Metallurgy news
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The growth of stainless steel production occurs only in certain regionsAccording to the International Stainless Steel Forum (ISSF), global stainless production increased by more than 4 percent in the first half of 2016. However, in Europe, in particular in Central and Eastern Europe, production is declining. Growth in Asia is driven by China and several other…
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Belarus threatens Russia with intent to buy oil from IranDue to energy debt, Moscow has cut oil supplies to Belarus. Minsk threatened to start buying raw materials from Iran. Energy disputes between Moscow and Minsk are not new, but now tensions between the two capitals are growing. The dispute over the amount of debt continues. To motivate Minsk to pay…
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World steel production will growAccording to the latest forecast by the World Steel Association, global steel production is expected to rise this year and next. Although, in both cases, the growth barely exceeds zero, but all the same, production will increase, and in China, fortunately, it will decline. Excluding China's…
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China considers EU duties on Chinese steel unfairChina's Ministry of Commerce has expressed concern and regret after the European Union imposed temporary tariffs on imports of two types of Chinese steel entering the EU, calling the investigation methods "unfair." "Reckless trade protectionism and faulty practices that restrict fair market…
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Ukrainian Ferrexpo announces production decline in Q3In January-September of this year, Ferrexpo's iron ore pellet production fell 4 percent year on year to 8.32 million tonnes. Ferrexpo, which specializes in the production and export of Ukrainian iron ore pellets, reportedly announces production of 2.6 million tonnes in the third quarter of this…
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Coking coal prices skyrocketThe spot price for solid coking coal reached its highest level since May 2013. However, while coal prices are up more than 90 percent, analysts said they are expected to contract this year on a slowdown in China and easing supply problems. September in the international coal market was marked by…
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Putin and Erdogan agreed to build the Turkish StreamRussian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan agreed in Istanbul, on the first day of the World Energy Congress, to build two lines of the Turkish stream. This was announced after the meeting between Putin and Erdogan by the chairman of Gazprom Alexei Miller. He…
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Increased sales of Tata Steel during the current yearTata Steel said its sales rose 6.56 percent to 4.77 million tonnes in the first six months of the current fiscal year, up from 4.47 million tonnes sold in the same period last year. Sales for the quarter from July to September were 2.62 million tonnes, up 12.4 percent from 2.33 million tonnes in…
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EU sets import duties on cheap Chinese steelThe European Union has imposed temporary import duties on two types of steel from China to counter unjustifiably low prices. Responsibilities have been a line of defense against Chinese steel imports over the past two years. The European Commission is also investigating the alleged dumping of hot…
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Turkey and Russia want to conclude free trade agreementsWhile the US is preparing new sanctions against Russia and the EU is expected to join, Turkey is in talks with Moscow on a free trade agreement. A free trade agreement between Turkey and Russia could be signed at the end of 2017, Turkish Economy Minister Nihat Zeybekci said. He added that the…
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