Metallurgy news
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ArcelorMittal supplies steel to a French shipbuilding companyThe global steel giant ArcelorMittal has announced that it has supplied 35,000 tonnes of steel to the French cruise shipbuilding company STX France. This steel is intended for use in the construction of bridges and the first ship of MSC Cruises. The products are manufactured in ArcelorMittal…
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Humanitarian supplies of Russian wheat to Syria will negatively affect the world grain marketRussia's proposal to use its wheat stocks to supply Syria as aid could reduce international demand from the Middle East, which is estimated at more than 1 million tonnes this season. This could exacerbate market glut, which has already pushed prices to near 10-year lows, as bumper crops and exports…
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Oil falls after IEA reportOil fell on Tuesday after a series of gloomy forecasts for demand growth and stock availability. The International Energy Agency (IEA) says the sharp slowdown in global oil demand, coupled with global inventories, means the commodity market will be oversaturated for at least the first six months of…
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U.S. Completes Investigation On Import Of Chinese Stainless Steel Strip And SheetThe US Department of Commerce said it tentatively concluded that imports of stainless steel sheet and strip imported from China were dumped in the US market at below fair value. The department proposes to establish preliminary anti-dumping duties in the amount of 63.86 percent and 76.64 percent…
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PJSC "Zaporizhstal" stopped sintering machine No. 6 to connect new gas cleaning equipmentPJSC "Zaporizhstal" stopped sintering machine No. 6 for 45 days to connect new gas cleaning equipment. Thus, out of six sintering machines of the combine, new gas cleaning equipment has already been installed on 5 sintering machines. The plant's investments in the ecological modernization of the…
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Poland wants to become one of the main gas suppliers to UkraineThe Poles are interested in the construction of a border gas hub in order to carry out supplies to Ukraine. The possibility of gas transmission can be very beneficial for this country. Ukraine has to import about half of the consumed gas volume (the rest comes from its own production). Currently…
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Tata Steel invests in the NetherlandsAccording to the Dutch press, Tata Steel has invested hundreds of millions in the modernization of the Ijmeiden plants. There, among other things, a new line for the production of sheet metal for the automotive industry is to be built. Tata Steel plans to build factories that produce thinner and…
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Increased steel production in ChinaChina's steel production in August 2016 rose to about 3 percent, up 2.6 percent from July, the National Bureau of Statistics said. According to experts, this is good news for iron ore and coking coal producers. Chinese metallurgical plants receive 68.57 million tons of steel in August. For eight…
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Mexico extends import duties on steel plates from three countriesThe Mexican Ministry of Economy announced the extension of countervailing duties on imports of steel plate for Russia, Romania and Ukraine for more than five years. This period began on September 22, 2015. According to a previous resolution of the Mexican government, for imported steel from Russia…
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Investors don't want to invest in polluting industriesInternational investors eschew climate-damaging assets. Some players are explicitly saying that fossil fuels will no longer be seen as sustainable investments. € 800 billion SWF Norway bases its investments on ethical principles. The rules prohibit, among others, investing in companies that commit…
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