Metallurgy news
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US Stainless Steelmakers Demand Reinstate AD Duties For Indian CompetitorsUS stainless steelmakers have demanded that two Indian stainless steelmakers, previously removed from their existing anti-dumping duty list, be reinstated with immediate effect as they resume their dumping into the US market. Carpenter Technology Corporation, a group of seven American stainless…
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Lukoil has developed a plan to invest in Iran's oil and gas industryLukoil is going to start implementing investment activities in Iran next year in order to get real products in at least 2-3 years. Lukoil plans to sign an agreement in the fall of 2017 on the Iranian fields Ab-Timur and El Mansuria. In addition, Iran is discussing with Lukoil the company's proposal…
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Global steel demand expected to recoverAccording to the Organization for Economic Cooperation and Development (OECD), market conditions in the steel industry have improved slightly since the beginning of this year. Between 2015 and 2017, a gradual recovery in overall global steel demand is expected. At the same time, there is an annual…
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Rusal predicts the dynamics of prices for aluminumDuring the Russian investment summit, Rusal stated that the price of aluminum will be stable next year, namely between $ 1,600 and $ 1,700 per tonne. The forecast is based on China's continued productivity control policy and global aluminum inventories have declined. Aluminum suppliers, especially…
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Scrap metal exports from Ukraine fell in the first eight months of 2016According to statistics from Ukraine, in January-August 2016, the country exported 233,378 tons of steel scrap, down 76.5% year on year. Exports generated US $ 40.99 million. At the same time, Ukraine did not export scrap metal in July and August, but exports in June amounted to 26,780 tons of…
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Zaporzhstal improves the living conditions of workersIn accordance with the principles of corporate social responsibility of the Metinvest Group, Zaporzhstal in 2016 will allocate UAH 3.8 million to improve the living conditions of workers. Within the framework of the comprehensive program "Working Life", which has been implemented at the enterprise…
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OPEC agreed to cut oil productionDuring a meeting in the capital of Algeria, OPEC reached an agreement for the first time in eight years to cut raw materials production. The daily production limit should be limited to 32.5 million barrels, which is 750 thousand. barrels less than in August. This decision is by prior arrangement…
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Severstal partners with belgians to process coal tarSeverstal and the Belgian Rutgers Group will jointly process coal tar. The new plant should be more efficient and less burdensome for the environment than the existing ones. Severstal and the Rutgers Group will establish Rutgers Severstar, which will build a new plant in Cherepovets to process coal…
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Philippines qualifies mines for environmental protectionThe Philippines is the world's largest supplier of nickel ore. Since July 1, the government has launched an environmental review, which has resulted in the Philippines closing 10 mines, including 8 nickel mines, pushing the global nickel price higher. This was announced by the Philippine Department…
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Thailand introduces anti-dumping tax on stainless pipe imports from four countriesThailand's Ministry of Commerce has announced an anti-dumping tax on imports of stainless steel pipes from China, Korea, Taiwan and Vietnam. Tax rates range from 2.38% to 310.74% and are intended for a period of five years. The tax is effective immediately from September 2016. Thailand imposed…
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