Metallurgy news

• Mechel informs about restructuring of debt to VTB Moscow, OAO Mechel, a Russian mining and metallurgical company, announces the signing of agreements on the restructuring of the debt to VTB Bank in the amount of 70 billion rubles. Borrowers under the credit lines are Mechel OJSC and the Group's subsidiaries such as Yakutugol OJSC, Yuzhny... 10.09.2015  08:58

• NLMK Group Increases Lighting Energy Efficiency by 100% NLMK Group, the largest steel company in Russia and one of the most efficient metallurgical companies in the world, has summed up the preliminary results of a large-scale project to modernize lighting at Russian plants and enterprises. The multi-year project was carried out in cooperation with the... 09.09.2015  11:45

• Mexico opens AD investigation on imports from India and CIS The Mexican Ministry of Economy has begun reviewing existing anti-dumping duties on steel plates supplied from Russia and Ukraine following a complaint from Mexican steelmaker Altos Hornos de Mexico (Ahmsa). Low import costs are seen as a key threat to Mexico's steel sector. Companies like Ahmsa... 09.09.2015  11:01

• Russian sanctions cost EU taxpayers an additional € 500 million Amid violent protests from thousands of farmers, EU countries agreed on a program of initial measures against falling prices for agricultural products. The ministers of agriculture of the EU countries approved in Brussels a package of measures of the European Commission, which provides, in... 09.09.2015  10:38

• Workshops BMZ set new records in August According to the results, summed up at the Belarusian Metallurgical Plant in August 2015, two workshops of the enterprise have reached new production records. Mill 150 of the Section Rolling Shop (SOC) and Electric Steel Smelting Shop # 2 (ESPC-2) achieved maximum performance in their production... 09.09.2015  09:50

• Nazi train with gold allegedly found in Poland A 150-meter armored train went missing near the city of Breslau in East Germany, which is now a Polish city. Tourists from Poland and abroad flock to the southwestern town of Walbrzych after Polish television showed two men claiming to have found a Nazi train loaded with gold. German Andreas... 08.09.2015  10:41

• World pig iron production declined slightly According to the latest statistics released by the World Steel Association, global pig iron production declined marginally in July 2015, by 0.76 percent, compared to the previous month, to 97.075 million tonnes. In the previous month, global pig iron production was 97.821 million tonnes. The... 08.09.2015  10:10

• US calls for ban on Greek airspace for Russian aircraft The US is demanding that the government in Athens block Greek airspace for Russian aircraft. Russia uses airspace to fly to Syria. It is now clear that the Greeks have to pay for their salvation from the crisis in euros. The Greek Foreign Ministry confirmed this information. Russia has a naval... 08.09.2015  09:20

• Despite the sanctions, Gazprom cooperates with BASF The deal between the world's largest chemical company BASF and the Russian giant Gazprom was struck despite the current sanctions. BASF wants to exit the gas trade. BASF and Gazprom have agreed to carry out an equivalent asset swap, which was originally carried out at the end of 2014. As a result,... 07.09.2015  11:17

• ThyssenKrupp cuts costs by 1 billion euros German industrial group ThyssenKrupp has cut costs by more than € 1 billion ($ 1.12 billion) this year, surpassing its target, and plans to move in that direction, its CFO said. The company's efficiency improvement program was aimed at achieving € 850 million in savings in the current fiscal yea... 07.09.2015  10:27