Metallurgy news

• Chinese steel and raw materials futures fall Chinese steel prices declined for the second straight session in a week as demand remained subdued, dropping the key metallurgical raw material iron ore by more than 3 percent. Steel demand has remained weak since the Lunar New Year holiday in late February and is likely to recover gradually... 06.03.2018  13:03

• Germany is concerned about the gas dispute between Russia and Ukraine The German government is concerned about the gas dispute between Ukraine and Russia. It is in the interests of the EU that these countries are “reliable partners” in terms of gas supplies, ”German government spokesman Steffen Seibert said on Monday. A spokesman for the German government stressed ... 05.03.2018  18:02

• Donald Trump is ready to lift duties on steel for Canada and Mexico on certain conditions US President Donald Trump said on Twitter that only the signing of a "new and fair" free trade agreement with Canada and Mexico (NAFTA) can guarantee the two countries will be exempted from import duties on steel and aluminum. “We have a large trade deficit with Mexico and Canada,” Trump twe... 05.03.2018  17:30

• Chinese PM on growth plans for 2018 Chinese Prime Minister Li Keqiang announced that the Chinese economy will continue to grow at about 6.5 percent in 2018. And announced the further opening of the market, reducing the burden of business and reducing overcapacity in some sectors. The head of government presented the goals for the... 05.03.2018  11:28

• Arcelo and Nippon Steel Join Bidding for Insolvent Essar The world's largest steelmaker ArcelorMittal and a top steelmaker in Japan will form a partnership to bid for Essar Steel India Ltd., an insolvent producer that could raise at least $ 6 billion. Arcelor and Nippon Steel & Sumitomo Metal Corp. said they have joined the bidding process for Essar,... 04.03.2018  11:13

• EU ready to mediate between Russia and Ukraine on gas supplies The European Commission is ready to provide mediation between Moscow and Kiev after the Russian concern "Gazprom" eased pressure on transit pipelines in Ukraine. "Gazprom" is forced to immediately begin, before the court of Stockholm, the procedure for terminating supply and transfer contracts... 03.03.2018  13:31

• IMF warns of implications of US tariffs on aluminum and steel The International Monetary Fund (IMF) warned on Friday that the imposition of duties on rolled steel and aluminum products announced by US President Donald Trump is likely to cause problems not only outside the United States, but also for the American economy. IMF spokesman Jerry Rice made a... 03.03.2018  13:20

• Iran records significant growth in steel production Iran's steel production increased significantly in January 2018, according to the latest figures from the World Steel Association. Iran produced 1.98 million tonnes of crude steel in January 2018, the association said in its latest monthly report. The figure shows an increase of 25.9 percent... 02.03.2018  09:32

• US will levy duties on imported steel and aluminum At a meeting with representatives of the American steel industry, President Donald Trump announced the imposition of a duty on imported steel and aluminum. “I want our steel and aluminum industries to regain their strength,” said the American president. The documents will be officially signed nex... 02.03.2018  09:24

• Steel sales up in emerging steel markets Rolled steel trading volumes were stronger than forecasted in the Russian Federation in the past month. The local distribution network has launched its procurement programs in anticipation of further price increases from domestic suppliers. Traditionally, the construction season begins in... 01.03.2018  10:44