  Structural transitions in melts as well as their dynamics are considered. It
is supposed that liquid represents the solution of relatively stable solid-like
locally favored structures (LFS) in the surrounding of disordered normal-liquid
structures. Within the framework of this approach the step changes of liquid Co
viscosity are considered as liquid-liquid transitions. It is supposed that this
sort of transitions represents the cooperative medium-range bond ordering, and
corresponds to the transition of the "Newtonian fluid" to the "structured
fluid". It is shown that relaxation processes with oscillating-like time
behavior ($\omega \sim 10^{-2}$~$s^{-1}$) of viscosity are possibly close to
this point.
