Metallurgy news

• Interpipe invested $ 8 million in the construction of a pipe finishing line The Ukrainian industrial company INTERPIPE has begun pilot operation of a new line for finishing pipes at the INTERPIPE NIKO TUBE plant in Nikopol (Dnepropetrovsk region). $ 8 million was invested in its creation. The additional capacity will increase production of line pipes for export markets and... 03.07.2018  18:59

• Steel prices are falling in China China's steel and iron ore futures fell on Monday after data showed a slowdown in factory growth in China last month and before expiration this week as the United States is set to impose tariffs on Chinese exports of $ 34 billion. ... Signs of a slowdown in the Chinese economy and risks from... 03.07.2018  10:44

• Scrap metal supplies to Turkey from Russia and Canada are growing amid a general drop in imports Scrap imports fell 21% year-on-year to 1.65 million tonnes in May, according to the Turkish Statistical Institute (TUIK). Its average cost was $ 365.5 per tonne against $ 281 per tonne last year. Almost 99%, or 1.64 million tons in May of imports were obsolete scrap metal. The main supplier of... 03.07.2018  10:37

• Russia sues over US tariffs on steel and aluminum products Russia has filed with the World Trade Organization against US duties on aluminum and steel imports, Russian Economy Minister Maxim Oreshkin said in a statement. US President Donald Trump imposed tariffs in March, charging 25 percent for steel imports and 10 percent for aluminum. He said they are... 03.07.2018  10:24

• Thyssenkrupp Shareholders Demand Further Restructuring Following JV With Tata Steel Thyssenkrupp's main shareholder, Cevian, called for further restructuring of the German conglomerate on Sunday, a day after the joint venture with India's Tata Steel was formed. Active investor Cevian is Thyssenkrupp's second-largest shareholder and, like Elliott's shareholder, has criticized... 02.07.2018  12:12

• EU Tariffs for US Goods Come into Force In late June, the European Commission confirmed that the measures previously announced in response to US steel and aluminum tariffs were to take effect Friday. The EU will apply an additional duty (up to 25%) on imports of American products, including rolled steel, aluminum and agricultural... 02.07.2018  12:01

• Steel prices in the US hold at a ten-year high The impact of 25 percent tariffs on steel imports to the United States has been significantly eroded by rising domestic prices. It is clear that such a situation was not expected at the beginning of the initiative. Since the beginning of the year, the average selling price of rolled steel in... 01.07.2018  11:23

• Canadian government supports metallurgy amid US tariffs Justin Trudeau's government is once again providing an aid package for sectors affected by American protectionism. The total cost of the aid is nearly C $ 3 billion. The steel and aluminum package included both training aids for unemployed workers, support for endangered jobs, and measures to... 30.06.2018  13:29

• Results of rolled metal production in Ukraine for 5 months During the first five months of 2018, the country's metallurgical enterprises produced 7.72 million tons of rolled metal, which is 5% higher compared to the same period last year, of which 6.43 million tons were exported, which is 83.2% of the total. The export level remained the same compared to... 30.06.2018  12:53

• Steel mills in Southeast Asia add capacity Steelmakers in Southeast Asia are rapidly adding primary and secondary capacity amid rapidly growing domestic demand, especially for construction steel. Countries such as Indonesia, the Philippines, Malaysia and Vietnam are building additional rebar and wire rod capacity to meet growing demand... 29.06.2018  14:35