Metallurgy news

• Philippines stops imports of 20,000 tons of Chinese steel The local steel association said it would not allow the import of substandard steel products from China to ensure public safety. The Philippine government is reported to have withdrawn permits to import 20,000 tons of steel from China because the poor quality of the steel does not meet the... 25.12.2016  17:51

• Brazilian crude steel production drops in November Brazil cut crude steel production nearly 5 percent year on year to 2.43 million metric tons for the month of November this year, up from 2.55 million tons a year earlier, according to the latest figures from Aco Brasil. In addition, crude steel production in November fell 10.7 percent from 2.72... 24.12.2016  11:32

• CISA: statistics of steel production in China According to statistics from the China Iron and Steel Association at the end of November, 97 key steel companies in China produced 17.196 million tons of crude steel, 16.629 million tons of pig iron, 16.9851 million tons of rolled products and 3.3444 million tons of coke. Crude steel production... 24.12.2016  11:05

• India may become a net exporter of steel India could become a net steel exporter in the current fiscal year, which ends in March 2017. The growth in exports over steel imports is taking place against the backdrop of improved world prices, a decline in retail sales, and demonetization in the country. In April-November, exports increased... 24.12.2016  10:36

• China increases oil imports from Russia and Saudi Arabia For 11 months of 2016, China increased its crude oil imports by 14 percent year on year to 344.63 million tons (2.577 billion barrels). The largest suppliers of raw materials to the Chinese market are Russia and Saudi Arabia. In November 2016, oil imports from Russia to China increased by 18... 23.12.2016  11:01

• Results of steel production in Russia in November and for 11 months of 2016 Russian metallurgists recorded a 5 percent increase in crude steel production in November to 5.975 million tonnes. While for 11 months, production amounted to 64.623 million tons, decreasing by 0.4% on an annualized level. During the period from January to November, the drop in steel output... 23.12.2016  10:44

• Wood Mackenzie predicts stabilization in the oil and gas market next year If the OPEC agreement is able to maintain the average oil price above $ 55 per barrel, then the oil and gas industry can have a positive cash flow in 2017, for the first time since the market crash in 2014 - Wood Mackenzie envisions. Most companies in this sector will start 2017 with stronger... 23.12.2016  10:11

• DRI production statistics Preliminary data released by the World Steel Association indicates that global production of direct reduced iron (DRI) in November this year remains more or less stable compared to the previous month. Global DRI production figures are based on figures compiled from 14 countries that accounted for... 22.12.2016  11:35

• Ukraine does not want to buy Russian gas Russia believes that Ukrainian gas reserves are too small to guarantee the transit of raw materials to the EU in the event of an increase in demand for it. And he wants to sell gas to Ukraine "at a good price," nevertheless, Kiev's reaction to the Russian proposals is negative. Why is this... 22.12.2016  11:12

• EU introduces duties on rebar from Belarus The European Union decided to introduce a preliminary anti-dumping duty of 12.5 percent on Belarusian-made reinforcing steel. The obligations are still preliminary and for the next six months the EU will conduct proceedings, and then decide whether to introduce duties for a long period. The... 22.12.2016  10:35