Metallurgy news

• July marks the first month of falling steel prices this year In July, for the first time this year, world steel prices fell slightly. According to MEPS International, they should continue to fall by the end of the year, but will not reach last year's levels. Analysts at MEPS International show that monthly prices fell 0.9 percent in July. The downtrend is... 04.08.2016  12:49

• Coal giants profit from reductions in excess capacity China's coal giants appear to have turned their losses into profits as the industry improved performance by cutting excess capacity, according to the National Development Commission, as well as companies' annual earnings reports. Coal companies are improving profitability as excess capacity is... 04.08.2016  11:32

• China's steel industry is back to life After a sharp and sudden contraction in June, activity levels in July across China's steel industry - the largest in the world - are improving again. The purchasing managers' index (PMI) stood at 50.2 in July, well above 45.1 in June. Also, the Manufacturing PMI measures changes in the levels of... 03.08.2016  11:02

• Russia has increased oil production Oil production in Russia increased by 1.8 percent in July 2016, and this is the 24th consecutive month that production increases year-on-year, according to official figures. Oil production in July was 10.85 million barrels per day, which is almost the same as in June, and only slightly less than... 03.08.2016  09:37

• Failed coup caused $ 100bn damage to Turkish economy The Turkish newspaper Hurriyet, quoting Turkish Trade and Customs Minister Bulent Tufenkci, reports that "the attempted military coup cost the Turkish economy $ 100 billion." Although, according to the minister, economic markets have successfully passed this test. On July 20, Turkish President... 02.08.2016  11:41

• EU imposed five-year anti-dumping duties on Chinese rebar The European Union has introduced final anti-dumping measures against imports of rebar from China. They will be valid for 5 years. An anti-dumping investigation on the import of rebar from China was launched on April 30, 2015 as a result of a complaint filed by EU metallurgists, and temporary... 02.08.2016  11:11

• China is expanding its influence on the territory of Russia Immigrants from China control large agricultural areas in eastern Russia, increasing the economic influence in the region. At the same time, critics speak of a "Chinese invasion", while economists perceive it as economic recovery in the East. While nationalists warn of a takeover by the Chinese,... 02.08.2016  10:47

• ArcelorMittal Europe boosts profits ArcelorMittal Europe released its second quarter 2016 results, which said it generated € 340 million in operating profit, which is much higher than the € 77 million operating profit achieved in the first quarter of 2016. Steel supplies increased by 10.886 million tons, an increase of 4.2 per... 01.08.2016  12:20

• Russian economy shows signs of slight recovery The contraction of the Russian economy slowed down significantly in June. Industry, agriculture and transport are working especially well. In addition, German Foreign Minister Steinmeier wants to work on easing sanctions against Russia. From low oil prices and sanctions imposed by the West, the... 01.08.2016  11:59

• AISI: steel imports increased in the USA The American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,785,771 tonnes of steel in May 2016, up 12.2% from April. The share of finished steel imports on the market is estimated at 23% in May and 24% during the first five months of this year. The main... 01.08.2016  11:23