Metallurgy news

• Coking coal prices rise to $ 100 per ton Coking coal prices have clearly increased in recent weeks. Quotes as of August 5 this year for a tonne of FOB Australia coking coal reached $ 100. This is the highest figure in the last 16 months, that is, since March 2015. This significant price increase has been achieved since November 2015,... 08.08.2016  11:03

• Turkish Gas Pipeline May Get New Momentum The Turkish Stream project, the implementation of which is widely discussed after the normalization of relations between Turkey and Russia, may receive a new impetus this week. The construction of the gas pipeline is expected to be one of the topics for discussion during the meeting of Russian... 08.08.2016  10:46

• India may become second largest steel producer in December India is set to bypass Japan and become the world's second largest steel producer by December this year, the chairman of the Indian Institute of Metals (IIM) in Delhi said. However, this would require the implementation of the Greenfield or Brownfield projects that will help India reach the... 07.08.2016  11:47

• Iran and Azerbaijan to start joint production of cars A joint car production plant will be built in the Neftchala region of Azerbaijan. The Azerbaijani company Azeurocar, together with the major Iranian car manufacturer Iran Khodro, is planning to produce popular Iranian brands Dena, Samand, Rana and Soren. The production capacity of the joint... 06.08.2016  11:14

• Russian gas interests threaten European clean energy program Maintaining Russia's current position in the European energy market is the most formidable obstacle to increasing the share of renewable energy sources in electricity generation. Of greatest concern in light of Russian gas supplies are plans to develop renewable energy sources in Germany and... 06.08.2016  11:02

• Losses of Russian metallurgists from new EU duties have been calculated The EU-imposed duties on Russian steel could cost Russians $ 300 million a year annually, according to metallurgical companies. Perhaps Moscow will retaliate. The announcement of duties is a serious obstacle for Russian metallurgists, says Dmitry Smolin, an expert at KPMG. According to him,... 06.08.2016  10:42

• EU stainless steel market overview According to MEPS, purchasing activity for hot rolled stainless steel has slowed down in Germany as the summer vacation period approaches. Sellers predict that if nickel prices remain high, customers will start buying more substantial tonnages in mid-August. European factories are divided over the... 05.08.2016  14:34

• Mechel increased its coal and steel output in the second quarter Russian coal and steel producer Mechel reports that its second-quarter steel production rose 2 percent and coal production rose 4 percent from the previous quarter. Mechel, controlled by businessman Igor Zyuzin, reported that the volume of steel production amounted to 1.1 million tons, while... 05.08.2016  14:05

• EU introduces anti-dumping duties on steel products from China and Russia The European Commission announced on Thursday that it is introducing final anti-dumping duties on cold-rolled steel from China and Russia. The responsibilities are valid for five years. According to the decision of the Commission, anti-dumping duties on products from China are introduced in the... 05.08.2016  11:34

• PGNiG in Ukraine plans to compete with Gazprom The Polish oil and gas company began cooperation with the Ukrainian company ERU Trading for the supply of natural gas to Ukraine. The start of natural gas supplies to Ukraine in accordance with the agreement with ERU Trading confirms that the trading conditions offered by PGNiG are competitive in... 04.08.2016  13:48