Metallurgy news

• Ukraine discovered 40 billion cubic meters of gas on the Black Sea shelf At least 40 billion cubic meters of natural gas were discovered by the geological services of Ukraine on the shelf in the southwestern part of the Black Sea on an area of ​​7000 sq. m, as announced on Tuesday by the State Service of Geology in Kiev. These estimates are based on the results of the... 14.12.2016  10:38

• Chinese steel production grows fastest in two years China's steel mills increased their monthly output in November, the fastest growing in more than two years. Strong demand from infrastructure has spurred producers to increase production for the ninth straight month, even when coking coal prices are prohibitively high. Steel output in November... 14.12.2016  10:04

• Gazprom received a loan of 800 million euros from banks in Japan and the United States Russian Gazprom said it had signed an agreement with Japanese banks Mizuho and Sumitomo Mitsui Banking Corporation (SMBC) and American JP Morgan Chase Bank for a loan of 800 million euros for four years. The company said that the signing of the loan agreement took place on Monday in Moscow. The... 13.12.2016  10:10

• Will China sue the world? China was to obtain the status of a market economy after 15 years of WTO membership. However, the United States admitted that China did not meet the criteria. The European Union is of the same opinion. China promises a tough response. According to some lawyers, today the country may sue Brussels... 13.12.2016  09:46

• The golden age for copper is coming Copper on the London Metal Exchange is rising in price in response to forecasts by analysts at Goldman Sachs, who have increased their forecasts for metal prices. Goldman Sachs expects copper to rise above $ 6,200 per tonne in the next 6 months versus an early estimate of $ 4,800 per tonne. In... 13.12.2016  09:07

• ThyssenKrupp is the victim of a cyber attack Professional hackers attacked the industrial group ThyssenKrupp. According to the company: “This was a professional attack that may have come from Southeast Asia. According to our analysis, the attack procedure was mainly aimed at stealing technological know-how and research results in the field of ... 12.12.2016  10:29

• Europe continues anti-dumping investigation on Chinese steel imports The European government has launched an anti-dumping investigation against some corrosion-resistant steels from China to determine if these manufacturers were supplying products at unreasonably low prices to the European domestic market. The EU said it would also launch an anti-dumping... 12.12.2016  10:11

• Moody's announces negative outlook for the Asian steel sector for 2017 Moody's Investors Service predicts weaker earnings for steelmakers for 2017, mainly driven by declining production and margins. However, India stands out as the only strong country in the region. Steel demand in India is expected to rise in 2017. In addition, protectionist measures on the part... 12.12.2016  09:31

• How Historic OPEC Agreement Will Affect Oil Price OPEC's efforts are likely to balance the oil market by mid-2017, but production cuts fall short of the stated target of depleting oil reserves, which are weighing on prices. The oil market should rebalance "by the middle of next year," according to the Nigerian minister. However, calculations... 10.12.2016  13:00

• Thyssenkrupp to build China's largest steering plant ThyssenKrupp intends to invest at least 200 million euros in a plant for the production of electrical control systems in China. It will be a modern and highly automated plant with an area of ​​150 thousand. sq. m. The plant is expected to employ 800 people. And this is only the first phase of Thy... 10.12.2016  12:39