Metallurgy news

• China reduced imports of scrap steel China's scrap steel imports fell more than 9 percent throughout 2015, further declining last December. Scrap steel imports to China during December last year fell sharply from the previous year. However, imports have increased compared to November 2015. The import of scrap metal into the country... 17.02.2016  11:12

• Iran and Russia find a win-win option to supply oil to Europe Iran and Russia are stepping up in new strategic cooperation in the oil market, said Merdad Emadi, a consultant to the British international consultancy Betamatrix, commenting on Russia's purchase of oil produced in Iran. LUKOIL recently purchased crude oil from Iran for delivery to its refinery... 17.02.2016  10:43

• MMK starts production of high-strength steels The Magnitogorsk Iron and Steel Works has mastered the production of high-strength and wear-resistant steels under the MAGSTRONG brand. In January of this year, the first batch of new high-strength steels, widely used by Russian consumers, was shipped. Shipment of steels to the branches of the... 17.02.2016  10:08

• Iron ore price has jumped Iron ore is up $ 45.60 a tonne this week, according to Steelindex. Steelmaking raw materials have gained 6.3 percent since the start in 2016, reaching their highest level since mid-November. Late last year, the price dropped to nearly a decade low of $ 37 per tonne, but is now firmly back in the... 16.02.2016  10:28

• Thyssenkrupp expands in response to new orders from the automotive sector ThyssenKrupp's Technology Components business has announced an expansion in a new headquarters in Germany to accommodate new orders from the automotive industry, the company said. The Elevator Steel and Automotive Group is planning to move its Bilstein headquartered unit in Ennepetal, North... 16.02.2016  09:56

• Oil rises in price amid expectations of negotiations between Russia and OPEC World oil prices on Tuesday continued positive dynamics amid investor optimism, in connection with reports that the ministers of several OPEC countries and Russia will meet later on Tuesday to negotiate on the state of the oil market in the capital of Qatar, Doha, which is confirmed by trading... 16.02.2016  09:28

• Toyota starts assembling cars again Toyota said on Monday that it has resumed operations at all transport assembly plants in Japan after a six-day downtime and intends to maintain its role as a global leader in vehicle manufacturing. The world's largest automaker said earlier this month that it is forced to temporarily halt all... 15.02.2016  11:52

• SSAB is going to strengthen its position in 2016 The Swedish high-quality steel company SSAB has set itself the goal of achieving leading profitability in the steel industry. However, operating profit for the full year of 2015 was negative and a loss of SEK 128 million ($ 15.2 million) compared to a SEK 894 million ($ 106 million) profit in 2014.... 15.02.2016  10:21

• In response to the Ukrainian blockade, Russia stops the transit of goods from Ukraine Russia reacted to the transport blockade of Ukraine against Russian carriers and refused a license for the transit of goods from Ukraine. The restrictions adopted in Russia will harm the Ukrainian economy, but it seems that "Ukrainian activists" are ready to further impoverish their country, just... 15.02.2016  09:35

• Indonesian Tin Exports Down 63 Percent In January Preliminary statistics released by Indonesia's Ministry of Commerce show a sharp drop in tin exports during January this year. Regulatory governing bodies that administer have influenced the supply of tin from the country. Indonesia exported 2,486 tons of tin in January this year, according to... 14.02.2016  15:12