Metallurgy news

• Steel prices in China are falling Chinese steel prices fell after senior officials said growth targets would be sacrificed due to pollution cuts and property taxes would be introduced after 2019. Since December 22, prices for steel billets and rebar have decreased by 6-7%. The factories reacted by cutting the level of export... 28.12.2017  14:58

• Which companies have received licenses to supply gas to Ukraine? The State Commission for Energy and Utilities has issued licenses for the supply of natural gas to Rinat Akhmetov's DTEK Naftogaz LLC and Khimvektor LLC, the ultimate beneficiary of which is Dmitry Firtash through Valanox Investments Limited, a Cyprus-based company. The National Commission made... 27.12.2017  11:07

• Chinese state-owned companies end year with double-digit growth In the first 11 months of 2017, Chinese state-owned enterprises increased profits by a quarter. The most profitable sectors are steel and metals, coal, oil and petroleum products. According to the Chinese Ministry of Finance, state-owned companies generated a total of 2.5 trillion yuan in... 27.12.2017  10:56

• The volume of production of steel in Japan in January-March may grow Japan has been gradually losing ground as the world's second largest steel producer recently, but Japan's crude steel production is projected to rise 0.6 percent in January-March to meet rising demand, the Ministry of Trade and Industry said. The Ministry of Economy, Trade and Industry (METI)... 27.12.2017  10:47

• TMK reaffirmed compliance with ISO 9001: 2015 One of the world's largest pipe producers in the oil and gas sector - Pipe Metallurgical Company (TMK) - has successfully passed the audit of the corporate quality management system (KSMK) to confirm compliance with the requirements of the international standard ISO 9001: 2015. More than 30 Russian... 26.12.2017  12:20

• China's economy could overtake America by 2032 According to the Center for Economic and Business Research (CEBR), China will become the leader in terms of GDP in dollar terms, overtaking the United States, by 2032. The four largest economies in the world will include India and Japan, which is associated with the constant growth of economic... 26.12.2017  11:49

• Zaporizhstal shipped 573,000 tons of rolled metal by river transport In 2017, Zaporizhstal shipped over 573 thousand tons of rolled metal by water. Thus, 17 percent of the total volume of metal products produced by the plant was sent by water to Bulgaria, Greece, Romania and Turkey. The use of water transport allows the plant to reduce logistics costs. The... 26.12.2017  11:32

• MENA region outperforms overall steel production Steel production in the MENA region has already exceeded total production last year, according to the latest statistics released by the World Steel Association. In January-November 2017, the output of MENA metal products amounted to 70.77 million tons against 68.23 million tons in 2016. On an... 25.12.2017  11:46

• Political goals and realities of Indian metallurgy Indian steel mills have raised production capacity to play a role in Modi's Make-in-India agenda as well as take over a larger share of the burgeoning market. But they are increasingly forced to export steel, expecting domestic demand to catch up. In fact, India is exporting more of its steel... 25.12.2017  11:36

• Nippon Steel's 2018 Global Steel Demand Forecast Nippon Steel & Sumitomo Metal Corp, the largest steelmaker in Japan, expects steel demand to remain strong globally in 2018, including in top consumer China, the company president said. “I am not worried about the economic slowdown in China after the fall Congress of the Communist Party,” said Ni... 25.12.2017  11:18