Metallurgy news

• Voestalpine remains committed to factories in Mexico Austrian iron and steel group Voestalpine lowered its economic performance in the first nine months of fiscal 2016/17, but CEO Wolfgang Eder said he is confident the company is able to catch up in the fourth quarter and achieve annual targets at the end of the fiscal year in March 2017.... 11.02.2017  13:58

• South Korea and India intend to cooperate more closely in metallurgy During the meeting in Seoul, the Indian delegation proposed to strengthen technology exchange between the Indian Steel Association (ISA) and South Korea (KISA). As a result, a memorandum of understanding and cooperation was signed in the field of trade and technology exchange in steel production,... 11.02.2017  13:26

• Ilyich Iron and Steel Works opened a training center for metallurgists Ilyich Iron and Steel Works of Mariupol, part of Metinvest, has completed the reconstruction of a training center for its employees. By the 120th anniversary of the enterprise, 14 classrooms, 4 auditoriums for managers, two conference rooms, a buffet and recreation areas were introduced. The... 10.02.2017  13:06

• Indonesia targets record coal production Indonesia's largest coal producer, Bumi Resources, is targeting between 93 million and 94 million tonnes of coal in 2017, its director, Dilip Srivastava, said. This level would be 9 percent higher than the 86.5 million tonnes produced in 2016. 60 percent of the company's 2017 projected sales... 10.02.2017  12:57

• Iron ore rises in value Iron ore rallies amid strong demand in China and a weak dollar against the yuan. The resumption of construction activity in China after a break for the Lunar New Year celebration is driving demand for steel and all raw materials, analysts say. Investors in the iron ore market await economic data... 10.02.2017  12:16

• Trade dispute between Russia and Belarus is getting worse The Belarusian government delegation is making a new attempt in the coming days to negotiate a compromise. Relations between Russia and Belarus are in crisis, again. Superficially, it is about meat, gas, oil, arbitrary border controls, etc., but if you look deeper, these are tests for... 09.02.2017  12:22

• Ukraine moves from heavy industry to light industry The head of the German-Ukrainian Chamber of Commerce notes the positive development of economic relations with Ukraine, focusing on the growth of exports from Austria and Germany to Ukraine. Alexander Markus, CEO of the German-Ukrainian Chamber of Commerce, speaks of positive developments last... 09.02.2017  11:58

• Why did the shale gas project in Poland fail? At the beginning of the decade, Poland was simply living on hopes for shale gas production. Based on a comparison of geological conditions, American experts have calculated that a trillion cubic meters of shale gas can be produced on the territory of this country, which will provide tens of times... 09.02.2017  11:14

• US steel imports kick off 2017 on a very high note Based on the latest data analysis, the American Iron and Steel Institute (AISI) reported an increase in applications for permits to import steel into the United States in January this year. Import permits rose 7.6% in tonnage to 2,927,000 tonnes of steel, up from 2,719,000 tonnes recorded last... 09.02.2017  10:52

• Global demand in the scrap metal market continues to fall Recently, international demand in the scrap metal market has been on a downward trend, driven by a decline in demand in the finished steel market. The world's largest consumers of scrap metal, Turkish factories, postpone the purchase of scrap under the influence of the holidays. Asian steel... 08.02.2017  11:49