Metallurgy news

• EU taxpayers are ready to buy gas for Ukraine Russia and the EU have agreed to supply natural gas to Ukraine. Accordingly, EU taxpayers must provide Ukraine with a loan of half a billion euros. The money will go directly to the blocked account of Gazprom. EU taxpayers are ready to take responsibility for the implementation of gas supplies... 16.09.2015  11:10

• Steel pipe manufacturers continue to appeal to WTO against US AD duties Turkey is yet another country that has decided to appeal to the World Trade Organization against US intentions to impose anti-dumping duties on its steel pipe imports. More recently, South Korea has filed an appeal to the WTO. The President of the Turkish Steel Exporters Association pins hopes... 15.09.2015  21:01

• China's steel production rose 1.7 percent in August China produced 66.94 million tonnes of crude steel in August, increasing output by 1.7 percent from 65.84 million tonnes in July. However, compared to the same month last year, production fell by 3.5 percent, as evidenced by the latest figures from the National Bureau of Statistics. From January... 15.09.2015  10:12

• POSCO in talks with Nippon Steel to resolve espionage issues POSCO said it is still negotiating a legal settlement with Nippon Steel & Sumitomo Metal Corp regarding corporate espionage. The issue received widespread publicity after newspapers reported that a South Korean steel company was in talks to pay the Japanese company about 30 billion yen ($ 250... 15.09.2015  09:23

• Construction began on steel and petrochemical facilities in the port city of Chabahar in Iran As part of the implementation of the program for the accelerated economic development of Iran, the construction of two large industrial enterprises, a petrochemical complex and a steel plant, began in the coastal region in the southeast of Iran. It is planned that the metallurgical plant will... 14.09.2015  10:35

• Metinvest Calls for Renewal of VAT Refunds Ukrainian media reported last week that Metinvest, Ukraine's largest mining and metals company, said its enterprises operating under Ukrainian law, and its Khartsyzsk Pipe Plant and Yenakiyevo Steel Plant, both located in the Donetsk region, have been re-registered as controlled by Ukraine. the... 14.09.2015  10:17

• Steel scrap import prices drop in Turkey Turkish scrap metal import prices fell sharply over the week, but rebar export prices remained unchanged. UK and Baltic supply deals retreated nearly $ 15 /t CFR from the previous week. At the same time, export prices for rebar remained at the same level after a sharp plunge in scrap... 14.09.2015  09:56

• US steel industry suffers from cheap cold rolled steel imports Imports from countries such as Brazil, China, India, Japan, South Korea, Russia and the UK totaled $ 1.2 billion in 2014, damaging US steelmakers, the country's International Trade Commission said. Imported steel is used in many industries including automotive and construction. The US... 13.09.2015  14:20

• Nord Stream gas pipeline to deprive Kiev of $ 2 billion in revenue Arseniy Yatsenyuk, Ukraine's prime minister, said that the construction of the second string of the Nord Stream gas pipeline would deprive Kiev of the ability to transport gas to the European Union and could lead to a loss of $ 2 billion in revenue. In June, Gazprom announced plans to build two... 13.09.2015  12:33

• Significant progress has been made in the Ukrainian conflict for the first time After the meeting in the format of the Normandy Four, German Foreign Minister Frank-Walter Steinmeier was optimistic that appropriate agreements between the warring parties could be signed in the coming weeks. In his statement, Steinmeier noted the following: We have already met seven times... 13.09.2015  11:45