According to the Russian Steel Association, in 2017 local steel consumption will grow by 5.5% YoY. The previous forecast, published in June, presupposed the growth of steel consumption by 2%. “The positive dynamics of metal consumption is shown by the machine-building sector – 14%. Steel consumption by car manufacturers will increase by 9%, and by…
In January-October metal consumption in Ukraine increased by 18% YoY, to 4.37 million tons. According to Ukrmetallurgprom, 1.08 million tons (24.7%) were imported, up by 23.4%. Imports structure changed this year. The flat rolled metal dominates the imports with the share of 58.4% against 64%, while the share of long rolled metal increased from 34.3%…
Belarus and Venezuela will be able to achieve the goals they set forth and strengthen the relations of cooperation and friendship, Belarus Industry Minister Vitaly Vovk said at the meeting with Venezuelan Minister for Basic, Strategic and Socialist Industries Juan Arias. The parties discussed bilateral cooperation, especially in iron and steel manufacturing. According to Vitaly…
Debang Guangdong is initiating a construction of a new metal cluster in the Far East. In particular, an electrometallurgical works will be built. According to the Ministry of the development of the East, investments will total $2 billion. The projected capacity of the first stage of the enterprise will be 1-3 million tons of metal…
Scientists of the National Research Technological University MISiS together with their Canadian colleagues have created a unique titanium – niobium – zirconium alloy – its resilience is identical to that of the human bones. This innovation will allow creating more efficient and practical medical implants. Researchers believe the new alloy will replace the currently used…
In January-September Donetsk region industrial output decreased by 12.4% YoY, while in September by 10.9% YoY and by 2.5% MoM. In September mining and quarrying output dropped by 7.7% YoY, including coal by 24.5%, metal output by 13.4%, coke – by 23.8%. In 9 months metal output decreased by 8.2% YoY, mining and quarrying by…
Russia’s gross domestic product (GDP) growth, domestic demand recovery, higher steel prices and the stabilization in consumer confidence will help strengthen the country’s steel industry in 2017-2018, Moody’s said in a report on October 25. “We expect that steel demand in Russia will remain healthy on the back of the continuing GDP recovery, while average…
In September Ukrainian metal companies consumed 135 million cubic meters of gas, down by 5 million cubic meters MoM. Average daily gas consumption stayed at the level of 4.5 million cubic meters. In January-September gas consumption increased by 3% YoY, to 1.3 billion cubic meters. Average daily gas consumption totaled 4.7 million cubic meters against…
