Metallurgy news
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Russia lifts zero import duty on electric vehicles in favor of its own productionRussia decided to cancel the "privileges" on the import of electric vehicles, and from January 1, the government returned 15% of the import duty. Other member states of the Eurasian Economic Union (EAEU) such as Armenia, Belarus, Kazakhstan and Kyrgyzstan are likely to introduce a similar duty…
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A ship with coking coal from the USA arrives at the Mariupol portThis is the first such delivery since March 2020, when the Mariupol Sea Trade Port handled 200 thousand tons of coking coal. In the second area of the Mariupol port, the ship SELECTA with imported coking coal from the USA began to be unloaded for the coke production of the Dutch mining and…
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In Kazakhstan, protests began at metallurgical enterprises of the countryIn Zhezkazgan, the workers of the foundry and mechanical plant demand from the Kazakhmys corporation to increase salaries by 100% and change the management of the plant. In addition, metallurgists demand the introduction of food stamps for all employees, an increase in vacation up to 30 days, a…
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Pinchuk bought out 100% of shares of the leading private gas company in UkraineGeo Alliance Group Limited, owned by companies controlled by Ukrainian businessman Viktor Pinchuk, has completed the purchase of a 50% stake in Geo-Alliance Oil-Gas Public Limited from Arawak Energy Ukraine B.V., a subsidiary of international trader Vitol. This was reported by Geo Alliance. As a…
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Blast furnace charging capacity in China exceeded 75%Between 24 and 30 December, blast furnace utilization rates at 247 Chinese steel mills, according to a study by Mysteel, increased another 1.46 percentage points to 75.79% in the second week, as some steelmakers in eastern China resumed operations after interruptions in maintenance. During the same…
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Exports of rolled metal products from the EU are limited by deals with the USAConsultant Andreas Schneider believes that an agreement between the EU and US governments to lift Donald Trump's trade barriers to steel will not mean a significant increase in US exports. There will be no significant redirection of volumes from the internal European market, unlike some enterprises…
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Coal prices are expected to rise due to the suspension of coal exports from IndonesiaThe world's largest coal exporter, Indonesia, has halted steam coal exports since January 1, 2022 to divert supplies to domestic utilities that are struggling with severe fuel shortages and to avoid widespread power outages that could disrupt economic activity in the country. The unprecedented move…
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China seeks to reduce energy intensity of steel productionChina is aiming to cut steel energy consumption by 2% and reduce carbon emissions from the aluminum sector by 5% by 2025, the country's industry ministry said in a raw material development plan on Wednesday. The Ministry of Industry and Information Technology (MIIT) said the country will also…
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Dnipro Metallurgical Plant stops steel productionThere are several reasons for the shutdown of the Dnieper metallurgical production - repairs, unofficial - the unprofitability of steel smelting due to the restrictions of the Russian Federation on the supply of coke. The Dnieper Metallurgical Plant (DMZ) of Kharkiv businessman Alexander…
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During the quarantine, 20% of gas produced in Ukraine will be sold through the exchangeThe Cabinet of Ministers of Ukraine adopted a resolution according to which gas producing companies are obliged to sell on the exchange 20% of the gas produced in Ukraine during the quarantine period, but no longer than May 1, 2022. The corresponding decision, which amends the Resolution of the…
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