Metallurgy news

• Liquidation of China's steel production falls on private producers Private steel companies in China are playing a large role in reducing production capacity in the industry, according to the sector's chamber of commerce. In 2017, China cut steel production by more than 50 million tonnes, while private steel companies provided 40 million tonnes of cuts - 80... 03.04.2018  12:23

• China to inspect steel production facilities from May to June The purpose of the inspection is to prevent steel companies from violating a ban on low-grade steel made from scrap metal or rebuilding excess capacity that has been eliminated, said Shui Hyunyon, an official with the National Development and Reform Commission (NDRC). The inspection will be... 03.04.2018  11:43

• Tata Steel sales up 11% According to preliminary data, Tata Steel recorded 11 percent growth in the ended fiscal year. The company achieved production of 12.26 million tonnes during the year ended March 31, 2018, up from 11.35 million tonnes last year. Annual sales were 12.13 million tonnes versus 10.97 million... 03.04.2018  11:30

• Ukraine changes law to facilitate gas production President of Ukraine Petro Poroshenko signed a law simplifying the procedure for obtaining drilling permits for oil and gas production. Thanks to the new law, the waiting time for permits has been reduced, and foreign organizations will be able to obtain them easier than before. This act is... 02.04.2018  09:45

• China imposes tariffs on goods from the USA China has introduced tariffs on goods since April 2 - a total of 128 products in 7 categories - in response to US duties on steel and aluminum. Eight of them cover two-thirds of the group's cost and will be covered by higher tariffs. China has announced the suspension of the WTO tariff agreement... 02.04.2018  09:30

• Ilyich Iron and Steel Works of Mariupol Received Valuable Cargo from China At the Mariupol Metallurgical Plant named after Ilyich Metinvest Group received a valuable cargo - new equipment for the construction of a continuous casting machine. Equipment from China was delivered to Mariupol by ship DolphinStar for three months. According to Metinvest, the Chinese... 01.04.2018  11:04

• Rolled steel prices rise in China amid new production restrictions Steel product and coking coal prices jumped on Friday as key steel city Handan in northern China announced new restrictions on air pollution, while investors have already closed their short positions to close the month and the first quarter. The most active rebar contract on the Shanghai Futures... 31.03.2018  19:28

• Large projects boost demand for steel from China Over the past five years, steel imports from China have doubled due to large infrastructure projects in East Africa and will continue to grow. Due to projects such as the Lamu Port-South Sudan-Ethiopia-Transport Project, the Lake Turkana Wind Power Project and the extension of the Nairobi Outer... 30.03.2018  13:15

• India Seeks Away To Avoid American Tariffs On Rolled Steel And Aluminum India has asked the United States to exempt it from higher tariffs on steel and aluminum, saying Indian exports of these two products pose no threat to America's security. Last week, US President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the... 30.03.2018  12:58

• South Korea would like to import gas from Russia Seoul is exploring this possibility. South Korea does not exclude the construction of a gas pipeline through which Russian raw materials could be imported. As the Minister of Foreign Affairs of the Republic of Korea Kang Chun-Hwa admitted, if the security situation on the Korean Peninsula... 30.03.2018  12:42