Metallurgy news

• Job cuts to come at the largest platinum mine Impala Platinum Holdings Ltd., the world's second largest platinum producer, has already cut 2,500 jobs in the year to June and says there could be more cuts by the end of the year. Only 3 out of 10 mines in the aging mining complex have made money since March. Since then, the situation has only... 10.07.2018  09:28

• Rising coal prices boost Australia's export earnings A new commodity report released by the National Bank of Australia predicted an average coal price this year of US98 ($ 132.50) this year, up 12 percent from last year. Coal prices in Newcastle have risen more than 40 percent in a year, reaching their highest level in seven years, but the... 09.07.2018  11:16

• Turkey's steel production rises in the first 5 months of 2018 Turkey's steel production in the first five months of this year rose 4.3 percent to 15.9 million tonnes, the Turkish Steel Producers Association (TCUD) said on Saturday. In May, Turkey's steel production rose 0.5 percent year-on-year to 3.3 million tonnes. Turkish steel exports fell 3.9... 09.07.2018  11:06

• Metals Markets Prepare for New Global Disorder Donald Trump's attempts to rebalance global trade have already plunged the metals world into chaos. As countries react to US tariffs and sanctions, unrest will escalate. The next steps may be more dramatic, as the US and China are engaged in a trade battle that could involve hundreds of billions in... 08.07.2018  13:28

• Trouble at the largest steel mill in Poland The technical condition of blast furnace No. 3 at the Arcelor Mittal Poland metallurgical plant in D Домbrowa threatens the health and lives of employees. Since tragedies may continue in the future, trade unions are sounding the alarm. According to the company, there is no threat and union ac... 07.07.2018  09:57

• Mechel extends contract for the supply of Baosteel coal in China until 2019 Mechel, one of the leading Russian mining and metals companies, announces the extension of its cooperation agreement with Baosteel Resources, which is part of China's largest steel company, China Baowu Steel. The agreement marks a long-term reliable cooperation between the two parties based on... 06.07.2018  14:03

• EU restricts steel imports EU countries supported the introduction of measures to restrict steel imports, having voted on Thursday to introduce temporary measures to restrict steel imports proposed by the European Commission to the Community, EU spokesman Daniel Rosario said. “Now the task of the Commission will be to c... 06.07.2018  13:58

• Trade trend between China and the United States The result of serious research into US steelmaking should encourage Chinese companies to use the US legal system to resolve disputes. This is the appraisal of one attorney from Beijing at a US law firm that helped successfully defend Chinese steel companies under investigation by the US Trade... 05.07.2018  10:32

• Imported steel in the US is still doing well The introduction of 25 percent tariffs on steel imported into the United States pushed local producers to increase prices. They have grown so much that, despite the tariffs, American steel is again more expensive than imported steel. According to MEPS International, flat steel prices in the... 05.07.2018  09:59

• Metinvest Receives Gold for Innovation at SAP Quality Awards 2018 Metinvest Group became the gold medalist of the SAP Quality Awards 2018 for the best innovative project among the countries of Central and Eastern Europe. The SAP Quality Awards is an international competition for the title of the best project of the year, which has been held by SAP, a German... 04.07.2018  12:38