Metallurgy news

• EU tries to force UK to charge VAT on metals and commodities trade Action by the European Commission to have Britain levy value added tax on trading platforms such as ICE Futures Europe, London Platinum and Palladium Market (LPPM) and London Metal Exchange (LME). The Commission has been reviewing a zero-rate VAT on derivatives trading in the UK for several... 07.02.2019  10:03

• Steelworkers strike in Germany About 1,400 workers in the North Rhine-Westphalia steel industry took part in a warning strike on Tuesday with the announcement of the next strike, which will be followed by further protests, said the German metallurgical union IG Metall. Work was interrupted at nine metallurgical plants owned... 07.02.2019  09:27

• In Russia, prices for iron ore pellets increased in Severstal Russian mining and metals group Severstal said iron ore pellet prices rose in the fourth quarter and production fell to 2.94 million tons from 3.3 million tons a year earlier. Severstal iron ore pellet sales averaged $ 101 /t in the fourth quarter, up from $ 73 /t in the fourth quarter of 2017... 07.02.2019  09:17

• Merkel pledges support for 2038 coal phase-out deadline German Chancellor Angela Merkel said on Tuesday that her country will stop producing electricity from coal by 2038, showing its support within the timeframe recommended by a government-appointed commission. The so-called coal commission said last month that Germany must close all of its... 06.02.2019  10:43

• World Steel Association highlights major industry challenges The World Steel Association (worldsteel) has highlighted two key issues that the global steel industry may need to address in the near future. In his message, Edwin Basson, CEO of Worldsteel, identified climate change and cyclical manufacturing as two major areas in which the metals industry can... 06.02.2019  10:35

• Brexit will lead to loss of 5 percent of revenues for the UK metallurgy The unfavorable Brexit conditions will lead to complications for the British steel industry, causing losses in excess of £ 70 million a year. Exports and imports of rolled metal will be disrupted due to "additional administration, costs and delays at the border." In 2018, the UK exported £ 1.8 b... 05.02.2019  19:58

• EU sheet metal shipments down 3% in 2018 The Eurometal Federation reported this week that European distributors of flat steel products in 2018 reduced their shipments to consumers by 3.1%. “Shipments declined mainly in the second half of 2018 due to growing uncertainty about the European auto industry and related supplier sectors,” sai... 05.02.2019  15:23

• ArcelorMittal Kryvyi Rih informed the public about its intention to obtain emission permits from metallurgical production and mine administration ArcelorMittal Kryvyi Rih held public hearings on its intention to obtain a permit for emissions into the atmosphere from stationary sources of the industrial site No. 1 of the Metallurgical Plant and the Mine Directorate for underground ore mining. The hearings were held with the participation of... 05.02.2019  11:29

• African steel production up 7% in 2018 The World Steel Association (worldsteel) has released global crude steel production statistics for December and all of 2018. According to this data, the African region reported an almost 7% increase in production throughout the year, even though its production fell by almost 6% in December... 05.02.2019  10:06

• American steel industry welcomes new presidential order The American steel industry has welcomed the President's new Buy American, Hire American Order to increase manufacturing and jobs, signed by President Donald Trump, which will provide a much-needed boost to the country's steel industry and ensure its competitiveness in the coming years. Thomas... 05.02.2019  09:38