Metallurgy news

• What are the consequences of EU antidumping on the steel market? After years of controversy, the European Union decided to tighten its anti-dumping policy. But the question remains, are these measures sufficient in the current situation? Steel overproduction is observed in almost all countries, but its main driving force is China with its production... 13.02.2017  09:22

• Coal dust near the Great Barrier Reef worries scientists and environmentalists Scientists and environmentalists recently discovered coal dust near Australia's Great Barrier Reef, prompting an investigation into the nearby port of Hay Point, which supplies tens of millions of tons of coal annually to global markets. The leak is believed to have occurred in early February,... 12.02.2017  12:59

• ArcelorMittal: 2016 was a year of progress ArcelorMittal has announced financial results for the fourth quarter and full year 2016. Despite lower shipments of ore and steel and lower revenues for the group, profit was recorded and the company suffered losses a year ago. Lakshmi Mittal, Chairman and CEO of ArcelorMittal said 2016 was a... 12.02.2017  11:52

• Voestalpine remains committed to factories in Mexico Austrian iron and steel group Voestalpine lowered its economic performance in the first nine months of fiscal 2016/17, but CEO Wolfgang Eder said he is confident the company is able to catch up in the fourth quarter and achieve annual targets at the end of the fiscal year in March 2017.... 11.02.2017  13:58

• South Korea and India intend to cooperate more closely in metallurgy During the meeting in Seoul, the Indian delegation proposed to strengthen technology exchange between the Indian Steel Association (ISA) and South Korea (KISA). As a result, a memorandum of understanding and cooperation was signed in the field of trade and technology exchange in steel production,... 11.02.2017  13:26

• Ilyich Iron and Steel Works opened a training center for metallurgists Ilyich Iron and Steel Works of Mariupol, part of Metinvest, has completed the reconstruction of a training center for its employees. By the 120th anniversary of the enterprise, 14 classrooms, 4 auditoriums for managers, two conference rooms, a buffet and recreation areas were introduced. The... 10.02.2017  13:06

• Indonesia targets record coal production Indonesia's largest coal producer, Bumi Resources, is targeting between 93 million and 94 million tonnes of coal in 2017, its director, Dilip Srivastava, said. This level would be 9 percent higher than the 86.5 million tonnes produced in 2016. 60 percent of the company's 2017 projected sales... 10.02.2017  12:57

• Iron ore rises in value Iron ore rallies amid strong demand in China and a weak dollar against the yuan. The resumption of construction activity in China after a break for the Lunar New Year celebration is driving demand for steel and all raw materials, analysts say. Investors in the iron ore market await economic data... 10.02.2017  12:16

• Trade dispute between Russia and Belarus is getting worse The Belarusian government delegation is making a new attempt in the coming days to negotiate a compromise. Relations between Russia and Belarus are in crisis, again. Superficially, it is about meat, gas, oil, arbitrary border controls, etc., but if you look deeper, these are tests for... 09.02.2017  12:22

• Ukraine moves from heavy industry to light industry The head of the German-Ukrainian Chamber of Commerce notes the positive development of economic relations with Ukraine, focusing on the growth of exports from Austria and Germany to Ukraine. Alexander Markus, CEO of the German-Ukrainian Chamber of Commerce, speaks of positive developments last... 09.02.2017  11:58