Metallurgy news
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US worries about its dependence on mineral suppliesA report from the United States Geological Survey (USGS) said that in 2015, the United States began to rely more on outside sources of metals and made less money from its mines. Concerns have been raised that for many years the United States has been overly dependent on other countries, namely rare…
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Serbia close to agreement on privatization of steel plant in SmederevoAn agreement with a Chinese investor on the privatization of Serbia's steel mill in Smederevo could be signed as early as April, says Bojan Bojkovic, a member of the supervisory board of the steel mill. “We intend to sign an agreement that will save not only the steel plant, but also the Serbian…
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India systematically reduces steel importsIn January, Indian steel imports fell for the third straight month as government measures cut off metal inflows amid a global oversupply. India has tightened its market protection against steel imports since June and raised rates on Friday due to the introduction of a minimum price for steel…
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US steel imports in January 2016 account for a quarter of the marketBased on the latest report from the Department of Commerce and Data Analysis (SIMA), import approvals obtained in January 2016 amounted to 2.696 million tonnes. This is a 2 percent increase from the 2.638 million tonnes of permits recorded in December last year, and an increase of 16 percent over…
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Bureau of International Recycling issues the February issue of Ferrous World MirrorThe entire range of commodities, from oil to scrap ferrous metals, experienced a huge contraction in demand in 2015, with the result that commodity prices fell to their lowest multi-year level. China's overproduction and exports have also had a negative impact on world markets. Demand for steel…
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Ukraine in March starts shipping to eastern countries bypassing RussiaUkraine plans to start full-fledged commercial operation of the Trans-Caspian international transport corridor from Europe through Azerbaijan and Kazakhstan to China in March 2016. The test train has already arrived in China on January 31, and will return to Ukraine by the end of February this…
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EU forces China to cut steel sectorThe EU has called on Beijing to cut excess capacity in the steel industry, promising new measures to support European producers facing a flood of Chinese imports. Cecilia Malmström, EU trade commissioner, said she would otherwise open three new anti-dumping investigations on steel goods from China…
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Turkish Stream is still interesting for AnkaraThe Turkish Stream gas pipeline project is in the interests of both Turkey and Russia, says Agnia Grigas, a researcher at the Atlantic Council in Turkey. “Energy consumption in Turkey is growing and Russia provides more than half of Turkey's gas imports. At the same time, naturally, Ankara is…
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China fights illegal mining and export of rare earth metalsChina is stepping up efforts to curb illegal mining and export of rare earth metals by establishing a system to authenticate the supply of growing materials used in modern electronics, defense industries and renewable energy sources. Analysts and other suppliers to the rare earths market say…
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Greece agrees on gas supplies from AzerbaijanGreece has resolved all the issues necessary to receive Azerbaijani gas through the Southern Gas Corridor, said Nikos Kotzias, Greek Foreign Minister, at a meeting with Azerbaijani Energy Minister Natiga Aliyev. Aliyev, in turn, said that the successful implementation of the Southern Gas Corridor…
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