Metallurgy news
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Rolled steel producers increased prices amid surge in coking coal pricesSince July, spot coking coal prices have increased from $ 90 per tonne to $ 279 per tonne. Coal contracts in the fourth quarter of 2016 were sealed at $ 200 per tonne, an increase of 116% over the third quarter. The cost of coking coal is 30-50% of the production value of steel producers who use…
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India's steel production rises significantly in OctoberSteel production jumped 14 percent to 8.25 million tonnes last month from a year earlier, the largest gain since August 2015. Imports were down 55 percent to 538,000 tons and consumption was down 1.4 percent to 7.11 million tons, according to the steel ministry. India is aiming to become the second…
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Chinese steel company plans to expand investment in Sierra LeoneShandong Steel Group plans to expand its investments in Sierra Leone by investing $ 700 million in the construction of processing plants. The chairman of the Chinese steel company said this during a visit to Sierra Leone. He assured the president of that country that the goal of the company in…
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US adjusts anti-dumping duties on Korean OCTG importsThe US Department of Commerce announced that it has adjusted downward anti-dumping duties on South Korean OCTG imports. On August 2, the International Trade Court (CIT) indicated that the dumping margin was not consistent with the end results. The current anti-dumping duty ranged from 9.89% -…
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India Introduces Temporary Anti-Dumping Duties on Chinese Imports of Hot Rolled SteelIn order to protect local steel mills by reducing imports of hot rolled steel imported from China, the Indian government announced that it will impose temporary anti-dumping duties on Chinese hot rolled steel from November 3 for six months. Indian steel mills have said Chinese manufacturers are…
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Iran drills 8 offshore oil and gas wells in 6 monthsThe National Iranian Drilling Company (NIDC) has drilled about 3,313 meters of offshore oil and gas wells using its own drilling fleet during the first half of the current Iranian fiscal year (started March 20). The company has drilled 8 offshore oil and gas wells within six months, the SHANA news…
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Research: Nord Stream 2 will make Germany an energy hubAccording to a joint study by Ewi Energy Research and the European Center for Energy and Resource Security (EUCERS), gas supplies to the EU will soon change dramatically as European gas production declines. The study says the EU has several options for the next 20 years to diversify its gas…
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South Korea will provide state support to shipbuildingThe South Korean government plans to spend KRW 11 trillion ($ 9.6 billion) by 2020 to help shipyards build 250 ships. This is a reaction to a sharp decline in new orders, down 87 percent, in the first nine months of 2016, the Commerce Department said. The three largest Korean shipyards Hyundai…
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Ukraine became the largest exporter of agglomerated iron ore to ChinaFrom January to September 2016, China's iron ore imports increased by 9%, and amounted to 762.594 million tons in nine months. However, the total value of imports in the country fell by almost 6.3% over the year. Australia was the largest exporter of iron ore to China during this period. Imports…
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Hillary Clinton received gifts from QatarThe Clinton Foundation has confirmed a $ 1 million "gift" from Qatar. The donation took place while Hillary Clinton was Foreign Secretary, according to Reuters in the English Service. Corporate gifts have always played a huge role in the world of big business, but there are more interesting ideas…
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