Metallurgy news

• Ferrexpo Ukraine announces a drop in production for the 1st quarter The Ukrainian company Ferrexpo announced that 2.524 million tonnes of pellets were produced in January-March this year, down 9.1% from the same period last year. This is due to the fact that in January-February of this year, the company worked on a maintenance schedule for fifty-five days, and... 11.04.2017  11:59

• Zaporizhstal completed the use of a Dutch crane for the reconstruction of a blast furnace The Zaporizhstal plant dismantles the crane of the Dutch company Mammoet, which was used in the SKD assembly of blast furnace No. 3. The mega-crane height reaches 143 m, lifting capacity - 1600 tons, weight - 2000 tons. The crane worked for 5 months on a large-scale reconstruction of the... 11.04.2017  11:45

• India approaches 2nd largest steel producer in the world India is set to become the world's largest steel producer after China, with record production during 2016-17 ending in March. During this period, export growth was the highest in the country's history. Steel output jumped 11 percent to 101.3 million tons and the country became a net exporter in... 11.04.2017  11:10

• The growth of the ruble casts a shadow on the rosy mood of Russian metallurgists The rise in the value of the ruble could lead to higher dollar-denominated spending for Russian metallurgists, which is eating up export earnings while the sector was looking to capitalize on the nascent economic recovery. The outlook for the sector revolves around the return of the Russian... 10.04.2017  11:16

• Russia to provide Belarus with $ 1 billion loan Belarus will receive a $ 1 billion loan from Russia, Deputy Prime Minister Vladimir Semashko said on Sunday evening on Belarusian state television. However, he did not give detailed information about the new agreements between Moscow and Minsk. On April 3, after a meeting in St. Petersburg with... 10.04.2017  10:51

• Oil prices rise after news from Russia Oil prices on the fuel exchange in New York rose 0.7 percent in response to information that discussions in Russia continue to maintain lower volumes of supplies in the second half of 2017, according to brokers. West Texas Intermediate crude oil shipments in May on the NYMEX Fuel Exchange in New... 10.04.2017  10:14

• Intertype introduced an online service for verifying the origin of pipes Ukrainian industrial company Intertype has introduced an online service for verifying the origin of its pipe products. This system will protect the company's products in the Middle East from counterfeiting. It is possible to check the authenticity of the company's pipe products using a standard... 08.04.2017  14:56

• China considers EU tariffs unreasonable and unfair China's Ministry of Commerce calls on the EU to withdraw its decision to impose anti-dumping duties on imports of hot rolled steel coils. The ministry announced its intention to take "necessary measures" to protect the interests of Chinese companies. China criticized the EC's actions as unfair and... 08.04.2017  14:45

• Coking coal is close to $ 300 per ton One of the biggest disruptions to Australia's coking coal exports in the past six years has caused record price increases. Coking coal prices closed the week 86% higher, rising only on Friday by 34% to $ 283.10 a tonne after damage from a cyclone that hit Australia's northeast coast in late... 08.04.2017  14:30

• Coal production in Ukraine fell in March Ukraine's coal production fell 12.6% year-on-year to 2.98 million tonnes in March 2017 from 3.41 million tonnes produced in March 2016, the Ministry of Energy and Coal Industry said, citing preliminary data. Coal output also decreased by 19.7% compared to February, when 3.71 tons of coal were... 07.04.2017  12:31