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European Commission downgrades euro area economic growth forecast for 2020

The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...

Apartment renovation for a decent amount

Almost everyone dreams of repairing their apartment. But many people put it off until later, since it takes a significant amount of time and effort...

Scientists have found a way to reduce the cost of magnesium production

Developed by NUST MISIS scientists is the most effective and cheapest way to obtain technical magnesium from all that exist today....

Chelyabinsk Metallurgical Plant started overhaul of the blast furnace

The Chelyabinsk Metallurgical Plant (PJSC Chelyabinsk Metallurgical Plant, part of the Mechel Group) has shut down one of the three blast furnaces...

ArcelorMittal in South Africa plans to cut 2,000 jobs

The South African division of the world's largest steel company, ArcelorMittal, predicts a sharp drop in revenues in the first half of the year...

Izhstal improves the quality of rolled metal

The Izhstal plant (part of the Mechel Group) installed a hydraulic descaling system at the 450 mill. Its use increases the quality of finished metal...

Global stainless steel production fell 2.5 percent in the first quarter

The USA showed the largest growth in stainless steel smelting, while in other regions of the planet there was a slight decline....

Chinese steelmakers will fail to reduce ore prices

Iron ore stocks in Chinese ports will remain low as Australian, Brazilian and inland Chinese miners are unlikely to increase production....

Indian KIOCL will sell iron ore pellets to Europe

The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...

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