Metallurgy news

• In China, imports of Russian oil in November set a new record China's oil imports from its major suppliers rose significantly in November from a year earlier. Russian shipments climbed to a record high, while shipments from top exporter Saudi Arabia fell 5.9 percent to 3,990,000 tons, according to data from China's General Administration of Customs. In... 25.12.2014  11:18

• Japan predicts falling steel production for first time in 3 years - METI Steel output in Japan is expected to decline 0.7 percent to 110.7 million tonnes in the current fiscal year, which ends in March 2015. The Ministry of Economy, Trade and Industry (METI) said the decline was observed for the first time in 3 years, as demand slowed down with the increase in sales... 25.12.2014  10:39

• Asia's steel production records modest growth According to the latest data released by the World Steel Association, steel production in Asia rose 0.6 percent during the month of November on an annualized basis. In addition, all countries in the region showed an increase in steel output over 11 months at an annual level. China's total crude... 25.12.2014  10:05

• Hackers Damage German Steel Plant Recently, hackers have caused serious damage to a German steel plant and also shut down one of the blast furnaces at a steel plant. According to an annual report by the German Federal Information Security Administration, after an employee at a steel mill received an email, hackers swept over the... 24.12.2014  12:11

• Electricity shortage in Ukraine disrupts production at Ferrexpo The iron ore group Ferrexpo, headquartered in Switzerland, controlled by Konstantin Zhevago, owns assets in Ukraine. Moreover, the main asset of this Group is the Poltava Mining and Processing Plant, which specializes in the production of iron ore pellets, supplying its products mainly to... 24.12.2014  11:21

• Russia files a complaint with the WTO about the violation of the US 15-year trade agreement Russia has filed a complaint with the World Trade Organization against the United States government, which is trying to abandon a 15-year agreement between the two countries, which creates special conditions for Russian producers of flat steel products with a high import quota, and the decision... 24.12.2014  10:10

• Copper demand is driven by Chinese energy Refined copper consumption in China at the end of 2014 was more order-driven in the energy sector than it was at the beginning of the year, when tight bank lending conditions led to abandonment of small end users. In past years, more than half of the demand for copper products in China came from... 23.12.2014  15:32

• World steel prices drop to 5-year low in December - MEPS Manufacturers remain motivated to boost sales, and their proposals to increase prices have so far been unsuccessful as customers see raw material prices falling. Consumption outlook remains healthy for now, but service centers are experiencing a seasonal decline in sales activity. There is more... 23.12.2014  12:21

• Brazil levies duties on boron-doped steel sheet from China and Ukraine Brazil plans to impose anti-dumping sanctions on imports of boron-doped steel sheets from China and Ukraine. Brazil's Foreign Trade Bureau SecEx has decided to add painted heavy slabs to the products subject to such a fine. The size of the punishment for the Chinese plate is $ 211.56 per ton and... 23.12.2014  11:38

• South Korea urges WTO to oppose US tariffs on steel pipe imports The South Korean government announces an appeal to the WTO against the US anti-dumping duties on imports of steel pipes from the country. South Korea's Commerce Department says high US tariffs on Korean steel pipes of more than $ 100 million a year put their products at a disadvantage compared... 22.12.2014  11:43