Metallurgy news

• Turkey's steel production grows 12 percent in January-April 2017 Turkish crude steel production increased 12 percent in the first four months of 2017 to 11.8 million tonnes on an annualized basis. In January-April 2017, billet production totaled 8.02 million tonnes, up 6.4 percent year on year. Steel plate output in the period rose 26.2 percent YoY to 3.8... 21.05.2017  11:50

• Belarus exported $ 1 billion worth of weapons in 2016 Last year, Belarus exported $ 1 billion worth of military equipment, the State Defense Industry Committee said. Within five years, the cost of military equipment sold abroad by Minsk has doubled. Such a large-scale export of military products has become possible thanks to constantly expanding... 20.05.2017  13:11

• China recovers flammable ice from the bottom of the South Sea for the first time After nearly two decades of exploration and exploration, China has successfully mined the so-called "flammable ice". The country's authorities qualified the result as a major breakthrough that could lead to a global energy revolution. This type of natural gas hydrate was discovered in the South... 19.05.2017  12:39

• Freeport: copper demand remains strong According to the CEO of Freeport-McMoRan Inc. (FMCG), copper demand remains strong in China, and improvements have been seen in Europe and North America. Since mid-April this year, Freeport's Indonesian division has experienced high absenteeism, which has negatively impacted the mine's... 19.05.2017  12:08

• Vale closes nickel mine in Canada One of the world's largest mining companies, Vale, plans to close its Birchtree nickel mine in Manitoba province by October 1, due to low nickel prices and low grade. The company also indicated that the 51-year-old Birchtree nickel mine is approaching depletion as a reason. Vale said in a... 19.05.2017  12:00

• China is building a mega-city The new project will require large quantities of steel, copper and other materials, and the city's area will be almost three times the size of New York. Beijing's Belt and Road Initiative to create the Eurasian Trade Route has already started, but the infrastructure development program is facing... 18.05.2017  14:41

• Commission examines issues of abuse of Gazprom's monopoly position The EU Commission announced in March that Gazprom has made commitments to ensure the free flow of gas at competitive prices to European countries. Poland, Ukraine and other countries affected by the gigantic monopoly practice were disappointed that Brussels decided not to impose fines. The deadline... 18.05.2017  13:13

• Copper is getting cheaper this is not the end of falling prices Copper on the London Metal Exchange fell by $ 5 per tonne, maintaining the downward trend in prices, however, this process can be much stronger. Metal on the LME with 3 months' delivery sells for $ 5606.00 per tonne. Risks to the copper price include a possible further slowdown in the Chinese... 18.05.2017  11:52

• Tata Steel removes obstacles to merger with ThyssenKrupp in Europe Tata Steel and the trustees of the British Steel pension plan have agreed on key terms for a regulated pro-rata mechanism. If an agreement is reached, the company will pay £ 550 million ($ 710 million) to British Steel's Pension Scheme and sponsor a new pension plan, the company said. Tata Steel ... 17.05.2017  10:55

• Exports of scrap metal in Russia fell year-on-year According to statistics, Russian scrap metal exports totaled 189,000 tons in February, down nearly 54.8% from the same period last year. January exports totaled 178,000 tons and is recognized as the smallest export since last year. At the same time, Russian exports to Belarus also fell over the... 17.05.2017  10:43