Metallurgy news
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Russia to appeal against EU decision on anti-dumping duties on steelRussia applied to the WTO on the issue of anti-dumping duties imposed by the European Union on Russian steel. According to Russia, the EU violated a number of WTO provisions. The Russian side believes that the European Commission committed many violations of the WTO rules during the anti-dumping…
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Dneprospetsstal: production results in December 2016 and results in 2016In December 2016, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21,385 tons of steel, which is 12.3% higher than the level of the previous month. During the same period, the Enterprise produced 13 620 tons of rolled products, which is 6.5% more than in…
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German automakers sell one in three cars in ChinaGerman car sales in China have tripled since 2009, to five million units. More than a third of the global car sales of Volkswagen, BMW and Daimler are associated with the People's Republic of China. German automakers already sell one in three cars in China, a study shows. A year earlier, the share…
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Belarus to increase export duties on oil from FebruaryBelarus will increase export duties on oil and petroleum products in markets outside the Eurasian Economic Union starting in February, the press service of the government said. The export duty on crude oil will range from USD 79.1 to USD 89.5 per tonne. The duty on gasoline will increase from $…
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By the end of 2017, an increase in the price of nickel and stainless steel is projectedIn a new report, independent research house Capital Economics predicts that of all industrial metals, the price of nickel has the best growth prospects. Nickel is an important raw material for the production of stainless steel products, such as a circle, square, hexagon, stainless steel angle and…
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Chinese Hesteel Group may buy a metallurgical plant in SloveniaUnited States Steel Corporation, the current owner of the largest Slovak steel mill in Kosice, signed a memorandum of cooperation with the Chinese company Hesteel Group. According to Slovak media, this will lead to a change in the ownership of the steel production. The fact that US Steel wants to…
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Improving prospects for the iron and steel industry in RussiaMajor Russian metallurgists expect 2017 to be the best year for the industry as the national economy grows thanks to firmer oil prices and higher steel prices. Companies have suffered over the past two years, as global steel prices hit 11-year lows and the country's economic crisis eroded domestic…
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Largest steel producers in 2016China continues to be the world's largest steel producer for a year, followed by Japan and India in second and third places. Global production totaled 1.604 billion tonnes throughout 2016, an increase of 0.7% over the previous year. The World Steel Association (Worldsteel) has released a list of…
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China's nickel ore reserves continue to fallIn seven major Chinese ports, nickel ore stocks dropped significantly during the week ending January 26, according to Shanghai Metals Market. Nickel ore stocks fell 150,000 tonnes in a week, according to SMM. Domestic nickel ore market trading in China has stalled with the 2017 New China Year…
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Africa's exploration budget declines 24% in 2016While Africa accounted for 13%, or $ 916 million, of the global exploration budget in 2016, research from Standard & Poor's found it was 24% lower than in 2015. Survey data found that of 34 mining countries in Africa, only the Democratic Republic of the Congo (DRC) set an exploration budget higher…
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