Metallurgy news

• Scrap metal deficit in the domestic market in April amounted to 12% of the demand In April 2016, according to the Metallurgprom Association, the deficit of ferrous scrap in Ukraine amounted to 34 thousand tons, or 12% of the demand of metallurgists in this raw material. Against the background of the scrap deficit, imports of Russian hot briquetted iron (HBI) increased by 9.6... 19.05.2016  15:17

• IMF is pleased with the new government of Ukraine Five weeks after the change of government in Ukraine, the International Monetary Fund (IMF) agreed in principle to a long-held loan for the country. A preliminary agreement has been reached with Kiev on the allocation of $ 1.7 billion (€ 1.5 billion), the fund said in Washington on Wednesday. A... 19.05.2016  10:35

• China supports tax incentives for exporters The Chinese government says the current rise in steel prices is a temporary trend that does not fix the problems of the Chinese steel industry and has decided to continue to support tax breaks for steel exporters. Therefore, the influx of cheap steel from China will not disappear. The Chinese... 19.05.2016  10:16

• Vietnam's steel imports rise 44 percent in April Vietnam raised its imports of steel products 44.3 percent year on year to 1.59 million tons in April, according to data released by Vietnam customs. China remains Vietnam's largest supplier of steel products, accounting for 54.2 percent of Vietnam's total steel imports for the month. Other... 18.05.2016  10:42

• 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