Metallurgy news
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Ukraine has to sell coke to TurkeyEvraz Yuzhkoks, located in the Dnipropetrovsk region, ships products for export to Turkey due to the lack of demand for products in Ukraine due to the continuing downtime of the Dnieper Metallurgical Plant (DMK), which is part of the Industrial Union of Donbass corporation. For the plant, this is a…
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Trump government challenges WTO rulesTrump government challenges WTO rules The US government planned to complete the study of steel imports from various countries by the end of June, but now by July. The introduction of the customs tax caused a real commotion, mainly in the domestic market and among US partners. Internal…
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What is behind China's record steel production?In June, China's giant steel sector smelted 72.78 million tonnes. This is equivalent to an annual production of 891 million tonnes. The previous monthly record was set in May 2014 at 71.16 million tonnes. This year, however, this historic rate has been exceeded in every month since February. There…
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The grain harvest in Ukraine at the moment is 6.5 million tonsAll Ukrainian regions began harvesting grain in 2017, threshing 6.5 million tonnes of grain with an average yield of 3.18 tonnes per hectare, the agriculture ministry said on Friday. As of July 14, farmers harvested grain from 2.0 million hectares, the ministry said in a statement. The Ukrainian…
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Behind the scenes, companies fight Trump over steel tariffsAmerican manufacturers, energy companies and retailers relying on cheap steel are quietly lobbying President Donald Trump to impose tariffs on steel imports ahead of a possible decision by the US Department of Commerce next week. In keeping with his 2016 campaign promise, Trump in April initiated a…
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The situation in the Chinese steel market may lead to an increase in world steel pricesChinese steel mills enjoy strong margins as they continue to benefit from the government's displacement of induction furnaces. The country's demand for steel products is also boosted by a robust housing market. But how long will these market conditions last? The main factor this year has been the…
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Trump ponders quotas and tariffs on steel importsPresident Donald Trump told reporters that the US could use quotas and tariffs to prevent illegal dumping of steel in the US market, according to a CNBC report. “There are two ways - quotas or tariffs. Perhaps I will do both, ”said Trump, according to excerpts from his conversation with reporters…
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Iron ore prices hit 10-week high in ChinaIron ore is once again making an explosive rally that has put it back in a bull market, with prices now trading near $ 66 /t. Qingdao's 62% iron ore added $ 1.86 a night to $ 65.91, the highest level since early May and 20% more than this year in mid-June. Today, however, prices are 16% lower as…
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What will be the wheat harvest in Russia and Ukraine?Russia and Ukraine began harvesting wheat after rains caused a significant delay, analysts and traders say. Traders are looking at whether the Black Sea region and European wheat will be able to offset the US supply decline that pushed wheat prices to a two-year high last week. The US Department of…
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Reasons for the fall in steel exports from ChinaTrade measures targeting China have already been implemented around the world and are hurting the country's ability to export steel abroad. But this is mainly caused by domestic politics, which is responsible for the drop in exports, since millions of tons of basic construction steel are closed by…
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