Metallurgy news

• European Commission extends anti-dumping duties on steel products from China Brussels has extended anti-dumping duties to Chinese seamless stainless steel pipes over the next five years. Additional fees, which were introduced in 2011, range from 48.3 to 71.9 percent. The European Commission stressed in its message that its decision provides a level playing field for EU... 07.03.2018  08:29

• 2017 for the global zinc market ended with a deficit of 495 thousand tons In 2017, global production of zinc ores recorded a moderate growth of 3.6% over the previous year. Zinc production in India increased significantly in 2017 by almost 34%. Growth in production in Peru more than offset the significant decline in production in Australia. In addition, supplies of zinc... 06.03.2018  14:40

• Results of production of MMC of Ukraine in February 2018 In February 2018, metallurgical enterprises of Ukraine produced 1.56 million tons of pig iron, which is 20% lower than in January 2018; 1.51 million tonnes of steel, down 20%, rolled steel 1.3 million tonnes, down 23%. During the first two months of 2018, the following were produced: 3.49... 06.03.2018  14:19

• Chinese steel and raw materials futures fall Chinese steel prices declined for the second straight session in a week as demand remained subdued, dropping the key metallurgical raw material iron ore by more than 3 percent. Steel demand has remained weak since the Lunar New Year holiday in late February and is likely to recover gradually... 06.03.2018  13:03

• Germany is concerned about the gas dispute between Russia and Ukraine The German government is concerned about the gas dispute between Ukraine and Russia. It is in the interests of the EU that these countries are “reliable partners” in terms of gas supplies, ”German government spokesman Steffen Seibert said on Monday. A spokesman for the German government stressed ... 05.03.2018  18:02

• Donald Trump is ready to lift duties on steel for Canada and Mexico on certain conditions US President Donald Trump said on Twitter that only the signing of a "new and fair" free trade agreement with Canada and Mexico (NAFTA) can guarantee the two countries will be exempted from import duties on steel and aluminum. “We have a large trade deficit with Mexico and Canada,” Trump twe... 05.03.2018  17:30

• Chinese PM on growth plans for 2018 Chinese Prime Minister Li Keqiang announced that the Chinese economy will continue to grow at about 6.5 percent in 2018. And announced the further opening of the market, reducing the burden of business and reducing overcapacity in some sectors. The head of government presented the goals for the... 05.03.2018  11:28

• Arcelo and Nippon Steel Join Bidding for Insolvent Essar The world's largest steelmaker ArcelorMittal and a top steelmaker in Japan will form a partnership to bid for Essar Steel India Ltd., an insolvent producer that could raise at least $ 6 billion. Arcelor and Nippon Steel & Sumitomo Metal Corp. said they have joined the bidding process for Essar,... 04.03.2018  11:13

• EU ready to mediate between Russia and Ukraine on gas supplies The European Commission is ready to provide mediation between Moscow and Kiev after the Russian concern "Gazprom" eased pressure on transit pipelines in Ukraine. "Gazprom" is forced to immediately begin, before the court of Stockholm, the procedure for terminating supply and transfer contracts... 03.03.2018  13:31

• IMF warns of implications of US tariffs on aluminum and steel The International Monetary Fund (IMF) warned on Friday that the imposition of duties on rolled steel and aluminum products announced by US President Donald Trump is likely to cause problems not only outside the United States, but also for the American economy. IMF spokesman Jerry Rice made a... 03.03.2018  13:20