Metallurgy news

• Merger of Tata Steel and ThyssenKrupp in jeopardy Negotiations between Tata Steel and Germany's ThyssenKrupp to merge their European steel operations have been ongoing for several months, but significant obstacles remain. Germany's largest union, IG Metall, confirmed this week that it foresees "high risk" amid fears that the merger will result... 18.04.2017  10:22

• Beijing warns domestic metallurgists of "attacks" on overproduction China's steel mills need to prepare for even tougher government overproduction measures this year to make "fundamental" progress in sector reform. “Although the capacity reduction targets were met last year, the problem of overcapacity in China's iron and steel sector has not fundamentally been i... 18.04.2017  10:02

• Exports of Russian gas are growing In the period from early January to April 15, 2017, Russian gas exports amounted to 58.5 billion m3, which is 14.7 percent higher than in the same period last year. A number of EU countries saw a significant increase in gas demand compared to last year. Gas sales are expected to increase by... 18.04.2017  09:33

• Coking coal price jumps to six-year high The price of coking coal rose again on Thursday by 4.6% to $ 314.00 per tonne due to constant supply disruptions due to a tropical storm in Australia. This is the highest coking coal price since the second quarter of 2011, when price spikes caused floods in Queensland, pushing quarterly contract... 14.04.2017  11:48

• Mechel to supply China's Baosteel Resources with about 1 million tonnes of coking coal One of the leading Russian mining and metals companies says it has extended its cooperation agreement with Baosteel Resources, which is part of Baowu Steel, China's largest steel group. Mechel will supply Baosteel Resources with up to 960,000 tons of coking coal mined in South Yakutia. Coal is... 14.04.2017  11:07

• South Korea expands anti-dumping measures against stainless steel imports South Korea extends anti-dumping import duties on stainless steel long products for three countries. The South Korean government announced that, based on the results of the study, it decides not to cancel anti-dumping measures against the import of stainless steel bars from Japan, India and... 14.04.2017  10:52

• Gazprom signed a contract for the supply of gas to Slovakia Gazprom and the Slovakian gas transmission operator Eustream signed an agreement on gas transportation. The contract amount is 5.3 billion euros. The agreement is a framework agreement and will be valid until autumn 2050. In accordance with its provisions, gas will be transported through the... 14.04.2017  10:17

• ArcelorMittal invests in spring steel production in the Czech Republic ArcelorMittal plans to invest about $ 3.17 million in new production at its steel plant in the north-eastern region of the Czech Republic. The funds will be used for the production and reconstruction of spring steel in Ostrava. The redevelopment project will ensure the best performance of spring... 13.04.2017  11:24

• USA imposes 22.9% punitive tariffs on steel from German manufacturer SALZGITTER Germany's steel group SALZGITTER has confirmed that the US has imposed a 22.9% punitive import tariff on its heavy plate steel plates. SALZGITTER, the second largest German steelmaker, said it was forced to pay penalty tariffs as a result of anti-dumping procedures imposed by the US Department... 13.04.2017  10:55

• Strong rise in copper prices supported by data from China Copper on the London Metal Exchange has risen significantly in response to information on China's exports and imports. The metal on the LME for delivery in 3 months is measured at $ 5,691.00 a tonne after rising 1.1 percent, brokers told brokers. China has published very good export and import... 13.04.2017  10:31