Metallurgy news

• South Korean hopes for exemption from US steel tariffs South Korea's trade minister on Monday expressed cautious hope for an exemption from US-proposed tariffs on Korean steel products as negotiators lobby to minimize the impact on local industries. Pike Un-gyu, secretary of commerce, industry and energy, said South Korea is in talks with US... 20.03.2018  11:43

• Steel prices may rise by 6-10 percent Global steel prices are expected to rise 6-10 percent this month, reducing the current domestic rebate to the cost of imports. Steel companies plan to raise prices amid rising raw material costs and picking up demand across all sectors, including infrastructure, construction, capital goods and... 20.03.2018  11:15

• Ukrainian enterprises may lose their share in the domestic market In January-February 2018, Ukrainian metallurgists produced 2,977 thousand tons of rolled metal, of which 2,643 thousand tons, or 88.7%, were exported. Domestic consumers got 334 thousand tons (11.3%) of the total volume of manufactured products. For comparison, for the same period in 2017, out of... 19.03.2018  11:04

• China and Germany agree to work on excess steel capacity German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in global steel markets and agreed on Saturday to work on solutions within the G20 group of industrialized countries, Merkel's spokeswoman said. In a phone call, the two recently re-elected leaders... 19.03.2018  10:06

• Cutting Steel Production Helps Chinese Mills Increase Profits Chinese steel companies have raised profit margins to 3,000 percent - a result of global price increases on the one hand and the closure of some of the oldest and least efficient factories on the other. According to Xinhua News Agency, 11 companies listed on the Chinese stock exchange announced... 18.03.2018  15:56

• Global stainless steel output recorded 6% growth in 2017 The International Stainless Steel Forum (ISSF) has released its 2017 annual production statistics. All regions of the world recorded an increase in production throughout the year. World production of stainless steel during the year increased by 5.8% and amounted to 48.1 million tons. In 2016,... 16.03.2018  12:40

• Green Energy will wait: Czech oligarch invests $ 1.2 billion in European coal Czech energy tycoon Pavel Tykach is willing to invest € 1 billion ($ 1.2 billion) of his own funds in aging coal and gas power plants across Europe. He is betting that polluting power generators will be needed for decades to complement green energy, which plays a large role in utilities from G... 16.03.2018  08:54

• Angela Merkel intends to discuss US tariffs on steel and aluminum German Chancellor Angela Merkel is holding talks for the first time between the European Union and the United States on steel and aluminum tariffs announced by President Donald Trump, but believes that if necessary, the European community should not fear countermeasures. The German government is... 15.03.2018  11:48

• Claims to Kobe Steel about inaccurate data on metal strength Kobe Steel announced that it has received a group statement from US customers alongside Toyota. They are demanding compensation for the use of materials with lower parameters in the production of cars than it was indicated in the manufacturer's declaration, Kyodo reported on Wednesday. Rolled... 15.03.2018  11:40

• China may drop US steel and aluminum tariffs China's overall exports are unlikely to be crushed by the recent US decision to impose tariffs on steel and aluminum imports, but there are concerns about further protectionist measures that could be damaging to global trade. Any additional measures from the US could hinder the Asian giant's... 15.03.2018  11:30