Metallurgy news

• Prices for rolled metal are growing in China Chinese steel futures climbed to their strongest level in five weeks, keeping inventories on the rise in construction demand, with iron ore rising to a one-month high. Coke futures also surged to a five-week high, surging more than 4 percent, and a group of small Chinese producers are... 24.04.2018  09:20

• Peru expects billions of dollars in investment in the mining sector Peru is the world's second largest copper producer and the sixth largest gold producer. The Peruvian Ministry of Energy and Mines announced today that it is expected to reach $ 20.8 billion in investment between 2018 and 2022, with 10 percent of such investment filling the country's treasury by... 24.04.2018  09:10

• New steel plant under construction in Austria for the first time in 40 years Industrial giant Voestalpine is building a € 350 million plant in Kapfenberg, southwest of Vienna, which is expected to be fully automated. The construction work itself should take three years and create up to 1,000 jobs. Work within the plant itself will be digitized, which means more careful m... 23.04.2018  09:03

• India is ready for foreign investment in metallurgy India's new steel projects will boost steel production capacity to 150 million tonnes by 2020. The sector has tremendous growth potential as the country becomes the second largest steel producer in the world with increasing domestic consumption. Foreign players such as Posco, ArcelorMittal and... 23.04.2018  08:56

• China bans import of 16 more sources of scrap metal A posting on the website of the Ministry of Ecology and the Environment identified the following 16 categories of waste that will be banned from imports at the end of 2019. This list includes, among others, scrap stainless steel, titanium, zinc and magnesium. The Chinese Ministry has announced a... 21.04.2018  09:59

• Russia wants to receive compensation from the United States for duties on steel and aluminum Russia has asked the World Trade Organization (WTO) to recover damages caused by the US import duties imposed by the administration of President Donald Trump on steel and aluminum. WTO members may not comply with certain WTO rules if they prove that they impose tariffs only to ensure national... 21.04.2018  09:46

• Poland's fight against carbon dioxide emissions threatens thousands of jobs Poland's energy-intensive industries, which include metallurgy, are expected to move companies to other regions of the world in the coming years, where no one cares about the fight against carbon dioxide emissions. Electricity prices in Poland are higher than those of its neighbors, which leads... 18.04.2018  09:55

• Nippon Steel Decides to Install New Continuous Galvanizing Line at Kimitsu Plants Nippon Steel and Sumitomo Metal Corporation (NSSMC) announced their decision to install a new electroplating line at their steel plant in Kimitsu, Japan. The installation of the new continuous hot-dip galvanizing line is expected to help increase the production of ultra-high strength steel sheets.... 18.04.2018  09:29

• Global demand for rolled steel continues its broad recovery The World Steel Association (worldsteel) published its survey for the past period in 2018. Global steel demand will reach 1,616.1 million tonnes in 2018, up 1.8% from 2017. In 2019, global steel demand is projected to grow by 0.7% to 1.626.7 million tonnes. Steel demand depends on a favorable... 18.04.2018  09:14

• EU appeals to the WTO for damages from the US for duties on steel and aluminum The European Union is seeking losses from the United States on import duties on steel and aluminum, despite Washington's claims that the tariffs are not in conflict with World Trade Organization (WTO) rules, according to a WTO complaint released on Monday. Following China's example, the EU has... 17.04.2018  09:30