Metallurgy news

• US Steel idles two plant US Steel Corp., the second-largest US metal producer, said it plans to lay off 770 workers as it idles two factories that make products used in the oil industry. US Steel could cut as many as 450 jobs at its Lone Star Tubular Operation facilities in East Texas and 200 at Fairfield, Alabama, the... 23.03.2016  09:59

• Explosions at the airport and metro in Belgium Brussels airport confirmed that there were two explosions and that the airport was evacuated. People were also warned to stay away from the area. At this stage, the details and causes of the explosions are not clear. Belgian media reported that there are injuries and deaths. Television shows... 22.03.2016  10:24

• Change of power in Rio Tinto Sam Walsh, the current director of Rio Tinto for the past seven years, is retiring. He will be replaced by Jean-Sbastien Jacques, who is currently in charge of the copper and coal segment. Sam Walsh will retire on July 1, 2016. Jean du Plessis, chairman of the board, said that Walsh led the... 22.03.2016  10:06

• China announces massive reduction in zinc smelting capacity The latest report released by the Shanghai Metal Exchange suggests that the country could eliminate nearly 500,000 tons of zinc smelting capacity during this year. The move is seen as part of the government's efforts to cut production capacity and inventory. The Chinese government has announced a... 22.03.2016  09:47

• Zaporizhstal will allocate 1.5 million hryvnia for the development of children's sports As part of the social program in 2016, Zaporizhstal will allocate over UAH 1.5 million for the development of children's and youth sports in Zaporozhye. The sports complex of the plant is a convenient training base for 600 pupils of sports schools in Zaporozhye. Traditionally, the sports complex... 21.03.2016  11:16

• Elections in Kazakhstan preserve the old parliament Parliamentary elections were held in Kazakhstan last Sunday. The events in Ukraine seriously scared the Kazakhs, and, in the opinion of the majority, it is Nazarbayev and his team who can rule out the possibility of such events in Kazakhstan. According to the exit poll, the results did not bring... 21.03.2016  10:20

• Is the end of the US coal industry nearing? Price pressures and fierce competition from the gas industry have put the US coal industry on a collapse path. Peabody Energy, the largest coal mining operator in America, announces that the company will have to resort to bankruptcy. The company's shares lost after nearly half of their... 21.03.2016  10:02

• Cameron fears possible UK exit from EU David Cameron, British Prime Minister, allows his country to leave the EU if during the upcoming summer referendum supporters of EU membership are not very active, as he said in an interview with The Independent. The prime minister admitted: “What I am afraid of is the low turnout in the r... 20.03.2016  09:12

• Exports of Russian wheat undermine the strengthening of the ruble Russia is expected to become the largest wheat exporter this season, dominating the Egyptian market for much of the past eight months. Egypt imports more wheat than any other country and its tenders are seen as the backbone of international demand. But Russia is losing its competitiveness in the... 19.03.2016  13:08

• Korean steel makers began to raise prices Leading steelmakers in South Korea are considering plans to raise prices after years of falling and declining revenues. The country's largest steelmaker, POSCO, has already raised hot rolled steel prices by as much as 30,000 won, or nearly $ 26 per tonne, in January. Pohang is also... 19.03.2016  12:56