Metallurgy news

• China and EU fail to reach agreement on steel overproduction The EU-China Summit took place in Brussels on Friday, focusing on climate, trade, foreign policy and security issues. The parties once again discussed the problem of overcapacity in the production of steel in China, and also discussed the implementation of Article 15 of the agreement on China's... 02.06.2017  22:36

• NLMK seeks changes in the interpretation of the meaning of "Buy America" Made in the USA. Depending on how this is interpreted, a number of US metallurgical companies may have big problems. Following the "made in the USA" principle literally could shut down NLMK Pennsylvania, says Bob Miller, President and CEO of NLMK USA. What appear to be small differences in... 02.06.2017  15:06

• Italian Ilva will resume steel production in early June Italian steelmaker Ilva announced that the troubled plant in Taranto, southern Italy, has completed maintenance and decontamination work and will resume production in early June this year. Ylva said in a statement that after the restart, the steel mill will initially operate for 1.5 months in... 01.06.2017  10:56

• Exports of steel scrap in China will increase tenfold in April Due to China's environmental protection policy, domestic demand for steel scrap continues to decline and supply continues to rise, leading to a drop in scrap prices. Some traders have started looking to increase their scrap steel exports to the Asian market over the past 2 months as Chinese... 01.06.2017  10:43

• Vale raises production in Q1 Vale's iron ore production reached 86.2 million tonnes in the 1st quarter of 2017, an 11.2% increase year-on-year, mainly driven by the S11D project and the Arta project. In the 1st quarter, nickel production reached 71,400 tons, up 14% from the previous quarter, but down 2.9% from the same... 01.06.2017  10:27

• Successful test of the US missile defense system The Pentagon on Tuesday successfully tested an air defense missile system. The system is used to shoot down intercontinental ballistic missiles (ICBMs) capable of carrying nuclear weapons. This was the first test successfully completed in over three years. About half of previous attempts have... 31.05.2017  10:55

• Indonesia steel production targets 5% growth in 2017 Indonesia's Ministry of Industry is convinced that Indonesia's steel industry will grow this year, in line with estimates of accelerating macroeconomic growth. Indonesia's domestic steel demand was 12 million tonnes last year, driven by infrastructure and construction projects. However, domestic... 31.05.2017  10:41

• South Korea to shut down 8 coal-fired power plants South Korea will halt operations at eight of the country's old coal-fired power plants during June as part of air pollution control measures, the Ministry of Energy said. South Korea's new president, Moon Jae, earlier this month announced plans to temporarily close operations at 10 coal-fired... 31.05.2017  10:20

• USA imposes import duties on plates from Taiwan and other countries The United States State Department of Commerce announced anti-dumping duties on imports of carbon steel plate from Taiwan and eight other countries. Among these, the anti-dumping duty for China Steel Corporation increased to 75.42%; while for other manufacturers the rates were 39.52%, and for... 30.05.2017  10:30

• Iron ore lost 40% in 3 months The price of iron ore with a content of 62% iron fell 3.87% to $ 57.91, leaving it at its lowest level since October 14 last year. However, the price of lower grade iron ore actually increased. Thus, the price from 58% grade increased by 1.9% to $ 39.75 per ton, although this only partially... 30.05.2017  10:17