Metallurgy news
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Interpipe announced the appointment of a new CEOFadi Hraibe has been appointed General Director of the Ukrainian industrial company INTERPIPE. He will take office on November 1, 2016. Oleg Rosenberg, who has headed Interpipe since 2013, has completed cooperation with the Company. Fadi Hraybe has experience of cooperation with Interpipe. During…
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Baosteel and Wuhan Steel complete 2016 capacity cutsChina, the world's largest steel producer and consumer, has already begun restructuring inefficient and overcapacity in the sector, which have driven an increase in cheap exports and a drop in steel prices. Chinese steel giants Baosteel Group and Wuhan Steel Group have completed their targeted…
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Interrelation of prices of steelmaking raw materialsWhat connects loading of coking coal from Australian ports with ferrous scrap from New Jersey, USA? And what does this combination mean for Turkey's electric arc furnaces? FOB Australia coking coal prices doubled in a month from mid-August to mid-September following further destruction of mines in…
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EU voices against Nord Stream project are louderNo new direct EU sanctions against Russia are currently foreseen. This became clear at the EU summit. Federal Foreign Minister Frank-Walter Steinmeier told ARD that new sanctions against Russia would be counterproductive. “What worked in Ukraine doesn't have to be the right decision in Syria. We…
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China in September significantly increased the output of refined copperRefined copper production in China jumped 7.2 percent in September from a year earlier, according to the National Bureau of Statistics. Refined copper output was 725,000 tons in September and 6,223,000 tons between January and September, an increase of 8.4 percent year on year. Aluminum production…
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Duties in the EU are several times lower than the American onesEurofer reiterates his call for the removal of the minimum duty rule, which causes differences in the level of anti-dumping duties between the European Union and the United States. The association has prepared a list of tariff differences for some goods imported from China. For cold rolled flat…
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World Bank provides Ukraine with guarantees on loans for gas purchaseThe World Bank Board of Directors has approved loan guarantees totaling $ 500 million for the oil company Naftogaz. The state-owned company will use the money to buy natural gas. This will strengthen the survival of the heating season, as Oleksandr Danilyuk, Minister of Finance of Ukraine…
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World steel production increased by 2% in SeptemberAccording to the latest statistics released by the World Steel Association, crude steel production in the 66 member countries was 132.909 million tonnes in September this year, an increase of 2.0% from 130.272 million tonnes in the same month a year earlier. Crude steel production in the Americas…
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BIR Releases Global Scrap Trade and Consumption ReportThe Bureau of International Recycling (BIR) has released its latest report on global scrap consumption and trade, detailing major market players. The BIR report also indicates an overall decline in the consumption of ferrous scrap in the first half of 2016. According to the report, the EU-28 region…
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BHP Speaks First Signs of Commodity Markets RecoveryBHP Billiton, the world's largest diversified mining company, is finally announcing signs of a market turn, with its most optimistic estimate in about five years. The recovery will be a boon for a global miner who has kept production, while his competitors have not been able to withstand the fall…
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