Metallurgy news
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Russian TMK is considering investing in Saudi ArabiaTMK, the largest producer of steel pipes for the oil and gas industry in Russia, said at an energy conference in Moscow that the company could become one of the investors in Saudi Arabia. The head of TMK Dmitry Pumpyansky said that the company is preparing to become an investor in Saudi Arabia, and…
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Interpipe and BELAZ entered into a strategic agreement on the supply of railway wheelsThe Ukrainian industrial company INTERPIPE and the Belarusian manufacturer of transport equipment BELAZ-HOLDING entered into a strategic partnership agreement, which provides for the expansion of cooperation between companies in the supply of railway wheels in 2019-2020. Under the agreement, the…
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The Verkhovna Rada adopted as a whole a draft law on simplifying the conditions for licensing economic activitiesOn October 2, the Verkhovna Rada adopted a draft law to improve the licensing of economic activities in Ukraine. The purpose of the bill is to simplify licensing procedures for the deregulation of economic activity. This was reported on the website of the Ministry of Economic Development, Trade and…
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September market of new passenger cars grew by 6 percentIn September of this year, 7.2 thousand new passenger cars passed their first registration in Ukraine. Thus, in comparison with the September result of last year, the demand for new cars in the Ukrainian market has grown by 6%, according to Ukravtoprom. The most popular brand of the month was…
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Martina Merz is the new CEO of ThyssenkruppMartina Merz took over as CEO of Thyssenkrupp AG on 1 October. This was unanimously decided by the Supervisory Board of Thyssenkrupp AG at an extraordinary meeting last Friday. The current Chairman of the Supervisory Board will be delegated to the Group's Executive Board for a maximum of twelve…
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EU strengthens safeguards to curb steel imports growthAccording to the report, the European Commission to protect the steel market by adjusting the precautionary measures effective October 1. According to representatives of the European Association of Steel Producers (Eurofer), it was necessary to maintain the existing steel protection measures in…
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POSCO is exploring options for setting up a steel mill in IndiaSouth Korean steel giant POSCO has announced its intention to harness the enormous potential of India's burgeoning steel market by forming a joint venture with state-owned Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam, Andhra Pradesh. Representatives of the POSCO company held a meeting with…
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ArcelorMittal Considers Selling Some Iron Ore Mills To Reduce DebtArcelorMittal, the world's leading steel producer, was considering divesting part of its iron ore business to reduce its debt. ArcelorMittal has studied its iron ore assets in Canada, Brazil and Liberia, including the sale of some or all of its shares. The value of a business in Canada alone could…
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Ukrmetallurgprom told what to expect for metallurgists from the new tax policyThe new tax policy, which is actively promoted by the government of Honcharuk, could kill Ukrainian business. In particular, the mining and metallurgical complex will suffer. Oleksandr Kalenkov, President of Ukrmetallurgprom, said that changes related to the increased fiscal burden introduced to…
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Salzgitter Group selected as a supplier for the Baltic Pipe projectThe subsidiaries and associated companies of the Salzgitter Group will produce and supply about 30,000 tonnes of steel pipes and 90 steel pipe bends for the Baltic Pipes project. This is an important European gas infrastructure project that will transport Norwegian natural gas via Denmark to…
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