Metallurgy news

• Iron ore in full-scale retreat China's iron ore futures fell 8 percent on Thursday, their biggest one-day fall in more than five months, amid fears that demand for raw materials is threatened by slower steel consumption. At the Shanghai Stock Exchange, rebar fell more than 6 percent, as did coking coal, another steelmaking... 05.05.2017  12:52

• US urges UK to jointly oppose aluminum subsidies Representatives of the US aluminum industry on Wednesday sent a letter to British Prime Minister Theresa May, in which they called on the European Aluminum Association to actively protect the domestic aluminum industry from Chinese subsidies. An industry group claims that China is unfairly... 04.05.2017  10:28

• EVRAZ receives order for the supply of pipes for the Trans Mountain gas pipeline project In November 2016, the Canadian government approved Kinder Morgan Canada's plan to expand the existing Trans Mountain Pipeline system between Edmonton, Alberta and Burnaby, British Columbia. For the construction of the Trans Mountain pipeline, an agreement was reached with EVRAZ North America for... 04.05.2017  10:11

• Outokumpu stainless steel skyscraper to be built in China Outokumpu's 1,000 tonnes of stainless steel will go to build China Resources' state-of-the-art headquarters. Stainless steel will be used for innovative skyscraper construction. Located in the picturesque Pearl River Delta in Shenzhen, the skyscraper will consist of 71 floors, of which 5 are... 04.05.2017  09:43

• Zaporizhstal significantly improved production indicators in April In April 2017, PJSC Zaporizhstal recorded an increase in pig iron production by 4%, steel - by 5.4% compared to the same period in 2016. В April 2017, 279.6 thousand tons of pig iron, 317.3 thousand tons of steel, 265.8 thousand tons of rolled products were produced. From January to March ... 03.05.2017  11:19

• Mexico updates tariffs on imports of heavy plate from Russia The Mexican Ministry of Economy will reintroduce a 29.3% anti-dumping tax on Russian steel imports within five years. Customs product codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03. The petition was submitted to the Mexican metallurgical company Ternium and AHMSA. This is the first time... 03.05.2017  10:07

• Vale Forecasts Average Iron Ore Price Improvement This Year Peter Poppinga, CEO of mining giant Vale, expects the average iron ore price to be higher this year than the previous year, at US $ 70 per tonne. The CEO said Chinese steel demand will grow 3% this year, which could support steel product prices. He also noted that less iron ore will be... 03.05.2017  09:46

• China's stainless steel exports rise in March China in March this year increased its stainless steel exports to 347,000 tons, up 54.9% over the previous month and 3.3% over the same period in 2016. Although, in general, the export of carbon steel from China continues the downward trend. Among the main types of stainless steel: exports of... 03.05.2017  09:33

• New aluminum plant to be built in Kentucky Braidy Industries, a US-based Delaware-based holding company, has announced a $ 1.3 billion investment to build an aluminum smelter on the south coast in Greenup, Kentucky. The fully integrated aluminum rolling mill is expected to be the most technically advanced production facility in the United... 28.04.2017  11:35

• The last uranium mine in Europe closed On Thursday, production ended at a uranium mine in the Czech Republic. It was the only functioning uranium mine in the Czech Republic and Europe after 2000 The Rožná-OLSI field was discovered in the mid-50s of last year. Production began in 1957. Up to 5,000 workers worked here. Later, e... 28.04.2017  11:15