Metallurgy news
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Japanese metallurgists resist government pressure to raise wagesFewer than 20 percent of Japanese corporations have expressed support for Prime Minister Shinzo Abe's call in January for an increase in base salaries in the coming fiscal year. According to Reuters, this proves that Abenomics is still trying to gain traction. Companies such as Toyota Motor Corp…
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US Department of Commerce Opens Anti-Dumping Investigation Against Chinese Wire RodUS Commerce Department officials said Friday they have launched an anti-dumping investigation against wire rod from China. According to the US Department of Commerce, China has significantly lowered the price of this metal product. An investigation was launched on behalf of ArcelorMittal USA LLC…
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Anti-dumping duties imposed on Interpipe pipes in the USAThe US Department of Commerce has announced a preliminary decision on the anti-dumping investigation. According to the decree of the Ministry, a preliminary anti-dumping duty is set for the import of oil and gas pipes from Ukraine. Thus, starting February 18, Interpipe will supply pipes to the…
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Steel futures fell in China after disappointing PMISteel futures in China fell this week to their lowest level in a month. The Dalian Commodity Exchange, which features stainless steel letters , also cut iron ore futures after as a private survey pointed to weakness in the manufacturing sector, fueling concerns about the economic outlook for the…
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World steel production in January 2014 amounted to 130 million tonnesWorld Steel Association Worldsteel reported the results of the steel industry in 65 member countries in January 2014. According to the published data, world steel production remained at the level of the previous month and amounted to 129.783 million tons of steel, which is 0.4 percent less than in…
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The Ukrainian hryvnia will drop to 10 per dollarThe international rating agency Standard & Poor's announced today the pre-default state of the Ukrainian economy, downgrading Ukraine's sovereign rating by one point. The outlook is negative, the agency said. In addition, a significant foreign currency account deficit will provoke a drop in the…
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Majestic Steel USA charts ambitious growth plansHeadquartered in Cleveland, Ohio, Majestic Steel, a metalworking service center, is optimistic about its prospects in 2014 and is making plans for further development. He focuses on building a fruitful team. Allen Garrett, the new director of business development, said: "We are pleased to announce…
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Global gold demand declines 15 percent in 2013 -WGCAccording to the latest data from the World Gold Council (WGC) report, global demand for gold in 2013 fell by 15 percent. Nonetheless, the WGC expects gold consumption to be heading towards a recovery point, and such a crushing drop like last year will not happen again. According to the WGC, gold…
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India prepares for final round of fight against US over tariffs on its steelIndia has entered the final stage of litigation with the United States at the World Trade Organization (WTO) over the imposition of high import duties on its steel. Major Indian steelmakers such as Tata Steel, Jindal Steel and Essar Steel have lost their competitiveness in the US market due to…
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Lakshmi Mittal loves Ukrainians more than Rinat AkhmetovPJSC "ArcelorMittal Kryvyi Rih" is the leader in terms of average wages among enterprises of the mining and metallurgical complex of Ukraine. In 2013, the Ukrainian division of the largest metallurgical company in the world ArcelorMittal of the British businessman of Indian origin Lakshmi Mittal…
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