Metallurgy news

• China continues tough policy to cut steel production Twenty-nine Chinese steel companies had their licenses revoked as Beijing continued its campaign to eliminate overcapacity in the sector. Notably, this happened just days after US President Donald Trump announced that he would open an investigation into cheap steel exports from China and other... 25.04.2017  12:12

• Rusal aluminum sales up 6.8% in the first quarter Russian aluminum giant Rusal said Monday that first-quarter aluminum sales were up 6.8 quarter-on-quarter to 985,000 tonnes. Hong Kong-based Rusal, the second largest aluminum producer in the world after Hongqiao in China, has remained stable in recent years after cutting capacity after falling... 25.04.2017  11:57

• World steel production in March and Q1 2017 In March 2017, the global steel production of 67 countries reporting to the World Steel Association (worldsteel) amounted to 145.0 million tons, which is 4.6% more compared to March 2016. Global steel production in the first three months of 2017 was 410.5 million tonnes, up 5.7% from the same... 25.04.2017  11:38

• Interpipe called information about violations in the operation of water treatment plants fake The fake claim was made by Viktor Pinchuk's company against the backdrop of the sudden and likely targeted dissemination of a questionable blog post 3 months ago on social media. Interpipe encourages users of social networks, who have intentionally or unwittingly become participants in the... 24.04.2017  16:07

• Trump's plan to modernize infrastructure has a positive effect on iron ore US President Donald Trump's plan to upgrade roads, ports and bridges will boost steel demand and support iron ore prices, Australian Treasury Secretary Matthias Kormann said. "Therefore, global steel demand, we believe, will continue to require significant exports of Australian iron ore." Iron... 24.04.2017  12:24

• Gazprom Neft wants to pay record dividends The Gazprom Neft Council announced that it plans to allocate 25.3 percent of the profit received last year for dividends. Profit of Gazprom Neft in accordance with international financial reporting standards amounted to 200.2 billion rubles. Of this amount, shareholders will receive 50.64 billion... 24.04.2017  12:01

• ArcelorMittal agreement in Poland: how much will metallurgists receive? An increase in wages in the total amount of PLN 125 per employee, PLN thousand of one-time bonuses and an additional PLN 300 or more, depending on the results of the company, are the most important terms of the agreement with the steel concern ArcelorMittal Poland. An agreement to be reached... 24.04.2017  11:17

• Copper rises in price in anticipation of strike in Indonesia Copper on the London Metal Exchange rose in price in response to information about a planned strike at the Grasberg copper mine in Indonesia. Metal on the LME for delivery in 3 months reached $ 5642.00 a tonne, after a 0.3 percent increase. Workers at Freeport-McMoRan Inc.'s Grasberg copper mine... 23.04.2017  11:00

• Avdiivka Coke Plant of Metinvest Group and the civil-military administration of Avdeevka signed a Social Partnership Agreement for 2017 Funding for social programs will amount to UAH 11.9 million. The Agreement was signed by Musa Magomedov, General Director of the Avdiivka Coke-Chemical Plant, and Pavel Malykhin, Head of the Civil-Military Administration. Over the six years of cooperation, Metinvest has invested UAH 53.1... 21.04.2017  17:23

• Trump signs steel import directive US law allows import restrictions for reasons of national security. Based on this, President Donald Trump on Thursday signed a directive requiring verification of the impact of steel imports on US national security and potentially associated risks. Trump signed the document at the White House in... 21.04.2017  09:33