Metallurgy news
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MEPS: the steel market is waiting for a correctionMEPS International expects a price correction in Europe in the fall, which should contribute to an increase in the number and attractiveness of offers of steel products imported from outside the European Union. Manufacturers are hoping, however, that the recently introduced anti-dumping measures…
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Turkey's troubles could cut off Europe from oil regionsThe current rift between the EU and Turkey will also have implications for energy policy. The EU will gradually be isolated from the oil-rich regions. Turkey wants to act as a liaison between EU markets and the energy-rich regions of Central Asia, the Caucasus and the Middle East. If Turkey were a…
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Import of Russian coal to Poland is growing againRecently, Polish heating plants have chosen to supply coal from Russia because it is cheaper than local raw materials. Official figures provided last week show that between January and May 2016, 3.1 million tons of foreign-origin coal were imported to Poland, while a year ago in the same period…
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German consortium will build high-speed railways in RussiaThe consortium German Initiative, which forms Siemens, Deutsche Bank, Deutsche Bahn and several other companies, as reported by the Council of Russian Railways (RZD), has expressed a desire to join the project for the design of high-speed railways Moscow-Kazan. It is important to note that the…
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Steel production decreased in the American continent in the first half of 2016According to the latest figures released by the World Steel Association, South American crude steel yields dropped significantly during June from the previous year. Total monthly output fell 13.7% to 3.302 million tonnes. Steel production in the North also declined during the month. Argentina's…
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Iran condemned the terrorist attack in MunichIran has expressed outrage over the fact that an 18-year-old native of Iran committed a terrorist attack on the eve in Munich. The Iranian Foreign Ministry spokesman condemned the killing of innocent people and called on the international community to take joint measures to combat terrorism. On…
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Zinc production dropped significantlyThe latest statistics published by the International Lead and Zinc Study Group (IGISC) indicate that the global refined zinc market is experiencing a deficit of 64,000 tonnes in the first five months of this year. Total zinc reserves during this period decreased by 24,000 tons. Global demand for…
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BMZ improved performance in the second quarter of 2016During the second quarter of 2016, BMZ significantly increased production compared to the previous quarter. The overall growth was 129.1 percent. At the same time, the production of rolled products increased by 124.3 percent, pipes by 145.7 percent, metalware by 121.6 percent. The volume of…
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Posco increased its profits by 87% in the second quarterSouth Korea's largest steelmaker Posco is making good second-quarter profits, thanks to a rebound in its overseas steel business and an increase in sales of premium steel products. The company said its net profit for the April-June period rose 87.8 percent to 220.5 billion won ($ 193.9 million)…
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US plans to maintain anti-dumping duty on pipe fittingsThe US government has decided that it will support existing anti-dumping duties on pipeline valve orders from China, Brazil, Japan and Thailand. The US International Trade Commission (ITC) in its final ruling said that the elimination of the current anti-dumping and countervailing duties on orders…
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