Metallurgy news
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EU Introduces Anti-Dumping Duties on Chinese Steel PipesThe EU has decided to impose anti-dumping duties on seamless pipes made in China of up to more than 80 percent. The EU 28 thus wants to protect itself from the influx of subsidized goods. The products that have been the subject of anti-dumping measures are used in power plants, construction sites…
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Chinese Steel Exports Will Reduce By 15% In OctoberSteel exports from China recorded a sharp decline during October this year amid stringent restrictions and duties imposed by several countries on cheap steel products imported from China. The sharp drop in exports was also driven by increased demand in the domestic market, according to a press…
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Russia has reduced the export of ferrous scrapThe latest trade data published by the Federal Customs Service of Russia shows that the export of ferrous scrap in the country over the eight months of this year has slightly decreased compared to the corresponding period in 2015. At the same time, the volume of exports during August 2016 fell to…
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Copper on the London Stock Exchange boosts growthCopper prices on the London Metal Exchange have skyrocketed again. Copper on the LME for three-month delivery traded at $ 5,736.50 a tonne, after a 3.4 percent increase. And during the previous week, copper on the Shanghai Stock Exchange climbed 19 percent. Markets are not responding to warnings…
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Iranian Iron Ore Exports Up 54%Iranian iron ore exports jumped 54% year on year to 8.46 million tonnes during the first half of the Iranian year, to September 21, despite the Iranian government's policy of restricting raw material exports. Iranian imports of iron ore pellets fell sharply by 93% year on year to 65,000 tonnes…
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China worries about EU protectionism on steel importsChina expresses grave concern about the European Union's protectionist measures against Chinese steel products, the Ministry of Commerce said on its website. The ministry issued a statement in response to the latest EU decision to adopt temporary anti-dumping measures against imports of Chinese…
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EU close to imposing higher anti-dumping dutiesOn Friday, a meeting of EU trade ministers took place. They noted the need to defend their interests, especially in the case of dumping. “Today we have taken a step towards reaching an agreement by the end of this year,” the ministers said after the meeting. Proposals to strengthen defense trading…
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Climate policy could be Trump government's first casualtyDonald Trump's victory in the presidential election raises concerns that after taking office, he will undo the achievements of President Barack Obama in the fight against global warming. The president-elect does not believe in the climate change policy, or at least he considers it a "scam." During…
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UK develops coal phase-out planThe UK has been pondering the best course of action to close coal-fired power plants by 2025 and pose no threat to safe, reliable and affordable energy supplies. The orderly transition consultation will begin on Wednesday. Wholesale market conditions in the UK have led to numerous closures of…
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China announced an early reduction in steel capacity for 2016China reached its goal of reducing steel production capacity by 45 million tons in 2016 ahead of schedule, having achieved the required result already at the end of October. China also hopes to meet its target of reducing 250 million tonnes of coal capacity by the end of the year, Li Pumin…
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