Metallurgy news

• Russian metallurgical companies may report solid profits in 2 half of the year Russian steel companies should earn solid earnings in the second half of 2015, despite slowing global and domestic demand and weak prices. Ratings agency Fitch said in its report that Russian steel companies are well positioned to report solid profits in the second half of this year. Even a... 17.09.2015  11:02

• Steel production in Ukraine may continue to fall in the second half of the year According to the Ukrainian Association Metallurgprom, steel production in Ukraine is expected to reach 1.9 million tons in October this year. At the same time, Ukraine plans to produce 1.9 million tons of pig iron and 1.8 million tons of general rolled steel. However, in September Ukraine's targets... 17.09.2015  10:19

• US lowered weekly output of crude steel According to statistics from the American Iron and Steel Institute (AISI), crude steel production in the country fell sharply during the week ending September 12, 2015. Total domestic crude steel production last week was 1.694 million tonnes. AISI data show that crude steel production in the... 16.09.2015  12:37

• Growth in global copper consumption may slow down Global copper consumption growth could decline from 4.5 percent in 2014 to a minimum of 2.5 percent in 2015, Societe Generale notes in its monthly report. In the latest report, Societe Generale predicts lower growth in global copper consumption in 2015, indicating an apparent slowdown in China... 16.09.2015  11:39

• EU taxpayers are ready to buy gas for Ukraine Russia and the EU have agreed to supply natural gas to Ukraine. Accordingly, EU taxpayers must provide Ukraine with a loan of half a billion euros. The money will go directly to the blocked account of Gazprom. EU taxpayers are ready to take responsibility for the implementation of gas supplies... 16.09.2015  11:10

• Steel pipe manufacturers continue to appeal to WTO against US AD duties Turkey is yet another country that has decided to appeal to the World Trade Organization against US intentions to impose anti-dumping duties on its steel pipe imports. More recently, South Korea has filed an appeal to the WTO. The President of the Turkish Steel Exporters Association pins hopes... 15.09.2015  21:01

• China's steel production rose 1.7 percent in August China produced 66.94 million tonnes of crude steel in August, increasing output by 1.7 percent from 65.84 million tonnes in July. However, compared to the same month last year, production fell by 3.5 percent, as evidenced by the latest figures from the National Bureau of Statistics. From January... 15.09.2015  10:12

• POSCO in talks with Nippon Steel to resolve espionage issues POSCO said it is still negotiating a legal settlement with Nippon Steel & Sumitomo Metal Corp regarding corporate espionage. The issue received widespread publicity after newspapers reported that a South Korean steel company was in talks to pay the Japanese company about 30 billion yen ($ 250... 15.09.2015  09:23

• Construction began on steel and petrochemical facilities in the port city of Chabahar in Iran As part of the implementation of the program for the accelerated economic development of Iran, the construction of two large industrial enterprises, a petrochemical complex and a steel plant, began in the coastal region in the southeast of Iran. It is planned that the metallurgical plant will... 14.09.2015  10:35

• Metinvest Calls for Renewal of VAT Refunds Ukrainian media reported last week that Metinvest, Ukraine's largest mining and metals company, said its enterprises operating under Ukrainian law, and its Khartsyzsk Pipe Plant and Yenakiyevo Steel Plant, both located in the Donetsk region, have been re-registered as controlled by Ukraine. the... 14.09.2015  10:17