Metallurgy news

• Replacing steel in the automotive industry will not reduce the environmental burden - Eurofer According to Eurofer, the fuel economy benefits of cars made from lightweight materials will not compensate for the environmental damage caused by the production of the materials used, even after driving at least 200,000 km. In its final presentation, Eurofer says that the lighter the material, the... 06.10.2016  09:41

• Austrians rely on Gazprom According to the senior manager of the Austrian oil company OMV, Manfred Leitner, due to the decrease in gas production in the EU countries, the balance in the market can be ensured by importing raw materials from Russia. According to Leitner, the reduction in gas production in the EU will be up... 05.10.2016  11:09

• Reduced Nickel Supply Increases Stainless Steel Price - MEPS Stainless steel coil sales rose in September in the United States and Europe. This was largely due to the rise in nickel prices on the London Metal Exchange during the reporting period. European stainless steel makers were also aiming for benchmark price increases in September and, in most... 05.10.2016  10:52

• Indonesia to give miners extra time to build smelters Indonesia could give mining companies another three to five years to complete smelting projects before the export of minerals is banned, the mining minister said Tuesday, amid government discussions on amendments to the sector's rules. Miners who have not yet built metallurgical plants will be... 05.10.2016  10:12

• Production results of the plant Zaporozhlal for September 2016 In September 2016, Zaporizhstal produced 337.1 thousand tons of pig iron, 346.4 thousand tons of steel and 291.2 thousand tons of rolled products. Pig iron production decreased 2.1%, steel production decreased 2.4%, and rolled steel production decreased 1.6% compared to September 2015. From... 04.10.2016  11:17

• Exports of Russian gas to the European Union are growing In the first three quarters of 2016, Gazprom sold 10.7 billion cubic meters of gas to non-CIS countries more than in the corresponding period last year. Among the growth leaders in absolute terms: Great Britain - 4.65 billion cubic meters, Germany - 1.9 billion cubic meters, the Netherlands -... 04.10.2016  11:04

• Belarus and China may step up cooperation in the field of armaments President of Belarus Alexander Lukashenko begins his state visit to China on Wednesday. Its goal is to attract Chinese investment to Belarus and negotiate possible cooperation in the military industry. One of the main areas of cooperation with Beijing is the Belarusian-Chinese industrial park... 04.10.2016  10:51

• South Korea encourages metallurgical and petrochemical firms to cut production The South Korean government has said it will encourage local steel and petrochemical producers to reduce oversupply and upgrade their facilities to achieve high added value. In addition to downsizing, steel and petrochemical companies will focus on mergers and acquisitions for non-competitive... 03.10.2016  10:42

• Japanese Steel Exports Rise In August The Japanese Iron and Steel Association reported that Japan's steel exports totaled 3.509 million tonnes in August, an increase of 2.3% year over year. At the same time, Japan's raw steel exports reached 2.221 million tonnes, an increase of 7.4% year-on-year, and rose for the first time in three... 03.10.2016  10:16

• Russia in September produced a record amount of oil per day The Russian Energy Ministry announced on Saturday that a record 11.1 million barrels per day were pumped in September, the highest since the collapse of the Soviet Union and 4% above the previous output of 10.7 million barrels per day. Russia, as well as OPEC members, are grappling with a... 03.10.2016  09:48