Metallurgy news
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Indonesia ends anti-dumping investigation on stainless steel imports from five countriesThe Indonesian government announces that it has decided to end the anti-dumping investigation against the import of cold rolled stainless steel products from Malaysia, Korea, China, Singapore, Taiwan and Thailand. These countries should be exempted from the anti-dumping duty, the notification has…
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Pipe factories raised prices for DecemberMost pipe mills have long intended to raise prices to reflect the rising cost of materials. Pipe manufacturers have decided to adjust their pipe product prices for December. According to pipe manufacturers, the main reasons for the rise in prices for their products are the high cost of steel…
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EU steelmakers call for competitiveness in the steel marketRepresentatives of metallurgical organizations from Poland, the Czech Republic and Slovakia on Thursday asked their governments to take measures to maintain the competitiveness of the metallurgical sector. Measures should include the ability to protect the market from unfair imports, unsustainable…
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China has created a new steel giantThe company was formed after the merger of Baosteel Group and Wuhan Iron and Steel Corporation, and was named Baowu Steel Group. Fixed assets are estimated at $ 106 billion. The group employs 228 thousand people who can ensure the production of about 60 million tons of steel. This means that in the…
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Moody: the outlook for the European metals industry remains challengingMoody said in its report that the European auto industry, construction and capital goods will be the three main consumers of the steel industry. But steel demand is expected to rise by 1% on booming steel imports, which will gain a significant share of the steel market. With regard to trade…
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India will be the new engine of global demand for raw materialsSteel and iron ore demand in India will not follow the same fast upward trend that has characterized the growth of industrial production in China. After the Chinese economy has settled down to GDP growth of around 4-6 percent a year, India is the next major economic driver for global commodity…
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Tata Steel intends to halve the capacity of the UK metallurgical plantIndia's Tata Steel and German steelmaker Thyssen Krupp are reportedly considering cutting UK steel production at Port Talbot. The largest steel mill in the United Kingdom provides about 4,000 jobs. Tata Steel merged with Thyssen Krupp to deal with overcapacity in the European steel industry, but…
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Shell plans to sell oil fields in IraqThe Anglo-Dutch oil group is considering the sale of its shares in oil fields in Iraq, as part of a global divestiture program. Shell would like, however, to keep Iraqi gas assets in its portfolio. The program involves a $ 54 billion merger with BG Group, which forces Shell to seek savings…
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The cost of iron ore can reach $ 90 per tonBHP Billiton and Fortescue Metals Group are encouraging that the price of iron ore is showing no signs of slowing down. The 62% iron ore finished last week at $ 79.61 a tonne, about 13% higher than last Monday's closing price. The profit is in line with Chinese steel prices, which hit a 30-month…
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Gazprom gets almost full access to OPALGazprom agreed to the terms of the European Commission for the allocation of the OPAL pipeline capacity. According to the head of Gazprom Alexei Miller, the agreement under the new rules could start functioning in January, and the Russian giant will have access to 90 percent of the pipeline's…
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