Metallurgy news

• EU assesses the need to introduce new duties on steel imports EU steelmakers indicated that they are examining statistics on steel imports released by customs to assess the need for an anti-dumping investigation on steel imports from Iran, India, South Korea and Turkey. The European Metallurgical Union said that the European Commission should take measures... 13.03.2017  10:03

• Friction Rises in Iran Over Export Duty on Iron Ore The Iranian Association of Iron Ore Producers and Exporters (IROPEX) believes the Iranian government should cancel plans for an export tax on iron ore. According to previous news, Iran's Ministry of Mines and Trade announced last December that it is planned to introduce a 10% duty on iron ore... 13.03.2017  09:51

• Strikes in mines in Chile and Indonesia lead to shortages of copper concentrate Supply disruptions at two large mines in Chile and Indonesia have caused a global shortage of copper concentrate. The disputes at the Escondida and Grasberg mines have "had a major impact on the global supply of copper concentrate," the Financial Times reported, adding, "For the first time in 15... 13.03.2017  09:29

• Turkey more than doubles wire rod exports in January According to the Turkish Statistical Institute (TUIK), in January, wire rod exports from the country amounted to 148,790 tons, an increase of 106.4% over the same period last year and 111.4% over the previous month. At the same time, exports generated US $ 65 million, an increase in monetary terms... 12.03.2017  11:29

• French steel production remains stable The French Steel Federation (FFA) released the latest data for January 2017. Steel production in France was 1.33 million tonnes, remaining stable compared to the same period last year. During the reporting period, there was a decrease in steel output from electric arc furnaces, falling by 14.8%... 12.03.2017  11:09

• Taiwan increases orders of steel plates from Russia Taiwan recently purchased 10,000 tonnes of steel sheet from Russia for shipment in May. The deal marks the second order since the 2017 Chinese Lunar Year celebrations, combined with 2 shipments this month, bringing the total to 40,000MT. The previous two shipments of some 20,000 tonnes will be... 10.03.2017  09:30

• US steel production rises year on year During the week ending March 4, 2017, U.S. crude steel production rose 1.76 million tonnes, up from 1.69 million tonnes in the same period last year, according to the American Metallurgical Institute. Capacity utilization was 74.3%, an increase of 3.8% over the same period last year. As of March... 10.03.2017  09:12

• Steel consumption in China remains stable this year China's gross domestic product (GDP) will grow by 6.5% in 2017, according to the metallurgical industry and the Planning Research Institute of China. Due to changes in the structure of China's industrial production and trends in the steel and commodity markets, as well as forecasts of China's... 10.03.2017  08:59

• Ukrainian blockade led to an increase in scrap prices There are currently two factors driving the rise in European scrap prices. First, scrap steel import prices rose again in March in Turkey, the largest consumer of scrap metal. Secondly, the price of pig iron has risen sharply due to the blockade of the Ukrainian railway system, which has increased... 09.03.2017  13:47

• Iron ore prices will remain high in the first half of 2017 Any major correction in iron ore prices will depend on what China's steel prices look like, as domestic steel prices in China soared to a new three-year high. Traders are optimistic about the outlook for the market in the near future, analysts say. Credit Suisse expects iron ore prices to remain... 09.03.2017  13:31