Metallurgy news

• US steel industry suffers from cheap cold rolled steel imports Imports from countries such as Brazil, China, India, Japan, South Korea, Russia and the UK totaled $ 1.2 billion in 2014, damaging US steelmakers, the country's International Trade Commission said. Imported steel is used in many industries including automotive and construction. The US... 13.09.2015  14:20

• Nord Stream gas pipeline to deprive Kiev of $ 2 billion in revenue Arseniy Yatsenyuk, Ukraine's prime minister, said that the construction of the second string of the Nord Stream gas pipeline would deprive Kiev of the ability to transport gas to the European Union and could lead to a loss of $ 2 billion in revenue. In June, Gazprom announced plans to build two... 13.09.2015  12:33

• Significant progress has been made in the Ukrainian conflict for the first time After the meeting in the format of the Normandy Four, German Foreign Minister Frank-Walter Steinmeier was optimistic that appropriate agreements between the warring parties could be signed in the coming weeks. In his statement, Steinmeier noted the following: We have already met seven times... 13.09.2015  11:45

• IEA predicts a collapse of American oil production next year The International Energy Agency estimates that U.S. oil supplies will decline by nearly 400,000 barrels per day in 2016. Non-OPEC oil producing countries, including the US, will have to cut production significantly next year as continued low oil prices negatively affect the industry, giving Saudi... 12.09.2015  10:14

• Iron ore price is approaching $ 60 The price of iron ore has been boosted by recent gains as hopes for a resurgence in Chinese infrastructure spending and growth in commodity markets have sprung up, improving the outlook for the industry. The price of imported 62% Fe ore, including cargo insurance, at the Chinese port of Tianjin... 11.09.2015  12:28

• Oil pulls back after conflicting signals from the US HONG KONG - Oil prices traded in a tight range on Friday in Asia, with few accents for investors after conflicting signals that hit the US market overnight. US oil production fell 83,000 barrels per day last week to 9.1 million barrels per day, the lowest level since January. This is seen as a... 11.09.2015  11:11

• South Korea's steel imports continue to grow South Korea's steel imports jumped nearly 14 percent in August from a year earlier, responding to strong demand from the country's construction sector, the latest data showed. South Korea imported 1.99 million tonnes of steel last month, up 13.8 percent from a year earlier, according to the... 11.09.2015  09:43

• French company Fives signs a 10-year contract with Baotou Steel The deal includes the provision of technical support for the development and production of a wide range of high value-added automotive steels, including the latest advanced high-strength steels, throughout the entire manufacturing process. Fives will provide a high-end manufacturing process... 10.09.2015  10:39

• Is the USA preparing the overthrow of Prime Minister Yatsenyuk US neoconservatives criticize the line of US President Barack Obama and want to remove Prime Minister Yatsenyuk, as there have been allegations of corruption. The candidates for the prime minister's post are, closely related to the United States, former Georgian President Mikhail Saakashvili and... 10.09.2015  10:16

• Mechel informs about restructuring of debt to VTB Moscow, OAO Mechel, a Russian mining and metallurgical company, announces the signing of agreements on the restructuring of the debt to VTB Bank in the amount of 70 billion rubles. Borrowers under the credit lines are Mechel OJSC and the Group's subsidiaries such as Yakutugol OJSC, Yuzhny... 10.09.2015  08:58