Metallurgy news

• China fights illegal mining and export of rare earth metals China is stepping up efforts to curb illegal mining and export of rare earth metals by establishing a system to authenticate the supply of growing materials used in modern electronics, defense industries and renewable energy sources. Analysts and other suppliers to the rare earths market say... 04.02.2016  12:05

• Greece agrees on gas supplies from Azerbaijan Greece has resolved all the issues necessary to receive Azerbaijani gas through the Southern Gas Corridor, said Nikos Kotzias, Greek Foreign Minister, at a meeting with Azerbaijani Energy Minister Natiga Aliyev. Aliyev, in turn, said that the successful implementation of the Southern Gas... 04.02.2016  11:33

• Bavaria seeks a close partnership with Russia Bavarian Prime Minister Horst Seehofer was received by Vladimir Putin on Wednesday at his residence in Novo-Ogaryovo. As part of the visit, the Prime Minister of Bavaria held meetings with the Minister of Economy of Russia Alexei Ulyukaev, Minister of Industry Denis Manturov and the Mayor of Moscow... 04.02.2016  11:07

• Oil crash will trigger largest capital movement in human history The fall in oil prices has a positive effect on its demand and will lead to the fact that $ 3 trillion. dollars per year will flow from oil producers to global consumers, providing one of the largest transfers of wealth in human history, experts say. If prices average around $ 40 over the next... 03.02.2016  09:44

• Iron ore prices may record biggest drop in 2016 The average price of iron ore is expected to hit $ 42 per tonne in 2016, down nearly 25 percent when compared to average prices of $ 55.80 per tonne over the past year. According to World Bank forecasts, iron ore prices may experience the largest drop among all metals during the current year.... 03.02.2016  09:43

• Global metallurgy may return to growth Global metallurgy may return to growth The global steel industry, which saw a drop in production last year, is expecting a slight rebound this year, despite waning Chinese demand and as low metal prices are challenging producers. Global crude steel production will grow 0.15 percent in 2016,... 02.02.2016  10:46

• Moody's downgrades POSCO's rating to negative Global ratings agency Moody's Investors Service said Tuesday that it downgraded POSCO's rating outlook to negative from stable, citing its sluggish 2015 earnings and continued oversupply in the Asian steel industry. POSCO, South Korea's largest steelmaker, suffered a net loss on a consolidated... 02.02.2016  10:19

• PJSC "Zaporizhstal": production results in January 2016 In January 2016, PJSC Zaporizhstal registered an increase in pig iron production by 5.8%, steel - by 2.4%, rolled products - by 0.8% compared to the same period in 2015. In January 2016, 345.6 thousand tons of pig iron, 354.2 thousand tons of steel, 301 thousand tons of rolled products were... 01.02.2016  12:16

• Nippon Steel buys its rival Nisshin Steel Japan's largest steelmaker, Nippon Steel & Sumitomo Metal, announced today that it is looking to acquire its rival and fourth in the sector, Nisshin Steel. This acquisition will give the company control over about half of the domestic market. Nippon Steel is already the majority shareholder of... 01.02.2016  11:08

• China's steel sector suffers losses The dramatic changes in China's steel industry reportedly resulted in losses for more than half of the largest producers in the past year. The country's metallurgy, which accounts for more than half of world production, last year for the first time since 1981 reduced steel production by 2.3... 01.02.2016  10:49