Metallurgy news

• Energy and metals prices are expected to rise World Bank analysts believe that prices for industrial raw materials, including energy and metals, will rise strongly in 2017, driven by falling supplies and rising demand. In a published report on the outlook for commodity markets, the World Bank retained its previous forecast for oil prices in... 27.01.2017  10:40

• Trump allows controversial Keystone pipeline to resume Canadian operator TransCanada has unveiled a new application for the construction of the pending Keystone XL pipeline to pump oil in Texas. The project will create tens of thousands of jobs and economic growth in both countries, the company said on Thursday. US President Donald Trump secured the... 27.01.2017  10:18

• Zaporizhstal began assembling a blast furnace during a large-scale reconstruction In November last year, Zaporizhstal started the reconstruction of blast furnace No. 3. To implement the project, the plant created an intelligent model of a blast furnace, which made it possible to increase the efficiency of the reconstruction and reduce the time required for its implementation.... 27.01.2017  09:39

• Court upholds EU sanctions against Russian arms company The European Union Court of Justice in Luxembourg on Wednesday upheld EU sanctions against the manufacturer of Russian anti-aircraft weapons, Almaz-Antey. The group's assets in the EU will remain frozen. Almaz-Antey is on the list of Russian entities on which the EU imposed sanctions in 2014 in... 26.01.2017  11:16

• Guizhou to close 120 coal mines in 2017 Guizhou Province, one of the main coal suppliers in southwest China, plans to close 120 coal mines and cut coal capacity by 15 million tonnes in 2017, responding to the nation's challenge to tackle the sector's overproduction. “Although the coal industry contributes 15 percent of the province’s G... 26.01.2017  11:02

• Russian imports of stainless steel grew 27.8% in 2016 According to statistics from the Association of Russia Special Steels, Russia imported 32.076 tonnes of stainless steel products in December last year, up 1.8% from the previous month. Imports of stainless steel sheet in Russia fell 4% from the previous month. At the same time, imports of... 26.01.2017  10:41

• World steel production grew by 5.5% in December and by 0.8% in 2016 World crude steel production totaled 1,628.5 million tonnes in 2016, up 0.8% from 2015. Steel production declined in Europe, the Americas and Africa. Steel production increased in the CIS, the Middle East, Asia and Oceania. According to the latest statistics released by the World Steel... 26.01.2017  10:21

• South Korea increases imports of scrap steel The country's scrap metal imports rose year on year for the first time in four years. In 2016, imports amounted to about 5.8 million tons, which is 1.7% higher compared to the previous year. Scrap metal imports from Russia in December increased by 177% compared to the same month in 2015. Imports... 25.01.2017  10:54

• BHP iron ore yield breaks records The world's number one mining company, BHP Billiton, reported record half-year production from its Western Australia iron ore division. The block's iron ore production rose 4% year-on-year to 117.6 million tonnes in the six months to end December. Over the last quarter, production was 60 million... 25.01.2017  10:29

• China bets on gas Beijing wants to strengthen the role of gas in the country's energy balance. In the current five-year period (2016-2020), the share of gas in China's energy balance is expected to rise from 6.1 percent in 2016 to 10 percent at the end of the decade. How can Beijing achieve this? First, it is... 25.01.2017  09:48