Metallurgy news

• Will Steel Prices Rebound? The World Steel Association says that global crude steel production in February was down 3.3 percent from a year ago. The largest producer, China, cut output by 4 percent. The European Union, like Russia, showed a sharp decline, but the output of some countries is off scale. Indian steelmakers... 26.03.2016  13:08

• Scotland stops producing electricity from coal The Longannet power plant, located north of the capital Edinburgh, has shut down the last of its four power units. It was the largest power plant in Europe when it started operating in 1970 and was capable of producing 2,400 megawatts of electricity for the national grid and powering over two... 26.03.2016  12:49

• Jindal Steel opens rebar plant in Oman Jindal Steel and Power Limited (JSPL) commissioned a 1.4 Mtpa rebar plant in Sohar, Oman. The plant is the largest in the Gulf and Africa region, and along with existing facilities, made JSPL the largest integrated steel company in Oman. The new capacities of the rebar plant will significantly... 26.03.2016  11:46

• Russia may return troops to Syria Russia does not rule out the resumption of operations in Syria "on a scale commensurate with the degree of threat" if the Islamic State and other terrorist organizations intensify hostilities and terrorist attacks against civilians, according to Valentina Matvienko, chairman of the Federation... 25.03.2016  12:22

• Iran plans to acquire refineries in various countries Iran is going to buy shares of existing or under construction oil refineries in a number of countries around the world. The National Iranian Refinery Company (NIORDC) is in talks to acquire shares in a refinery in Spain. At the same time, a specific industrial facility is not specified, and,... 25.03.2016  11:15

• Gold price falls even amid terrorist attacks in Brussels Gold prices fell to a four-week low and the dollar's strength slowed, despite a suitable buying zone following Tuesday's attacks in Brussels. Precious metals fell more than 2% in morning trading in London and 2.4% to $ 1,218.60 an ounce on the New York Mercantile Exchange. Gold is under... 25.03.2016  10:57

• Steel production drops again Global steel production in February was 120.412 million tonnes, reflecting a 3.3 percent decline on an annualized basis. Given the two months of the year, the decline was even greater and amounted to 5.2 percent. In the EU, the decline was more significant than the world average, reaching 6.3... 24.03.2016  10:22

• Turkey must fulfill 35 conditions to cancel visa regime with the EU The Association Agreement between Turkey and the EU was signed back in 1963. Ankara applied for EU membership in 1987, but accession negotiations did not begin until 2005. Full EU membership has continued to be a priority for Ankara for decades. Before the EU demanded that Turkey fulfill 72... 24.03.2016  09:21

• Liebherr will supply a crane for LUKOIL's operations in the Caspian Sea Liebherr, Germany, and Lukoil-Nizhnevolzhskneft have signed a new contract for the supply of a Liebherr RL 1500-30 EX Litronic crane, which is to begin work on the platform of the Korchagin oil and gas condensate field in the Russian part of the Caspian Sea by the end of 2016. The Liebherr RL... 23.03.2016  11:19

• EU once again pretends to help metallurgists The European Commission has released another document on the protection of the iron and steel industry in the EU. However, it does not provide a solution to the problems posed by the EU itself. Steel: Maintaining Stable Jobs and Growth in Europe highlights the importance of the steel industry to... 23.03.2016  11:00