Metallurgy news
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Major Asian countries publish scrap import and export statisticsThe latest statistics released by the Japanese Ministry of Finance (MOF) indicate that scrap metal exports declined significantly during July this year. Exports of Japanese scrap amounted to 647,000 tons in July this year, down 24.5% from the previous month and 13.7% year on year. South Korea…
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Steel production in India continues to growSteel production in India posted the largest growth in at least a year as producers increased capacity in anticipation of rising demand in Asia's third largest economy. Output in August climbed 12 percent to 8.24 million tonnes from a year earlier, the largest increase since August 2015, according…
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China faces new EU pressure to curb steel overproductionThe European Union calls on the industrialized countries of the world to put pressure on China to curb its overproduction of steel, which is becoming a major irritant in Europe's relations with the Asian country. Speaking at a press conference, European Commission President Jean-Claude Juncker said…
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Q4 can be challenging for the stainless steel sectorGlobal notes that "The fourth quarter will be challenging for all those active in stainless steel recycling." Higher commodity prices have improved the availability of stainless scrap in recent months, but a possible decline in nickel prices "will have a negative effect on the volume and…
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US Confirms Duties on Steel from Five Countries Excluding RussiaThe US International Trade Commission voted to lock down duties on imports of cold rolled flat products from Brazil, India, South Korea and the UK, noting that imports from Russia are not harmful. Earlier, the US Department of Commerce found that products from Brazil, India, South Korea and Russia…
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China reduced scrap imports by 20% in January-July 2016Data released by the Chinese customs authorities indicate that imports of ferrous scrap in the country fell sharply during the first seven months of this year. Imports during July 2016 decreased significantly compared to the previous month. According to customs data, imports totaled 165,414 metric…
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POSCO cuts tape at new factory in ThailandKorean steel giant POSCO Co opens its first automotive steel plate plant in Southeast Asia. The plant is expected to be able to offer high quality steel products for the automotive industry at the most affordable prices. The company began construction of a $ 300 million plant in September 2014. The…
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Russia has increased oil productionOil production in Russia in August-January increased by 1.9 percent compared to the same period last year. In total, Russia produced 361.2 million tons of raw materials during this period. In August, production was 45.3 million tonnes, which means that the pace of production growth slowed slightly…
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Lithuania provided Ukraine with 150 tons of ammunitionLithuania has provided 150 tons of ammunition for the Ukrainian government forces involved in the war against separatists in eastern Ukraine, said Lithuanian Defense Minister Juozas Olekas. It is one of the few NATO countries that have decided to provide Ukraine with a lethal weapon. Olekas said…
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EU wants to check points of transmission of gas from Russia to UkraineThe EU is asking Russia for permission to inspect the volume of gas introduced into Ukraine's transmission system. The problem lies in the dispute between Russia and Ukraine over the volume of gas supplied by Gazprom in the first half of this year, namely, the supply of 1.2 billion cubic meters of…
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