Metallurgy news
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EU Launches Investigation into Corrosion Resistant Steel Import from ChinaThe European Commission announced that an anti-dumping investigation has been launched against the import of corrosion-resistant steel from China on behalf of eight corrosion-resistant steel manufacturers, which account for 53% of the total production of similar products in the EU, following a…
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World Bureau of Metals Statistics publishes ten months reportThe global primary aluminum and lead markets registered a deficit during January-October 2016. On the other hand, the copper market recorded a marginal surplus during this period. This is reported by the World Bureau of Metals Statistics (WBMS) in its report for the first ten months of this year…
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The Ministry of Finance of the PRC will finance up to 70 percent of the amount of M&A transactions in metallurgyThe PRC government considered the current volume of the country's steel industry to be excessive, and a decision was made to cut existing production. The program implements a policy of mergers and acquisitions of companies with the aim of their consolidation. It was also decided to pursue a tougher…
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India gold imports up 23% in NovemberOfficial data released by the Indian Ministry of Commerce show a significant increase in gold imports in the country in November this year, compared to the previous year. The fall in domestic gold prices led to a huge increase in demand, which in turn led to high consumption of the yellow metal…
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Rare blue diamond found in AustraliaMerlin Diamonds have discovered a rare blue diamond at their Merlin mine in Northern Australia. The company says this "small 0.124 carat diamond" demonstrates the potential of valuable colored gemstones. "This is Merlin's first blue diamond," the company said in a statement. Blue diamonds are even…
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British Steel DreamSanjeev Gupta, head of the Liberty Steel group, which took over part of Tata Steel's UK assets, announced an increase in steel production to 5 million tonnes over the next five years. He is pinning his hopes on Mel Wilde, who will lead part of the Liberty House steel group from January. The special…
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Indians block the creation of a copper mine in EcuadorDue to violent protests by local Indians against exploration in search of copper deposits, the government of Ecuador declared a state of emergency in the Panantza-San Carlos area, in the Ecuadorian part of the Amazon, and sent troops and police there. About sixty Shuar Indians attacked the police…
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Steel prices in the EU rise as costs increaseEuropean prices for rolled steel continued to rise in December, driven by a sharp rise in the cost of raw materials. In addition, imports of steel products from third countries were restricted by trade protection measures for hot and cold rolled coils. Chinese deliveries have dropped especially…
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Brazil Sharply Increases Iron Ore Exports In NovemberBrazilian iron ore exports totaled 31.439 million tonnes during November. This is up 12.3% when compared with exports during the corresponding month last year, when the country exported 28,000 million tonnes of iron ore. In addition, the country's total export value increased substantially, by…
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China refutes EU and US allegations of steel market problemsChina exports only about 10 percent of total steel production, well below 40 percent of some developed countries' steel producers. However, the United States and some European Union member states regularly accuse China of overcapacity in the global steel industry and conduct anti-dumping…
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