Odessa port increased cargo turnover in the first half of 2015 In the period from January to June of this year, the Odessa port handled 12, 374 million tons of cargo, which is 3.5 percent higher compared to 11, 950 million tons in the first half of 2014. Metal transshipment for the port is one of the main areas of work, it is carried out at 18 berths of the... 11.07.2015  13:00

• Severstal modernizes cold rolling mill at CherMK PAO Severstal, an integrated mining and steel company, continues to re-equip its cold-rolled products at the Cherepovets Steel Works (CherMK). To this end, Severstal entered into a contract with the German company Maschinenfabrik Herkules GmbH for the supply of a work roll surface texturing machine... 10.07.2015  16:46

• Chinese metallurgists lost $ 2.7 billion in January-May - CISA A senior official from the China Iron and Steel Association (CISA) said that major Chinese steelmaker losses in core businesses more than doubled in the first five months from a year earlier, as falling steel prices displaced producers “in red zone ". Among the CISA participants representing 101 ... 10.07.2015  13:44

• India displaces US from third position in steel production India overtook the United States to become the world's third largest steel producer. Mining and Steel Minister Narendra Singh Tomar said: “Last year, India was recognized as only the fourth largest steel producer in the world after China, Japan and the United States. However, during the first five m... 10.07.2015  12:24

• ThyssenKrupp continues to partner with Ansteel for galvanized products ThyssenKrupp and Ansteel decided to build a new hot-dip galvanizing line in China. Ansteel and ThyssenKrupp have formed a joint venture to build a new production line to develop high-end automotive steels. The joint venture will manufacture galvanized products in Chongqing. The two companies have... 09.07.2015  14:27

• EU and NATO will not allow Greece to flirt with Moscow for long The Greek crisis, which is deeply worrying in Europe, could potentially benefit Russia. There is now a growing squadron in Greece willing to ditch the euro and pave the way for a broader strategic alliance with Russia. Putin called the Greek prime minister after the referendum to express his... 09.07.2015  13:21

• Will duty-free access to the US market help Ukrainian metallurgists? Washington is resuming the GSP, a Generalized System of Preferences that was developed back in the 70s for the poorest economies so that they could export their products to the United States without paying duties. However, in 2013, this program was suspended, and now began to operate from July 29,... 09.07.2015  12:29

• China's domestic steel prices hit their lowest level in 20 years According to industry sources, China's steel prices are at their lowest in more than 20 years. The composite price index for eight steel products compiled by the China Iron and Steel Industry Association (CISA) fell 65.28 points last Friday. The index is based on 1994 base prices, which means... 08.07.2015  13:07