Metallurgy news
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With the closure of the Redcar steel plant, the seaport may close in TeessideThe crisis in Teesside in the northeast of Great Britain, which erupted after the closure of the country's largest metallurgical plant, Redcar, may take on new dimensions. Today it became known about the upcoming layoffs at the Teesport commercial seaport. Port owner PD Ports announced that it…
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China frustrated with WTO membership protecting exclusively Western companiesOn October 14, China lost the right to appeal in a dispute with Japan and the European Union, in which Western countries complained about the PRC's use of anti-dumping duties on stainless steel pipes. Thus, according to Reuters, the appellate body of the World Trade Organization sided with Japanese…
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Indian government is considering increasing import duties on stainless steel to 57 percentThe Indian authorities intend to increase import duties on steel from China, Korea, the European Union, South Africa, Thailand and the United States to 57.39 percent of the customs value and extend them for another 5 years to protect the domestic market from unfair imports. This is stated in the…
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Reuters: China's economy will grow by 6.8 percent in the third quarterOctober 14, Washington. Economic growth in China, according to analysts surveyed by Reuters, will slow in the third quarter to its lowest level since 2009 at 6.8 percent. The agency recalled that in the first quarter of 2009, during the height of the economic crisis caused by the bankruptcy of the…
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Ukraine increased export of scrap metal by 54 percentIn January - September 2015, Ukrainian scrap collectors exported 1 million 81 thousand 346 tons of ferrous scrap, which is 54.3 percent higher than the corresponding figure for the same period last year (APPG). This follows from the data published on Tuesday by the customs service of Ukraine. In…
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Ukrainian "oligarch" Kurchenko, who fled to Russia, cut off gas supplies to the DPRThe authorities of the self-proclaimed Donetsk People's Republic (DPR) have launched a new investigation against the structures and companies of the Ukrainian "oligarch" Sergei Kurchenko, who deliberately sabotages the supply of natural gas to the DPR. This was reported by the Donetsk News Agency…
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Kiev should not have allowed flights over the war zone in eastern Ukraine - the commission's findingsFlight MH-17 crashed as a result of the detonation of a Buk missile warhead on the left side. As a result, the plane collapsed in the air. This is stated in the final report on the circumstances of the crash of the Boeing 777 of the Malaysian airline Malaysia Airlines in eastern Ukraine prepared by…
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U.S. Steel Production Drops 1.3 Percent In First Week Of OctoberUS steel production in early October continued to decline after a slight increase in August. According to the American Steel Institute AISI, during the week ended October 10, 2015, steel production in the states was 1.705 million tons using metallurgical capacity at 71.3 percent. Compared to the…
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Industry Canada Warns of Potential Lawsuit Against US Steel CanadaIndustry Canada has warned that the federal government will sue US Steel Canada if the company fails to meet its obligations to retirees. “It is unacceptable that US Steel Canada is abandoning these workers and their families,” James Moore said in a statement released Monday. “These commitments…
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Worldsteel expects a 27 percent drop in steel consumption in UkraineThe World Metallurgical Association Worldsteel predicts a reduction in steel consumption in Ukraine by the end of 2015 by 27 percent to 3.1 million tons, with an increase of 9 percent in 2016 to 3.4 percent. This was announced during the 49th annual conference, held in Chicago on October 11-13, by…
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