Metallurgy news
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Impact of Brexit on the steel marketThe UK steel sector exported 2.3 million tonnes of steel to the EU in 2017, accounting for about 30% of total production. While there is little risk that the EU and the UK will impose steel tariffs, the situation in the consumption sectors may be different, according to the EEF of UK producers…
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Diaphragm pumpThere are many types of classification of pumps in different categories. The classification of types according to the principle of operation classifies diaphragm pumps as positive displacement devices. Ample opportunities for use, simplicity of the scheme of work, energy efficiency, the possibility…
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North China province to cut iron and steel production by 14 million tonnes in 2019Hebei Province, China's main iron and steel production base, plans to cut its capacity by 14 million tonnes this year, its governor announced on Monday. Xu Qin made the announcement on Monday when he gave a presentation on the work of the government at the opening of the local legislative session…
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Steel production in India increased by 4.5%A recent report released by the Joint Plant Committee (JPC) under the Indian Ministry of Steel notes a moderate surge in finished steel production and consumption in the country during the first three quarters (April-December 2018) of the current fiscal year. According to the report, India's…
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Exports of ferrous metals through Ukrainian ports in 2018 increased by 7%In 2018, the export of ferrous metals through the seaports of Ukraine increased by 6.7% compared to the previous year to 15,040,000 tons. This is evidenced by the data of the Seaport Authority. In particular, the export of pig iron increased by 30.7% to 2,977,000 tons. Exports of rolled metal…
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Results of production of MMC of Ukraine for 2018There was an increase in production in December 2018 compared to November 2018. This is primarily due to the completion of capital and preventive maintenance of the main metallurgical equipment at a number of enterprises. In December 2018, the following was produced: 1.83 million tons of pig iron…
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EU members step up protective measures against steelThe final safeguard is proposing country-specific quotas for major exporting countries. The final measures will be implemented early next month. Meanwhile, as noted in the Commission, the temporary safeguards for 23 steel products, introduced in July last year, will remain in effect until February…
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Steel prices return to near "normal"The global steel market appears to be returning to normal price levels. 2018 has been a turbulent year for steel sales in all parts of the world, but prices in 2019 are expected to remain below their peaks recorded last year. Steel prices rose rapidly in North America in the first half of 2018…
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Chinese steelmakers' profits rise as capacity cutsChinese steelmakers saw profit growth during 2018, according to the industry association, as overcapacity in the sector shrank amid supply-side structural reform. China Metallurgical Association (CISA) data showed that the combined profit of its member businesses grew 63.54 percent year on year to…
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The Industrial Committee of Ukraine's BP approved an increase in the export duty for scrap metal to 58 euros per tonThe Committee on Industrial Policy and Entrepreneurship unanimously supported the new "metallurgical law" initiated by the RPL, which will eliminate the shortage of raw materials for metallurgical plants and save jobs by raising the export duty on scrap from 42 to 58 euros per ton for 3 years. This…
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