Metallurgy news

• ArcelorMittal plans to cut spending on US assets ArcelorMittal, the world's largest steelmaker, has announced cutbacks at its US steelmaking facilities. The company reported a $ 8 billion loss in 2015, citing low iron ore prices as one of several reasons that led to huge losses throughout the year. Several cost-cutting measures have already... 09.02.2016  11:29

• Global currency wars are spiraling out of control The devaluation of the Chinese yuan could trigger a global banking and debt crisis. China could be seriously damaged in this global currency war. The winner will be the US hedge funds, whose speculation could be the deal of the century. The risk of a rapid devaluation of the yuan is real, the... 09.02.2016  10:35

• US worries about its dependence on mineral supplies A report from the United States Geological Survey (USGS) said that in 2015, the United States began to rely more on outside sources of metals and made less money from its mines. Concerns have been raised that for many years the United States has been overly dependent on other countries, namely rare... 08.02.2016  10:57

• Serbia close to agreement on privatization of steel plant in Smederevo An agreement with a Chinese investor on the privatization of Serbia's steel mill in Smederevo could be signed as early as April, says Bojan Bojkovic, a member of the supervisory board of the steel mill. “We intend to sign an agreement that will save not only the steel plant, but also the Serbian ... 08.02.2016  09:48

• India systematically reduces steel imports In January, Indian steel imports fell for the third straight month as government measures cut off metal inflows amid a global oversupply. India has tightened its market protection against steel imports since June and raised rates on Friday due to the introduction of a minimum price for steel... 08.02.2016  09:29

• US steel imports in January 2016 account for a quarter of the market Based on the latest report from the Department of Commerce and Data Analysis (SIMA), import approvals obtained in January 2016 amounted to 2.696 million tonnes. This is a 2 percent increase from the 2.638 million tonnes of permits recorded in December last year, and an increase of 16 percent over... 07.02.2016  12:53

• Bureau of International Recycling issues the February issue of Ferrous World Mirror The entire range of commodities, from oil to scrap ferrous metals, experienced a huge contraction in demand in 2015, with the result that commodity prices fell to their lowest multi-year level. China's overproduction and exports have also had a negative impact on world markets. Demand for steel... 06.02.2016  14:40

• Ukraine in March starts shipping to eastern countries bypassing Russia Ukraine plans to start full-fledged commercial operation of the Trans-Caspian international transport corridor from Europe through Azerbaijan and Kazakhstan to China in March 2016. The test train has already arrived in China on January 31, and will return to Ukraine by the end of February this... 06.02.2016  13:48

• EU forces China to cut steel sector The EU has called on Beijing to cut excess capacity in the steel industry, promising new measures to support European producers facing a flood of Chinese imports. Cecilia Malmström, EU trade commissioner, said she would otherwise open three new anti-dumping investigations on steel goods from ... 05.02.2016  12:54

• Turkish Stream is still interesting for Ankara The Turkish Stream gas pipeline project is in the interests of both Turkey and Russia, says Agnia Grigas, a researcher at the Atlantic Council in Turkey. “Energy consumption in Turkey is growing and Russia provides more than half of Turkey's gas imports. At the same time, naturally, Ankara is i... 05.02.2016  11:22