Metallurgy news
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Copper expects a deficit by the end of the yearThe Chilean Copper Commission (Cochilco) forecast, based on the opinion of 14 experts, suggests that the international average copper price will be at $ 2.50 ~ 2.75 /lb in 2017. Among 14 experts, 11 experts predicted that the copper market will be in deficit this year at an average of 151,000 tons…
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Top 10 global steel producersAccording to the latest statistics released by the World Steel Association, the global crude steel output of the 67 countries reporting to the Association totaled 142.080 million tonnes in April this year. April production continued to climb 5.0% from output in the same month a year earlier. These…
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Do foreign steelmakers threaten US national security?President Donald Trump, in his April speech, painted a grim picture of the U.S. steel industry. For decades, he said, American steel companies were under siege by foreign competitors, “taking advantage of loose trade laws,” flooding the United States with cheap steel, leading to layoffs of workers…
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India is rapidly catching up with Japan in steel productionIndia has ranked third in the global steel production order since 2015, surpassing the United States. During the first four months of this year, the difference in production between Japan and India narrowed to just 1.8 million tonnes. Over the same period last year, the gap was 3.64 tons, and in…
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Oil prices are risingWorld oil prices rise on May 25 after OPEC and non-OPEC countries are close to agreeing to extend the deal. Brent crude oil futures for July rose 0.82 percent to $ 54.40 a barrel. At the same time, the price of July futures on West Texas Intermediate (WTI) rose 0.76 percent to $ 51.75 per barrel. A…
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New steels for construction and automobilesModern technologies require new materials - lightweight and durable, with unique characteristics. And the steel industry has a lot to offer. They are mainly developed for the automotive industry in order to reduce CO2 emissions. Innovation in materials isn't just about composites, nano materials…
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Japan worries about anti-dumping measures that violate WTO rulesThe Japanese Ministry of Economy, in its annual report on unfair trade practices, cites eight cases of anti-dumping measures by China, the United States, South Korea, India and Turkey against Japanese steel products that may be incompatible with World Trade Organization rules. In the case of…
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Features of the growth of stainless steel productionThe latest report released by the International Stainless Steel Federation (ISSF) claims that stainless steel production recorded an average annual growth rate of 5.8% between 1950 and 2015, significantly higher than that of other metals. At the same time, there is a significant jump in the…
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Worldsteel: steel production growth was five percent in AprilWorld steel production in April was 142.1 million tonnes, up 5.0 percent from a year earlier, according to the World Steel Association. In the European Union, the increase was 6.1 percent and steel production reached 14.296 million tonnes. Slightly lower growth was recorded in the four months of…
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Steel prices fell in MayEuropean steel prices fell 3 percent in May, according to the MEPS International Index. Throughout Europe, this trend has affected cold-rolled and hot-rolled sheets. In many countries, the rise in prices for galvanized sheet metal has slowed and stopped. The good economic situation in Germany keeps…
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