Metallurgy news

• Good prospects for stainless steel in 2017 According to MEPS International analysts, 2016 was a record year for stainless steel production, but production will continue to grow again in 2017. Full year 2016 stainless steel production is projected to hit a record 45.5 million tonnes, up 9.5 percent year on year. The latest revised... 06.02.2017  10:34

• Import of metal products from Russia to the EU is growing Steel demand in the EU is expected to continue to recover in 2017 and 2018. The key challenge for the European Steel Association (EUROFER) is the continued growth of imports. If earlier European steel producers were worried about imports from China, then after the introduction of high duties on... 05.02.2017  13:07

• Steel demand in China will increase in 2017 Steel demand in China is forecast to grow in 2017 due to massive infrastructure projects underway in the country. According to the statistics of the professional organization, the consumption of steel in China will be between 320 million tons and 480 million tons. For infrastructure, the main... 05.02.2017  12:31

• WSA: Global steel production returns to growth According to the World Steel Association (WSA), in 2016 compared to 2015, production decreased in Japan, the USA, Russia, South Korea, Germany and Brazil. Among the top 10 countries, production increased only in China, Ukraine and Turkey. Steel production in China increased by 1.2%. China... 05.02.2017  12:11

• Heavy rain in Peru could affect copper production At the Cerro Verde mine in southern Peru, copper mining may be temporarily halted as the region has been hit by heavy rainfall, according to Freeport-McMoRan. Cerro Verde produced 498,951 tonnes of copper in 2016, more than double its 2015 production. Freeport owns 53.56% of the shares in Cerro... 04.02.2017  17:02

• Japan's steel exports decreased According to statistics from the Japan Iron and Steel Institute, the country's steel exports totaled 3.35 million tonnes in December 2016, up 3.6% from the previous month, but down 5.6% year on year. The value of steel exports decreased by 4.8% compared to the same period last year. Japan's... 04.02.2017  16:49

• ArcelorMittal launches an innovative galvanization line Liege, Belgium. The King of Belgium has officially opened a new € 63 million production line at ArcelorMittal Kessales Belgium. The new galvanizing technology is the culmination of years of research and development carried out by the ArcelorMittal and CRM research teams to achieve a breakthrough in ... 04.02.2017  16:38

• Negotiations with Ukrainians on the future of the Gdansk Shipyard The Polish Development Fund announces the development strategy of the Gdansk shipyard: "We are negotiating with the Ukrainians about a common future strategy in relation to the Gdansk shipyard and GSG Towers." In December, the Industrial Development Agency increased its stake in GSG Towers, which... 03.02.2017  11:07

• Russia reduced oil production by 100 thousand barrels per day in January According to initial and still unofficial data, in January 2017, oil production in Russia was almost 100 thousand barrels per day lower than a month earlier. Average Russian production, according to two sources, reached 11.11 million barrels per day (or 1,516 million tonnes per day) last month,... 03.02.2017  10:43

• Experts: EU duties on stainless steel from China hinder machine builders The EU's introduction of nearly 65 percent anti-dumping duties on stainless steel pipes made in China and Taiwan is well suited for steel mills in Europe, but it may be disadvantageous for further processors, including those in mechanical engineering. The European Commission recently... 03.02.2017  09:42