Metallurgy news

• Indonesia steel production targets 5% growth in 2017 Indonesia's Ministry of Industry is convinced that Indonesia's steel industry will grow this year, in line with estimates of accelerating macroeconomic growth. Indonesia's domestic steel demand was 12 million tonnes last year, driven by infrastructure and construction projects. However, domestic... 31.05.2017  10:41

• South Korea to shut down 8 coal-fired power plants South Korea will halt operations at eight of the country's old coal-fired power plants during June as part of air pollution control measures, the Ministry of Energy said. South Korea's new president, Moon Jae, earlier this month announced plans to temporarily close operations at 10 coal-fired... 31.05.2017  10:20

• USA imposes import duties on plates from Taiwan and other countries The United States State Department of Commerce announced anti-dumping duties on imports of carbon steel plate from Taiwan and eight other countries. Among these, the anti-dumping duty for China Steel Corporation increased to 75.42%; while for other manufacturers the rates were 39.52%, and for... 30.05.2017  10:30

• Iron ore lost 40% in 3 months The price of iron ore with a content of 62% iron fell 3.87% to $ 57.91, leaving it at its lowest level since October 14 last year. However, the price of lower grade iron ore actually increased. Thus, the price from 58% grade increased by 1.9% to $ 39.75 per ton, although this only partially... 30.05.2017  10:17

• Zaporizhzhia opens the Environmental Forum An ecological event of an international level and scale will take place in Zaporozhye. From May 30 to June 1, a specialized international Zaporizhzhya ecological forum "Eco Forum - 2017" will be held at the exhibition center "Kozak-palace" Hundreds of experts, specialists and scientists,... 29.05.2017  11:47

• SteelAsia enters into deals with two Russian firms SteelAsia Manufacturing Corp., a leading steel company in the Philippines and the largest manufacturer of rebar in Southeast Asia, has closed deals with two leading Russian companies to sustainably supply billets and transfer skills and technology. SteelAsia and Evraz have signed a $ 250 million... 29.05.2017  10:38

• Confrontation between Trump and Merkel over the climate change agreement US President Donald Trump has already informed the closest and most reliable employees that he intends to withdraw from the Paris Agreement on the prevention of climate change, signed in December 2015. While German Chancellor Angela Merkel said on Saturday after the G7 summit in Sicily that she... 29.05.2017  10:18

• Scrap metal consumption is growing According to the Bureau of International Recycling (BIR), global scrap consumption in 2016 was about 560 million tonnes, up 0.9% from the previous year. At the same time, myrrh steel production increased by 0.9% to 1.63 billion tonnes in 2016, and the use of scrap metal increased to 34.36%... 29.05.2017  09:56

• Trump calls for more defense spending US President Donald Trump and German Chancellor Angela Merkel spoke during the opening ceremony for the alliance's new headquarters. Trump stressed that "over the past eight years, the US has spent more on defense than all other NATO countries combined." “If all NATO countries last year, a... 27.05.2017  10:21

• Copper expects a deficit by the end of the year The Chilean Copper Commission (Cochilco) forecast, based on the opinion of 14 experts, suggests that the international average copper price will be at $ 2.50 ~ 2.75 /lb in 2017. Among 14 experts, 11 experts predicted that the copper market will be in deficit this year at an average of 151,000... 26.05.2017  11:44