Metallurgy news
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Ireland bans hydraulic fracturingIreland joined France, Germany and Bulgaria, which previously banned hydraulic fracturing. The upper house of the Irish parliament has approved the decision of the lower house to ban the use of hydraulic fracturing in the exploration of drilling for oil and gas onshore. In the Netherlands…
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China becomes the largest buyer of aluminum scrap for the United StatesAccording to the latest figures from the US International Trade Commission (ITC), the export of US aluminum scrap in the first five months of this year was 609,148 tons, an increase of almost 13% from 540,239 tons in the same period last year. Overall export growth reflected the purchase of…
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US launches investigation into stainless imports from ChinaOn August 16, the United States Stainless Steel Manufacturers Association called on the US Department of Commerce and the International Trade Commission to initiate anti-dumping and countervailing investigations into the import of stainless steel flanges from China. Major products are listed in US…
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Thyssenkrupp earns higher revenues and profitsThyssenkrupp sees an increase in revenues and EBIT during the first three quarters of the fiscal year, but the impact of one-off events provides a net loss. Components Lift Technology recorded record results with net income of 5.703 billion euros. The Industrial Solutions segment, after a good…
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Europe is afraid of gas shortagesStandard & Poor's analyzed the impact of the new US sanctions against Russia on the European gas market. Analysts believe there is not enough gas, and this is felt in market uncertainty. Russia is the largest gas supplier to the European market and covers about 30 percent. European demand for this…
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China's steel production continues at record paceSteel output in China rose 10% year-over-year to its highest monthly rate, according to the country's statistics bureau. “Steel mills are making record profits, so any steel mill that is not required to stop or cut production has essentially no reason to hold it back,” said Kevin Bye, an analyst at…
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Wheat prices in Russia fall as a large harvest arrivesRussian wheat export prices are falling for the second week in a row on the imminent arrival of a giant harvest that is expected to surpass last year's record, analysts say. The USDA and two leading Russian agricultural consultants SovEcon and IKAR sharply raised their 2017 wheat crop estimates…
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Coal mine closes in Spain due to lack of customersThe underground coal mine La Escondida, located in the Spanish city of Caboalles de Arriba, has closed. This was the last project of this type, located in the Castile and Leon region. According to local media, the owner decided to close the 60-year-old mine because no energy company wanted to buy…
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Worldsteel offers to buy a card of China metallurgical plants for 350 eurosWorld Steel Association Worldsteel has updated a detailed map of China's steel mills and offers to buy it in high resolution for 350 euros. Map c clearly shows the geographic and economic situation in the steel industry in the People's Republic of China. It includes information such as: • Steel…
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PJSC "ArcelorMittal Kryvyi Rih" is completing the preparatory stage of construction of two new continuous casting machinesKryvyi Rih, August 14, 2017 PJSC ArcelorMittal Kryvyi Rih is completing the preparatory stage of construction of two new continuous casting machines (continuous casting machines No. 2, 3), the operation of which will significantly increase the production of cast billets. As part of the company's…
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