Metallurgy news

• Steel production in the American continents declined in August According to the latest data released by the World Steel Association, the crude steel output of South American countries dropped significantly during August 2016. Total monthly output fell 6.6% to 3.491 million tonnes. North American steel production also declined 3.0% during the month. Brazil,... 26.09.2016  09:23

• WBMS: Global Nickel Market Remains In Deficit In First Seven Months Of This Year According to the World Bureau of Metals Statistics (WBMS), a deficit of 89,500 tons remained in the global nickel market in January-July 2016. While in 2015 there was 45,200 tons of oversupply, this year it is in short supply. World nickel production in July was 152,400 tons and consumption... 25.09.2016  12:26

• Iran plans to stop exporting crude iron ore Iran plans to stop exporting crude iron ore from March 2017, and instead sell the processed steel ingredient to maximize profits in an era of low prices. Tehran currently exports iron ore and is the sixth largest supplier to the Chinese market, although it supplies only a small share of those... 25.09.2016  11:34

• Gold rises amid the Fed's decision The precious metal is heading towards its biggest weekly reading since July after the US central bank decided to leave interest rates unchanged, holding back their prospects for future growth. Investors added 6.3 tons. Precious metals have awakened from their sleep following the Fed's decision... 25.09.2016  11:13

• Zaporizhstal reported on the implementation of the environmental modernization program In the period from 2012 to 2016, Zaporzhstal invested more than UAH 5.6 billion in the environmental modernization of production, which made it possible to significantly reduce air emissions. The most important investment project for the plant is the construction of an oxygen-converter shop to... 24.09.2016  12:15

• Strike stops iron ore production at Chinese mine in Peru The workers' strike has suspended production and supplies of iron ore at Shougang Hierro Peru SD., A subsidiary of Shougang Co's China, the company said in a statement. It was also announced that there are circumstances that allow the company to miss deliveries due to circumstances beyond its... 24.09.2016  11:34

• US Manufacturers Blame China for Bypassing Steel Duties American metallurgists have warned the US Department of Commerce that China is circumventing anti-dumping and countervailing duties on cold rolled steel coils and corrosion-resistant sheet by processing in Vietnam. California Steel Industries and Steel Dynamics Inc said, “We have clear evidence t... 24.09.2016  11:03

• Russia in August was the largest exporter of oil to China Russia regained its top spot as China's largest crude oil exporter in August, reflecting growing demand from independent refiners during the month. Chinese imports of Russian oil rose 50.2 percent in August to 4.64 million tons, or 1.09 million barrels per day (barrels per day), as demand from... 23.09.2016  10:47

• China faces difficulties in metallurgy reform China's plans to amalgamate its largest steel mills could reverse years of industrial fragmentation, as the government has set a goal of focusing 60 percent of the market share on top players. The top 10 Chinese steelmakers had a market share of about 50 percent in 2010, which fell to 34 percent... 23.09.2016  10:31

• Gazprom discovered a new gas field During geological exploration in the Kirinsky area, Gazprom discovered large deposits of natural gas and condensate. These are probably quite large hydrocarbon reserves discovered near Sakhalin. At the moment, drilling is still ongoing, so it is difficult to say how much hydrocarbons are hidden... 23.09.2016  09:52