Metallurgy news

• US imposes high penalties on steel imports from China The US government is taking action against Chinese cold rolled steel producers by charging a customs duty of 266 percent. The European steel industry is still waiting for similar actions from the EU. The United States has imposed high penalties on imports of some steels from China. The Commerce... 18.05.2016  10:11

• Construction of the Trans-Adriatic pipeline begins in Greece The TAP (Tranasadriatic) gas pipeline laying ceremony was held in Thessaloniki with the participation of high-ranking officials from Greece, Azerbaijan, Georgia and Bulgaria. The TAP project is part of the Southern Gas Corridor, designed to deliver Azerbaijani gas to Europe, along with such gas... 18.05.2016  09:55

• Nippon Steel price rise could be a turning point Nippon Steel & Sumitomo Metal will raise prices for steel sheet used to make building materials and car parts by about 20 percent, the company said. This is the company's first jump in prices in nearly three years. Prices will increase starting in June for the three main types of steel sheets -... 17.05.2016  09:31

• China increased steel production in April China produced 69.42 million tonnes of steel in April, up 0.5 percent on an annualized basis, the Bureau of Statistics said. Factories are looking to take advantage of higher profit margins. At the same time, the volume of production in April is slightly below the record 70.65 million tons of... 17.05.2016  09:14

• Mechel's steel and pig iron production increased in 2015 Russian Mechel announced that the company produced 1.01 million tonnes of steel in the fourth quarter of 2015, decreasing output by 1 percent from a month earlier. Pig iron production amounted to 1 million tons, which is 1 percent lower than the output of the previous month. In 2015, Mechel's... 17.05.2016  09:06

• EU launches new investigation into Chinese steel subsidies The European Commission has launched a new investigation into subsidies for some export steel products supplied by China to the European Union, highlighting the bloc's intensified efforts to protect its struggling steel industry from unfair trade practices. The commission's investigation is to... 16.05.2016  12:02

• Russia is actively involved in energy projects in Iran Russian companies are focused on solving the problems of Iran's energy sector, as the country is now open to international cooperation. Gazprom is planning a meeting in Iran soon to discuss, among other things, cooperation on Iranian gas projects, as well as R&D programs, a spokesman for the... 16.05.2016  11:45

• Iron ore is falling - what lies ahead Key supply and demand stimuli for iron ore appear to be weakening, seeking to balance amid fears of rising steel supplies. In addition, Chinese stock market regulators have announced major steps to discourage speculative trading in steel products. Steel and iron ore prices fell late last week,... 16.05.2016  09:29

• Gas export from Israel to Europe is possible in four years The export of Israeli gas to Europe through Turkey can be carried out no earlier than in four years, as stated by the Israeli consul in Turkey. According to him, Israel has a real potential to supply its natural gas to European consumers. The consul also clarified that for the supply of Israeli... 13.05.2016  10:17

• Severstal Distribution increased sales by almost one fifth In the first quarter of 2016, the Severstal Distribution group of companies increased sales to 350 thousand tons, compared to the same period last year by 18 percent. The distribution network from January to March 2016 sold 14 percent of the total volume of the Severstal Russian Steel... 13.05.2016  10:02