Metallurgy news
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EU Parliament considered customs tariffs for UkraineThe European Parliament has supported plans to reduce customs duties for Ukrainian exporters. The unilateral measure is intended to increase the viability of the Ukrainian economy by saving on customs duties of its producers and exporters. Approximately 98 percent of customs duties on Ukrainian…
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Russian scrap exports in January increased compared to the same month a year agoAccording to Russian trade statistics provided in Tokyo, Russia's ferrous scrap exports totaled 248,000 tonnes in January 2014, an increase of 24.2 percent over the same month last year. However, in line with the global trend, exports declined 46.3 percent from the previous month, marking their…
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SSI UK expects to make a profit for the first time in 2014The UK's second largest steelmaker, SSI UK, expects to make its first profit this year and add much-needed jobs in the North East of England, but its future is not safe. Sahaviriya Steel Industries (SSI), recorded a net loss last year, with SSI UK has been a major drag on its parent company…
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Ukrainian market for galvanized steel expects growth of 6.5 percent per yearSpeaking at the IX International Conference "Galvanized and Painted Rolled Products: Development Trends in Production and Consumption", Managing Director of the Ukrainian Center for Steel Construction (USSC) Roman Kurashev noted that in the next few years a positive trend of increase in consumption…
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USA confirms AD duties on Japanese nickel-plated steelThe US Department of Commerce has confirmed duties on some steel products from Japan after complaints that imports of nickel-plated flat products were being sold at unfairly low prices in the United States. The world's second largest steelmaker, Nippon Steel and Sumitomo Metal Corporation, will…
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NATO should send troops to Ukraine, says Czech PresidentThe West must take drastic measures, including sending NATO forces to Ukraine if Russia tries to annex the eastern part of the country, Czech President Milos Zeman said on Sunday. "If Russia decides to expand its territorial expansion in the eastern part of Ukraine, then it's time to end it," Zeman…
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Ukrainian prime minister outlines problems for the economyLack of investment, high inflation and complication of economic cooperation with Russia are the main problems for the Ukrainian economy this year, Prime Minister Arseniy Yatsenyuk said here. "Economic forecasts for this year are disappointing given double-digit inflation expectations and forecasts…
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Pakistan's metallurgy groping in the darkControversial government policy towards sick Pakistan Steel Mills (PSM) complicates financial and operational problems as production is virtually nil. While the government has not decided whether to privatize or restructure the sector, the gap between domestic steel demand and supply continues to…
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Scrap metal market in Italy in the first months of 2014India, China, Bangladesh, Turkey and Pakistan are among the top five countries using 95 percent of total scrap and ship scrap. India maintains its lead in tonnage and volume units, although some decline is noticeable. Deliveries during 2013, coupled with an outlined decline in activity, kept…
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Growing zinc deficiency will drive pricesSeveral large mines closed last year and zinc production at Vedanta Resources' Lisheen mine in Ireland is in decline, and MMG's Century mine is expected to stop in 2015. At the same time, only a handful of new zinc projects remain, fueling production to replace this yield loss. Data compiled by an…
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