Metallurgy news
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What does the Indonesian government want to do with the coal sector?Indonesian authorities are trying to restrict coal mining and exports in the country in order to secure more reserves for future use as fuel in coal-fired power plants in Indonesia. Local coal miners find it difficult to resist producing and exporting more coal as coal prices are now 50 percent…
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NLMK Stoilensky GOK produces its 3 millionth tonne of pelletsStoilensky GOK, part of the international steel company NLMK with operations in Russia, the European Union and the United States, produced its three millionth tonne of iron ore pellets at its granulating plant, one of the largest in Europe. The plant has a design capacity of 6 million tons of…
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US trade actions threaten Ukraine and strengthen RussiaAs the American president prepares for his first meeting with the president of the Russian Federation this week, at the G-20 summit in Hamburg, Germany, the US Department of Commerce is making two important trade decisions that threaten Ukraine's economic and geopolitical stability. In 2014, when…
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Trump government intends to impose import duties on steel and other productsSenior consultants to the Trump government are planning to introduce tariffs on steel imports, where the tax rate could be as high as 20%. However, the range of products that may be subject to duties include aluminum, paper, semiconductor washing machines, etc. However, among cabinet members, only…
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Zaporizhstal reduces steel productionIn June of this year, the production of finished rolled products of the Ukrainian steel company Zaporizhstal fell 11.3% to 253,700 tons compared to the same period last year, including the production of pig iron decreased by 15.1% to 276,100 tons compared to the same period last year. ; crude steel…
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China closed induction furnacesBy the end of June, China had completed the elimination of old induction furnaces at its smelters. The problem affected more than one and a half thousand companies throughout China and furnaces with a total capacity of 119 million tons. This power has long been used only to a small extent. The…
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Auto parts manufacturer Takata changes ownershipThe Japanese company Takata, with manufacturing facilities on four continents, has sold most of its factories. This should play a major role in protecting against creditors in the US and Japan. The new owner promises that no one will lose their job. Defective gas generators in Takata airbags have…
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Trump's first defeat in climate policyThe Court of Appeal on Monday blocked the decision of the administration of US President Donald Trump to suspend the restrictions imposed by President Barack Obama on methane emissions from oil and natural gas production, The Hill reported. "The Obama Directive 2016 was part of a strategy to reduce…
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LME copper surges 5.1 percent in JuneGoldman Sachs analysts believe that in the short term, copper prices on the London Metal Exchange could rise to $ 6,200 per tonne, an increase of 4 percent, thanks in part to the loose monetary policy of the central bank of China. Good news for the raw materials market at the beginning of the week…
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Trump vows to secure American energy dominanceUS President Trump, during a speech at the Energy Department headquarters, announced a number of energy sector measures, including efforts by the US nuclear power industry to ensure expansion of US coal exports as well as the construction of new coal facilities overseas. Trump said his government…
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