Metallurgy news

• Stocks of rolled metal in China at the lowest level since January Inventories of steel products in China's warehouses fell to their lowest level in five months as strong demand from the construction sector since the end of April reduced traders' inventories. Steel stocks in 20 major cities stood at 9.66 million tonnes at the end of June, down 15.1% from the... 29.06.2018  14:28

• Egypt received four bids for the construction of metallurgical plants The Egyptian Industrial Development Authority (IDA) has received four applications for new licenses for steel plants. Among them is an Arab company that currently does not produce steel in Egypt. Several Egyptian press reports earlier this month suggested that one of the applicants is Emirates... 17.06.2018  12:35

• India to start a period of strong steel demand in 2018 Steel demand has increased several times in India in recent months. According to the April and May report, total steel consumption is 8.5% higher than last year. The strength of domestic demand means that even as steel production rose 6.1%, exports fell as producers found buyers at home. Rolled... 17.06.2018  12:29

• Prospects for overcoming the trade crisis between Europe and the United States Such bad relations between the United States and the European Union have not existed for more than a few decades. After the US withdrew from the climate agreements, the withdrawal from the agreement with Iran, the G7 summit in Charlevoix was another blow to the EU. In a situation of such... 14.06.2018  12:14

• Brazil changes gas production laws to stimulate investment Changes to Brazilian mining regulations, including securing exploration ownership and providing incentives for lending, will spur investment in the Brazilian mining industry, Brazilian mining institute Ibrahm said. The terms "can restore the necessary legal security for long-term business," the... 14.06.2018  12:05

• Ilva registration for ArcelorMittal may be questionable The deadline for completing the sale of Ilva to ArcelorMittal may be delayed by a maximum of 90 days from the previous date set for early July. ArcelorMittal is expected to take control of Ilva in early July, under an existing contract signed with the Italian authorities when the group's bid in... 13.06.2018  13:10

• Baosteel Raises Flat Steel Prices In July China's Baosteel will raise steel prices in July by 100 yuan /mt ($ 16 per tonne), the steelmaker said late Monday. It will also drive up prices for low carbon CQ grade cold rolled sheets and coils. For the same grades of hot dipped galvanized steel coils, prices will increase by RMB 50... 13.06.2018  13:01

• U.S. Senators Propose Tariff Bill Based on Section 232 The recently introduced bill (S. 3013) will give legislators the final say on the introduction of tariffs under Article 232. The Trump administration imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, arguing that the levy was necessary for national... 13.06.2018  12:45

• Trump and Kim - historic meeting in Singapore Donald Trump, summing up the results of negotiations with the leader of North Korea Kim Jong-un, told reporters: "The meeting was 'very good', we have 'perfect relationship' ... I think it is better than anyone could have expected." During the private conversation, the leaders were accompanied... 12.06.2018  12:36

• Indonesia applies anti-dumping duties on coated steel products The Indonesian Anti-Dumping Committee (KADI) announced the application of anti-dumping measures on the import of coated sheet metal from Vietnam and China. KADI determined that imports of steel sheets from Vietnam dropped into the country at low prices ranged from 12.01% to 28.49% of the... 12.06.2018  12:04