Metallurgy news

• Baosteel starts production at new plant in Zhanjiang Baosteel commenced steel production at a new facility in China's southern port city of Zhanjiang, even as steel prices plummeted amid sluggish demand in the country, which is experiencing the slowest economic growth rate in 25 years. Blast furnace # 1 was lit at the new plant on Friday, designed... 28.09.2015  12:26

• The global nickel market records a deficit during January-July 2015 Global nickel demand slightly exceeded production in the first seven months of this year. The global nickel market ended with a slight deficit of 16,000 tonnes in January-July 2015, showing a clear superiority in demand over production. The estimated surplus for the whole of 2014 was 241,800 tons,... 28.09.2015  11:44

• German companies oppose sanctions against Russia It would be extremely beneficial for the German economy to end sanctions against Russia, as German companies need to trade with Russia. First of all, this concerns the German automotive industry, which cannot do without an important Russian market, especially after the Volkswagen VW scandal. “We ... 28.09.2015  10:40

• ArcelorMittal expands capacity of its pipe plant in Mexico ArcelorMittal has announced a $ 11.1 million investment in a pipe facility in Monterrey, Mexico, to improve its ability to provide products to the North American automotive market. The investment will go towards creating additional world-class tubular products to further reduce the cost of the... 27.09.2015  14:59

• Steel exports from China may exceed 100 million tons this year China's total steel product exports are likely to surpass 100 million tonnes this year, Wang Likun, vice chairman of the China Iron and Steel Association, told reporters. Overseas markets have provided survival for Chinese steelmakers struggling with overproduction and weak domestic... 27.09.2015  13:03

• Nucor invests $ 75 million in steel heat treatment project Nucor Corporation, the largest steel producer in the Western Hemisphere, has announced a major investment project at its subsidiary, Nucor-Yamato Steel Company. The $ 75 million investment will be spent on the Quench and Self-Tempering (QST) steel processing process that will be used at the 1.4... 27.09.2015  12:23

• USA continues to search for dumping in imports of hot rolled steel The US International Trade Commission has found indications that US manufacturers are suffering unfair imports of hot rolled flat products from seven countries and are continuing a process that could lead to the imposition of import duties. AK Steel Corp, ArcelorMittal USA, Nucor Corp, USA Steel... 26.09.2015  14:02

• Gas supply to Ukraine in winter is ensured Kiev agreed that European taxpayers should pay the bills issued by Gazprom, and Brussels breathed a sigh of relief. EU taxpayers are accepted to carry out gas supplies to Ukraine in the winter. Russian Energy Minister Alexander Novak confirmed that this decision was the result of a meeting... 26.09.2015  12:29

• ArcelorMittal invests 100 million euros in the reconstruction of coke oven batteries ArcelorMittal is investing over € 100 million in the refurbishment of coke oven batteries in Gijón, Spain. The project for the restoration and modernization of existing facilities is designed to be completed within two years. Its implementation should ensure compliance with the environmental re... 26.09.2015  11:49

• EU announces anti-dumping duties on steel pipe imports from India The European Union has imposed preliminary anti-dumping duties of up to 31.2 percent on imports of water and sewer pipes from India within six months in order to protect its national industry. Meanwhile, the EU announced a 15.3 percent anti-dumping preliminary duty on Casting Ltd and 31.2... 25.09.2015  14:25