Metallurgy news
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ArcelorMittal Acquires Weak Producers in India For some time now, ArcelorMittal has been trying to expand its steel production in India. Chances are it will work - the company wants to take over a local manufacturer that is in trouble. ArcelorMittal India Private Limited, owned by ArcelorMittal, has filed a takeover bid for Essar Steel India...
14.02.2018 09:06
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Trump-initiated US steel imports study Trump issued a presidential memo on April 20 instructing the commercial secretary to conduct an investigation "to determine the impact on the national security of steel imports." The Commerce Department submitted its Section 232 report on steel imports to President Donald Trump in January, but...
13.02.2018 09:21
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In India, steel production and consumption increased by more than 5 percent India's finished steel production increased 5.3% to 88.592 million tonnes from April to January of this year (2017-18), while the country's consumption increased 5.4% to 72.497 million tonnes over the same period, as stated in the message of the Ministry of Steel. For 10 months of the 2017-18...
13.02.2018 09:12
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China will step up its fight against illegal coal mining in 2018 China will carry out "special measures" in 2018 to curb illegal coal mining in order to keep mines safe and cut production capacity, the state Occupational Safety Administration said in a statement Monday. Coal mines that do not meet safety or operational standards will be ordered to cease...
12.02.2018 18:00
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Copper prices are clearly rising after good information from China Copper on the London Metal Exchange rose 1.1 percent. The metal in the LME in 3-month delivery was priced at $ 6,786.00 a tonne after the opening session after a 0.5% increase, but is now worth $ 6,288.50. On Monday (Feb 12), all industrial metals recovered from their strongest weekly results...
12.02.2018 17:13
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Tata Steel wants to increase steel production for the automotive industry Tata Steel has recently invested heavily in the expansion and modernization of its Port Talbot plants to increase production capacity and improve product quality. The goal is more sheet metal for the automotive industry. Tata Steel announces that it intends to produce sheets used for the...
12.02.2018 09:47
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EU duties on Chinese galvanized steel spark outrage The Chinese Ministry of Commerce said it was dissatisfied with the EU's decision to impose anti-dumping duties on Chinese galvanized steel. The ministry said the EU used data from Brazilian companies, which are assessing prices and spending data from Chinese businesses in the course of an...
09.02.2018 09:15
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China plans to reach 2020 steel cut target this year China is set to meet its 2020 target of steel production cuts in 2018, two years ahead of schedule, the industry ministry said in a statement. The original plan called for a reduction of 150 million tonnes of metal products by 2020. However, the world's largest producer will face greater...
09.02.2018 09:11
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In 2018, the forecast for global steel production exceeds the level of last year Global steel production in 2017 increased by 5.3 percent year-on-year to 1.69 billion tonnes in response to strong demand for rolled steel used for industrial production. The release of new products involves various stages of design from development of 3d-models, design documentation, technical...
09.02.2018 09:05
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Copper prices rise after new losses Copper on the London Metal Exchange rose 0.5% after a sharp drop in quotes in previous sessions. The metal on the LME with a 3-month supply is $ 6,918.00 per tonne. Chinese customs announced on February 8 that imports of raw copper and copper products in January 2018 increased by 16.1 percent...
08.02.2018 10:58
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