Metallurgy news

• Chinese company buys unprofitable Serbian metallurgical plant The Chinese company Hebei Iron and Steel Group (HBIS) has signed an agreement to purchase a steel plant in Serbia in the town of Smederevo. On Monday, a $ 52 million deal was signed with the Serbian government, which has struggled for years to find a buyer. HBIS President Yu Yong says that the... 20.04.2016  10:08

• Russian defense orders in 2017 will reach their maximum level Russian President Vladimir Putin said that orders from the national defense industry will reach a maximum level in 2017. He noted that companies should consider converting and diversifying production during this period. He noted that the defense industry has begun to produce competitive... 20.04.2016  09:45

• The surplus of steel is unlikely to disappear quickly The World Steel Association this week painted a grim picture of future global demand, saying consumption of finished steel this year is likely to reach just 1,487 million tonnes, a 0.5 percent drop from last year, which in turn is 3 percent lower than in 2014. In October last year alone, the... 19.04.2016  12:13

• MMK's main indicators for the first quarter of 2016 In the first quarter of 2016, the total steel production of the MMK Group reached 3,025 thousand tonnes, which is 4.4 percent higher than in the fourth quarter of 2015, but 6.3 percent lower than in the first quarter of 2015. In the first quarter of 2016, the total steelmaking capacity... 19.04.2016  10:24

• US and Russia have no right to dictate terms to Turkey - Prime Minister Davutoglu The United States and Russia have no right to set conditions for Turkey to close the Turkish-Syrian border, Turkish Prime Minister Ahmet Davutoglu said, according to TRT Haber. He believes that the situation on the border with Syria is Ankara's internal affair “Only Turkey has the right to s... 19.04.2016  09:22

• India's steel import policy criticized at WTO India's decision to set minimum prices on imported pig iron and steel, as well as to impose emergency "guarantee" tariffs on some imported steel products, was widely criticized at a meeting of the World Trade Organization Council, a WTO official said. Japan drew attention to India on this issue... 18.04.2016  12:04

• Fiasco of negotiations of oil producers in Qatar On Sunday in Doha, negotiations on an oil freeze with the participation of 18 producer countries that want to raise the price of raw materials ended in failure. Participants said it "takes more time" to make a decision and freeze production. The meeting in Doha was not attended by one of the... 18.04.2016  10:48

• New high quality pellets and concentrate from Lebedinsky GOK At a technical conference dedicated to new properties and chemical composition of its products, Lebedinsky Mining and Processing Plant presented new iron ore pellets and high quality concentrate. They have reached a new level of production and are ready to supply raw materials to increase the... 18.04.2016  09:38

• 18 oil-producing countries meet in Doha Representatives of 18 oil-producing countries are taking part in a meeting in Doha with the aim of concluding an agreement between them to freeze production levels. Russia, Saudi Arabia, Qatar and Venezuela on February 16 at a meeting in Doha to support world oil prices agreed to maintain... 17.04.2016  12:37

• Improvement in the steel market is possible only in 2017 According to the World Steel Association this year, global steel demand will fall 0.8 percent. A slight increase of 0.4 percent can be achieved next year. The global market will be strongly influenced by a sustained slowdown in the growth of the Chinese economy, which may affect not only the... 17.04.2016  12:26