Metallurgy news

• Chinese Hesteel Group may buy a metallurgical plant in Slovenia United States Steel Corporation, the current owner of the largest Slovak steel mill in Kosice, signed a memorandum of cooperation with the Chinese company Hesteel Group. According to Slovak media, this will lead to a change in the ownership of the steel production. The fact that US Steel wants... 30.01.2017  11:26

• Improving prospects for the iron and steel industry in Russia Major Russian metallurgists expect 2017 to be the best year for the industry as the national economy grows thanks to firmer oil prices and higher steel prices. Companies have suffered over the past two years, as global steel prices hit 11-year lows and the country's economic crisis eroded... 30.01.2017  11:00

• Largest steel producers in 2016 China continues to be the world's largest steel producer for a year, followed by Japan and India in second and third places. Global production totaled 1.604 billion tonnes throughout 2016, an increase of 0.7% over the previous year. The World Steel Association (Worldsteel) has released a list of... 30.01.2017  10:03

• China's nickel ore reserves continue to fall In seven major Chinese ports, nickel ore stocks dropped significantly during the week ending January 26, according to Shanghai Metals Market. Nickel ore stocks fell 150,000 tonnes in a week, according to SMM. Domestic nickel ore market trading in China has stalled with the 2017 New China Year... 29.01.2017  13:43

• Africa's exploration budget declines 24% in 2016 While Africa accounted for 13%, or $ 916 million, of the global exploration budget in 2016, research from Standard & Poor's found it was 24% lower than in 2015. Survey data found that of 34 mining countries in Africa, only the Democratic Republic of the Congo (DRC) set an exploration budget... 29.01.2017  13:32

• Russian gas is supplied to Europe at full speed In general, this year, record volumes of daily export deliveries of Russian gas have already been set six times. In addition, the record result has been revised up to sixteen times since mid-October. The main reason for the increase in exports is the growing demand for gas in Europe. Demand is... 29.01.2017  12:58

• Interpipe registers a trademark in Saudi Arabia to combat counterfeit products The global steel pipe manufacturer Interpipe has registered a trademark with the Saudi Arabian Ministry of Trade and Industry. The registration of the trademark in the United Arab Emirates (UAE) is a step that will strengthen the company's position in the fight against counterfeit steel... 28.01.2017  13:06

• Global gold production will continue to decline A new report from GFMS analysts noted that primary gold shipments continued to fall in the fourth quarter of last year. In addition, 2016 was the first calendar year of such a significant drop in mine output since 2008. Global gold mine shipments fell 22 tons, or 3% year on year, according to... 28.01.2017  11:26

• Energy and metals prices are expected to rise World Bank analysts believe that prices for industrial raw materials, including energy and metals, will rise strongly in 2017, driven by falling supplies and rising demand. In a published report on the outlook for commodity markets, the World Bank retained its previous forecast for oil prices in... 27.01.2017  10:40

• Trump allows controversial Keystone pipeline to resume Canadian operator TransCanada has unveiled a new application for the construction of the pending Keystone XL pipeline to pump oil in Texas. The project will create tens of thousands of jobs and economic growth in both countries, the company said on Thursday. US President Donald Trump secured the... 27.01.2017  10:18