Metallurgy news

• 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

• Scrap steel wins prestigious LME award Scrap steel contracts on the London Metal Exchange won the prestigious industry award one year after their launch. Scrap Steel won the Futures and Options World (FOW) nomination as the most innovative new contract in the commodity and energy industries, reflecting a successful year with over... 09.12.2016  10:54

• India raises customs duties on stainless steel In response to demands from Indian stainless steel producers, the Ministry of Steel has proposed an increase in the core product customs duty from 7.5% currently to at least 10%. The move aims to protect domestic firms from rising imports from China, Japan and South Korea at "extortionate... 09.12.2016  10:37