Metallurgy news
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Top ten steel producers in January-February 2017Based on data from the World Steel Association, a list of the top ten countries in the world in relation to total crude steel production during the first two months of this year, in thousands of tons, has been compiled: 1.China 128767 2.Japan 17343 3.India 16762 4.US 13337 5.South Korea 11155…
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LNG sales stagnate in EuropeLast year, LNG imports to the EU increased by only 0.1 percent compared to 2015. While Russian Gazprom in the same period increased gas exports to Europe by 12.4 percent. In 2016, the company's gas supplies to Europe reached more than 179.3 billion cubic meters. This situation is due to economic…
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List of the largest steel producers in the worldAccording to the latest statistics published by the World Steel Association, the global crude steel output of 66 countries, according to the Association, amounted to 126.579 million tons in February this year. The top ten includes the world countries with the largest total crude steel production…
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Thyssenkrupp exits metallurgical productionThe German industrial giant seeks to reorient its business and sells its last steel mill in the Americas. In addition, ThyssenKrupp AG will finally be able to sever relations with its European steel heritage. The multi-tiered manufacturing firm, which has its roots in the early 19th century, took a…
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China Steel Corp invests in a steel project in MalaysiaTaiwan's China Steel (CSC) has invested in Sakura Ferroalloys in Malaysia as part of the cooperation. Two years ago, CSC bought steel products from Sakura for fabrication. This resulted in the CSC being able to make procurement more sustainable. Since 2008, CSC, Sumitomo Corporation and Assmang…
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End of the strike on EscondidaCopper by the end of this week became cheaper by 2.3 percent, and last week trading ended with its growth by 3.5 percent. In Chile, 2,500 miners went on strike for more than 40 days at the world's largest copper mine, Escondida. The mine owner, Australian company BHP Billiton, wanted to impose new…
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Tata Steel and ThyssenKrupp continue to discuss mergerIndia's Tata Steel and Germany's ThyssenKrupp have entered the final stages of merger negotiations for their European business, and the final result is expected to be reached in May this year. However, none of the companies can guarantee that these negotiations will lead to a final decision. On…
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Indian Adani plans to invest in Australian coal projectIndia plans to invest in an Australian coal project at the end of June this year. This decision was delayed for several years due to environmental protests against the project. Adani Group is an Indian multinational conglomerate headquartered in Ahmedabad that is interested in this project. The…
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Copper price remains volatile amid strikes by the world's largest minesRecently, the three largest copper mines dealt a blow to the supply to the global market. The Escondid copper mine in South Africa and the Cerro Verde copper mine in Peru have announced their intentions to continue their efforts, and the Indonesian Grasberg copper mine has even stopped exports. The…
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China is again the culprit behind the growth in global steel productionAccording to the World Steel Association, 126.6 million tonnes of steel were produced in February, up 4.1 percent from a year earlier. Increased production in China offset the drop in steel output in the European Union and North America In February, the Chinese produced 61.187 million tons of…
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