Metallurgy news

• China has created a new steel giant The company was formed after the merger of Baosteel Group and Wuhan Iron and Steel Corporation, and was named Baowu Steel Group. Fixed assets are estimated at $ 106 billion. The group employs 228 thousand people who can ensure the production of about 60 million tons of steel. This means that in... 02.12.2016  09:24

• Moody: the outlook for the European metals industry remains challenging Moody said in its report that the European auto industry, construction and capital goods will be the three main consumers of the steel industry. But steel demand is expected to rise by 1% on booming steel imports, which will gain a significant share of the steel market. With regard to trade... 01.12.2016  10:26

• India will be the new engine of global demand for raw materials Steel and iron ore demand in India will not follow the same fast upward trend that has characterized the growth of industrial production in China. After the Chinese economy has settled down to GDP growth of around 4-6 percent a year, India is the next major economic driver for global commodity... 01.12.2016  10:00

• Tata Steel intends to halve the capacity of the UK metallurgical plant India's Tata Steel and German steelmaker Thyssen Krupp are reportedly considering cutting UK steel production at Port Talbot. The largest steel mill in the United Kingdom provides about 4,000 jobs. Tata Steel merged with Thyssen Krupp to deal with overcapacity in the European steel industry, but... 30.11.2016  10:47

• Shell plans to sell oil fields in Iraq The Anglo-Dutch oil group is considering the sale of its shares in oil fields in Iraq, as part of a global divestiture program. Shell would like, however, to keep Iraqi gas assets in its portfolio. The program involves a $ 54 billion merger with BG Group, which forces Shell to seek savings.... 30.11.2016  10:28

• The cost of iron ore can reach $ 90 per ton BHP Billiton and Fortescue Metals Group are encouraging that the price of iron ore is showing no signs of slowing down. The 62% iron ore finished last week at $ 79.61 a tonne, about 13% higher than last Monday's closing price. The profit is in line with Chinese steel prices, which hit a 30-month... 30.11.2016  10:10

• Gazprom gets almost full access to OPAL Gazprom agreed to the terms of the European Commission for the allocation of the OPAL pipeline capacity. According to the head of Gazprom Alexei Miller, the agreement under the new rules could start functioning in January, and the Russian giant will have access to 90 percent of the pipeline's... 29.11.2016  12:23

• MEPS: A new record for steel production will be set Despite the existing global surplus in steel production, MEPS International predicts continued growth in output in the coming years. In 2020, global steel production is expected to reach 1.685 billion tonnes, breaking the previous record recorded in 2014 when production reached 1.662 billion... 29.11.2016  10:49

• Rising nickel prices lead to higher prices for stainless scrap The global nickel market reported a production deficit of 52,600 tonnes during the three quarters of 2016, compared with a surplus of 74,800 tonnes in the same period last year. In addition, the nickel market will continue to be in short supply in 2017. The Philippine administration's ban on... 29.11.2016  09:35

• Taiwan announces anti-dumping duties for steel producers from 6 countries The Ministry of Finance (MoF) of Taiwan issued a final ruling recognizing steel exporters from six countries such as China, South Korea, Indonesia, India, Brazil and Ukraine as anti-dumping rule violators who sold their products at unreasonably low prices in the local market. The Treasury... 28.11.2016  11:17