Metallurgy news

• Iron ore price drops to $ 70 Iron ore import prices fell after Australia's leading supplier raised concerns about the strength of demand from the country, which consumes more than two-thirds of the seaborne trade in iron ore. The Reserve Bank of Australia entered the discussion on iron ore price direction on Tuesday with... 21.09.2017  09:45

• 4,000 jobs to be cut in Europe as a result of the merger of Tata Steel and Thyssenkrupp Even as the two major players Tata Steel and Thyssenkrupp seek synergies, which are likely to emerge after they merge to form the second largest European steelmaker under the merger agreement, 4,000 jobs in Europe will be cut. According to the Memorandum signed by the companies, the new... 21.09.2017  09:05

• Naftogaz sues Russia The state oil company Naftogaz of Ukraine has filed a lawsuit against the Russian Federation to compensate for the assets left over to Crimea, the company said in a statement. At the same time, the press service of Naftogaz reported that independent foreign members of the supervisory board of the... 20.09.2017  12:58

• China's steel and iron ore market is positive China's steel and iron ore futures have stabilized after a three-day decline, supported by expectations that steel prices will remain strong amid the country's planned production cuts during the winter to combat smog. Large industrial zones in China, including the leading industry in Hebei, were... 20.09.2017  12:46

• MEPs emphasize the need to provide Avdiivka coke oven with water The Avdiivka Coke Plant (AKHZ) of Metinvest Group was visited by deputies of the European Parliament and the Verkhovna Rada of Ukraine - members of the Parliamentary Committee of the Association between Ukraine and the EU. The delegation positively assessed the work of the enterprise in accordance... 20.09.2017  12:44

• Interpipe TechFest 2017 gathered 15 thousand visitors in Dnipro The festival of science, technology and modern technologies Interpipe TechFest 2017, the main technical and popular science event of the fall, has ended in Dnipro. Space and robotics, industrial enterprises and technical education, the largest spinner and the longest railway from LEGO, a battle of... 19.09.2017  16:47

• China aims to use coal efficiently The Chinese expert highlighted the need to clean up coal as traditional fuels will continue to dominate China's energy mix. Despite efforts to reduce the share of energy consumption, coal will continue to be widely used, Academician Xie Kechang said Saturday during an energy forum. Coal... 19.09.2017  09:59

• India to reach 170 million tonnes of steel in 2019 India will reach more than 50 percent of its 300 million tonne steel target by 2018, Seoul Metallurgy Minister Chaudhary Birander Singh said. He also assured stakeholders that there would be no shortage of raw materials for steel production. “In the 2018-19 financial year, the volume of steel p... 19.09.2017  09:47

• The Ministry of Economic Development of Ukraine realized that the terms of free trade with the EU should be revised The Ministry of Economic Development and Trade (MEDT) of Ukraine is initiating the modification of the terms of free trade with the European Union, said Natalia Mikolskaya, Deputy Minister of Economic Development and Trade - Trade Representative of Ukraine. The main task of the MEDT is to open... 18.09.2017  12:34

• Iron ore at risk of further losses Iron ore faces renewed pressure and risks going back to the 60s again as China's economy shows signs of cooling and global production increases, while planned cuts in steel capacity for the world's largest consumer this winter could be even greater. reduce demand. Qingdao's 62 percent iron ore... 18.09.2017  10:43