Metallurgy news

• Manufacturing capacity of steel plants in India is growing According to the Indian government, the production capacity of the local iron and steel industry increased by 6.5 percent and will continue to grow thereafter. According to the information provided by the Minister of Steel of India Narendra Singh Tomar, the production capacity of metallurgy in... 15.03.2016  10:36

• Will Russia Increase Oil Exports in 2016? Esai Energy analysts predict that Russian exports via pipelines and from seaports in the Far East directly to Asia will increase by 50,000 barrels per day. While the rest of the increase, which is about 130 thousand barrels per day, will come from European ports. In total, export growth may reach... 15.03.2016  10:13

• Gold declines in anticipation of the US Federal Reserve meeting Gold is getting cheaper in trading this week, as investors await a meeting of the US Federal Reserve System (FRS) on the interest rate in the framework of monetary policy in the country. The price of April gold futures on the New York Stock Exchange Comex fell to $ 1,243.7 per troy ounce, by $... 15.03.2016  09:28

• US scrap metal exports fell 47 percent in January US scrap exports during January 2016 totaled 552,559 tons, according to government data. Exports in January of this year were down 47 percent when compared with exports in the same month of the previous year. The country exported 1.04 million tons of scrap in January 2015. Turkey was the largest... 14.03.2016  09:59

• Oil production started in the Barents Sea Oil production began in the Barents Sea as a result of the completion of a joint project between Italian ENI (with a 65 percent share) and Norway's state oil company Statoil (with a 35 percent share). Oil production in the Barents Sea is carried out on the northernmost offshore oil platform,... 14.03.2016  09:46

• Ban Ki-moon condemned the terrorist attack in Ankara UN Secretary General Ban Ki-moon condemned the terrorist attack on March 13 at 18:45 in the heart of Ankara. At the bus stop next to Guven Park, an explosion thundered at the moment of a large crowd of people. As a result, one municipal bus and several vehicles completely burned down. The head... 14.03.2016  09:15

• Iran considers the possibility of limiting oil production Iran is ready to discuss issues on freezing its production with the largest oil-producing countries, but after reaching the level of production of four million barrels per day, as stated by Iranian Oil Minister Bijan Namdar Zangane. In his opinion, the oil producing countries should give Iran... 13.03.2016  13:02

• US urged to investigate sharp increase in Chinese aluminum imports Aluminum companies in the US have demanded an investigation into the Chinese government's subsidies to aluminum producers. This is taking place against the backdrop of a sharp increase in imports of finished and semi-finished aluminum products from China to the United States. A team of... 12.03.2016  10:54

• Stainless steel demand will grow 3 percent annually until 2019 Global demand for stainless steel products aims to reach 38.0 million tonnes this year and 39.2 million tonnes in 2017. Global consumption expects a CAGR of about 3 percent from 2016 to 2019, Finnish stainless steel maker Outokumpu said in its 2015 annual report. Global demand for stainless... 12.03.2016  10:21

• Turkey plans to acquire coal mines in Ukraine Turkey intends to get the coal mines of Ukraine, according to the Turkish newspaper Enerjigunlugu. In addition, Turkey is going to lease a gas storage facility in Ukraine. Last year, the Ukrainian government made a decision to reform the coal industry. According to this decision, 10... 12.03.2016  09:43