Metallurgy news

• China is building a mega-city The new project will require large quantities of steel, copper and other materials, and the city's area will be almost three times the size of New York. Beijing's Belt and Road Initiative to create the Eurasian Trade Route has already started, but the infrastructure development program is facing... 18.05.2017  14:41

• Commission examines issues of abuse of Gazprom's monopoly position The EU Commission announced in March that Gazprom has made commitments to ensure the free flow of gas at competitive prices to European countries. Poland, Ukraine and other countries affected by the gigantic monopoly practice were disappointed that Brussels decided not to impose fines. The deadline... 18.05.2017  13:13

• Copper is getting cheaper this is not the end of falling prices Copper on the London Metal Exchange fell by $ 5 per tonne, maintaining the downward trend in prices, however, this process can be much stronger. Metal on the LME with 3 months' delivery sells for $ 5606.00 per tonne. Risks to the copper price include a possible further slowdown in the Chinese... 18.05.2017  11:52

• Tata Steel removes obstacles to merger with ThyssenKrupp in Europe Tata Steel and the trustees of the British Steel pension plan have agreed on key terms for a regulated pro-rata mechanism. If an agreement is reached, the company will pay £ 550 million ($ 710 million) to British Steel's Pension Scheme and sponsor a new pension plan, the company said. Tata Steel ... 17.05.2017  10:55

• Exports of scrap metal in Russia fell year-on-year According to statistics, Russian scrap metal exports totaled 189,000 tons in February, down nearly 54.8% from the same period last year. January exports totaled 178,000 tons and is recognized as the smallest export since last year. At the same time, Russian exports to Belarus also fell over the... 17.05.2017  10:43

• Zaporizhstal confirmed its compliance with ISO 50001: 2011 In May, Zaporizhstal successfully passed the first supervisory audit of the Mill's Energy Management System for compliance with the requirements of the international standard ISO 50001: 2011. The audit was carried out by specialists of the company "Technical and Management Services", a corporate... 17.05.2017  10:22

• Investors fear new sanctions against Iran Iran has put “almost all” mining agreements with foreign investors on hold as European companies fear additional economic sanctions against the Gulf country, according to Iran’s Industry Ministry. Now less than $ 100 million is working to promote projects out of $ 50 billion of potential inves... 16.05.2017  09:56

• There is a risk of oversupply of coal in the global market Coal finishers have responded to higher prices by increasing production, thereby oversaturated the market. While demand for electricity in countries like Indonesia may absorb some additional volume, producers need to be careful, analysts said at the Asia Coal Conference. The global coal market... 16.05.2017  09:38

• China's steel production hits record in April China's steel production hit a new all-time high of 72.78 million tonnes during April, up 4.9% year on year, according to data released by the National Bureau of Statistics on Monday. The daily steel output in April averaged 2.43 million tonnes, up 4% from the average daily output in March, and... 16.05.2017  09:15

• Zaporizhstal has installed a Danieli Corus charging device on blast furnace No. 3 Zaporizhstal completed the installation of a trough-type bell-less charging device as part of the reconstruction of blast furnace No. 3. Danieli Corus's bell-less charging device (BCU) will increase the productivity of the blast furnace through optimal balance and control over the distribution of... 15.05.2017  10:30