Metallurgy news

• EU voices against Nord Stream project are louder No new direct EU sanctions against Russia are currently foreseen. This became clear at the EU summit. Federal Foreign Minister Frank-Walter Steinmeier told ARD that new sanctions against Russia would be counterproductive. “What worked in Ukraine doesn't have to be the right decision in Syria. We n... 25.10.2016  11:16

• China in September significantly increased the output of refined copper Refined copper production in China jumped 7.2 percent in September from a year earlier, according to the National Bureau of Statistics. Refined copper output was 725,000 tons in September and 6,223,000 tons between January and September, an increase of 8.4 percent year on year. Aluminum... 24.10.2016  10:51

• Duties in the EU are several times lower than the American ones Eurofer reiterates his call for the removal of the minimum duty rule, which causes differences in the level of anti-dumping duties between the European Union and the United States. The association has prepared a list of tariff differences for some goods imported from China. For cold rolled flat... 24.10.2016  10:24

• World Bank provides Ukraine with guarantees on loans for gas purchase The World Bank Board of Directors has approved loan guarantees totaling $ 500 million for the oil company Naftogaz. The state-owned company will use the money to buy natural gas. This will strengthen the survival of the heating season, as Oleksandr Danilyuk, Minister of Finance of Ukraine,... 22.10.2016  09:29

• World steel production increased by 2% in September According to the latest statistics released by the World Steel Association, crude steel production in the 66 member countries was 132.909 million tonnes in September this year, an increase of 2.0% from 130.272 million tonnes in the same month a year earlier. Crude steel production in the... 22.10.2016  09:27

• BIR Releases Global Scrap Trade and Consumption Report The Bureau of International Recycling (BIR) has released its latest report on global scrap consumption and trade, detailing major market players. The BIR report also indicates an overall decline in the consumption of ferrous scrap in the first half of 2016. According to the report, the EU-28... 21.10.2016  09:37

• BHP Speaks First Signs of Commodity Markets Recovery BHP Billiton, the world's largest diversified mining company, is finally announcing signs of a market turn, with its most optimistic estimate in about five years. The recovery will be a boon for a global miner who has kept production, while his competitors have not been able to withstand the... 20.10.2016  16:30

• Brazil in September increases steel production and reduces exports Brazilian steel production rose year-on-year in September for the first time in 15 months. Production in September increased by 3.1 percent to 2.58 million tons of steel compared to the same month a year earlier. Although it decreased by 6.8 percent compared to August, as stated in a statement by... 20.10.2016  16:17

• Merkel and Putin are trying to find a new solution to Syria and Ukraine Following the meeting between Chancellor Merkel and Russian President Vladimir Putin in Berlin, on Thursday and Friday at the EU summit a decision will be made on sanctions against Russia. On the other hand, the EU wants to actively work on a political solution for Syria. Putin proposes a new... 20.10.2016  10:14

• Saudi Arabia expresses optimism about oil “The oil market is at the end of a significant downturn,” said the country's energy minister, Khalid Al-Falih. “I look forward to further improvement in market conditions,” he added. Referring to the prospects of the OPEC agreement on limiting the exit, he noted that non-OPEC countries are showin... 19.10.2016  13:53