Metallurgy news

• Iranian steel industry grows by 22% Industry, Mines and Trade Minister Mohammad Shariatmadari said steel production reached 22 percent growth in the current Iranian fiscal year (started on March 21, 2018). Speaking at a ceremony to expand the Saba Steel Company project in Isfahan province, he said, "The ministry has focused on... 12.07.2018  13:11

• U.S. Senate Rebuke Trump for Article 232 Tariffs The US Senate passed Bill 88-11, which asks President Donald Trump to increase the Senate’s role in discussing tariffs as part of national security standards, but the bill is seen largely as a symbolic measure. The bill is non-binding and must first be passed by the U.S. House of Representatives ... 12.07.2018  12:36

• Japan plans to increase steel output between July and September Japan's crude steel production is expected to rise 2.3 percent during July-September from the previous year amid strong local demand for cars, industrial machinery and construction, the country's industry ministry said on Monday. The Ministry of Economy, Trade and Industry (METI) estimates that... 12.07.2018  12:27

• US gold imports dropped significantly US gold imports in the first five months of this year fell by more than 6%. The data point to a marginal jump in the country's gold exports during the above period. Gold imports in January-May 18 were estimated at $ 4.29 billion in the first five months of 2018, down 6.1% from the same period a... 11.07.2018  12:07

• World stainless steel production increased by almost 10% Stainless steel production statistics released by the International Forum (ISSF) show a significant jump in global metal production during the first three months of 2018. Stainless steel output rose 9.5% year over year during the first quarter of this year. Over the previous quarter, production... 11.07.2018  11:30

• JSW Steel increases production of steel products India's private steel sector, represented by JSW Steel, is ramping up production of long steel products to meet demand for government-funded infrastructure projects. The company's steel sales increased 16% to 3.55 million tonnes in the 2017-18 fiscal year ended March 31 from 3.06 million tonnes in... 11.07.2018  11:09

• New interim EU tariffs due to take effect next week The European Commission has confirmed that member states, meeting last week to discuss possible new tariffs on steel imports, have provided "... overwhelming support" to the commission's plan. The new interim measures are due to take effect next week. They must include a 25% duty after the quota... 10.07.2018  09:55

• Production results of metallurgical enterprises of Ukraine for the first half of the year In June 2018, the mining and metallurgical industry of Ukraine smelted 1.63 million tons of pig iron and 1.67 million tons of steel. Pig iron production is 3% higher compared to May 2018, steel output was 2% lower. The output of rolled products decreased by 2% to 1.52 million tonnes. In the... 10.07.2018  09:42

• Job cuts to come at the largest platinum mine Impala Platinum Holdings Ltd., the world's second largest platinum producer, has already cut 2,500 jobs in the year to June and says there could be more cuts by the end of the year. Only 3 out of 10 mines in the aging mining complex have made money since March. Since then, the situation has only... 10.07.2018  09:28

• Rising coal prices boost Australia's export earnings A new commodity report released by the National Bank of Australia predicted an average coal price this year of US98 ($ 132.50) this year, up 12 percent from last year. Coal prices in Newcastle have risen more than 40 percent in a year, reaching their highest level in seven years, but the... 09.07.2018  11:16