Metallurgy news

• Baosteel's New Furnace Reaches Installed Capacity China has pledged to phase out its metallurgical capacity, but Chinese companies are still launching new furnaces. One of them is at the Zhanjiang factory of the Baosteel company. The construction of the plant began in 2011, after the approval of Baosteel and the city authorities - Zhanjiang... 02.10.2016  14:57

• German coal-fired power plants may close ahead of schedule Germany is ready to accelerate the closure of coal-fired power plants, as their profitability decreases, although they have not exhausted their resources. A quarter of coal-generating capacity in Europe's largest economy could close ahead of schedule if operators forgo modernization costs to... 02.10.2016  14:46

• US Stainless Steelmakers Demand Reinstate AD Duties For Indian Competitors US stainless steelmakers have demanded that two Indian stainless steelmakers, previously removed from their existing anti-dumping duty list, be reinstated with immediate effect as they resume their dumping into the US market. Carpenter Technology Corporation, a group of seven American stainless... 01.10.2016  11:38

• Lukoil has developed a plan to invest in Iran's oil and gas industry Lukoil is going to start implementing investment activities in Iran next year in order to get real products in at least 2-3 years. Lukoil plans to sign an agreement in the fall of 2017 on the Iranian fields Ab-Timur and El Mansuria. In addition, Iran is discussing with Lukoil the company's... 01.10.2016  11:23

• Global steel demand expected to recover According to the Organization for Economic Cooperation and Development (OECD), market conditions in the steel industry have improved slightly since the beginning of this year. Between 2015 and 2017, a gradual recovery in overall global steel demand is expected. At the same time, there is an... 01.10.2016  10:59

• Rusal predicts the dynamics of prices for aluminum During the Russian investment summit, Rusal stated that the price of aluminum will be stable next year, namely between $ 1,600 and $ 1,700 per tonne. The forecast is based on China's continued productivity control policy and global aluminum inventories have declined. Aluminum suppliers,... 30.09.2016  18:49

• Scrap metal exports from Ukraine fell in the first eight months of 2016 According to statistics from Ukraine, in January-August 2016, the country exported 233,378 tons of steel scrap, down 76.5% year on year. Exports generated US $ 40.99 million. At the same time, Ukraine did not export scrap metal in July and August, but exports in June amounted to 26,780 tons of... 30.09.2016  15:05

• Zaporzhstal improves the living conditions of workers In accordance with the principles of corporate social responsibility of the Metinvest Group, Zaporzhstal in 2016 will allocate UAH 3.8 million to improve the living conditions of workers. Within the framework of the comprehensive program "Working Life", which has been implemented at the... 30.09.2016  14:49

• OPEC agreed to cut oil production During a meeting in the capital of Algeria, OPEC reached an agreement for the first time in eight years to cut raw materials production. The daily production limit should be limited to 32.5 million barrels, which is 750 thousand. barrels less than in August. This decision is by prior... 29.09.2016  11:05

• Severstal partners with belgians to process coal tar Severstal and the Belgian Rutgers Group will jointly process coal tar. The new plant should be more efficient and less burdensome for the environment than the existing ones. Severstal and the Rutgers Group will establish Rutgers Severstar, which will build a new plant in Cherepovets to process... 29.09.2016  10:20