Metallurgy news
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Tata Steel Netherland Postpones LayoffsDespite the announced layoffs, work at Tata Steel Nederland in Ijmeiden is guaranteed to continue until October 2021. The management of Tata Steel Nederland wrote in a letter to the FNV union that it will adhere to the previous agreements with the unions. but added that possible layoffs are…
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Siemens to continue controversial contract with Australian coal mineGerman engineering giant Siemens will honor a controversial contract to supply alarm systems for Australia's Adani coal mine, despite criticism for the project's alleged climatic implications. “We just finished our extraordinary meeting ... We evaluated all the options and concluded that we must…
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China's steel industry will focus on high-quality developmentAccording to a senior official from the China Metals Association, China's steel industry should focus on quality and efficiency rather than expanding through massive and price competition. Gao Xianming, the 2019 rotation president of the association, gave a speech at the general meeting of the…
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Indian steel mills call for zero duty on coking coal importsIndian steelmakers have called for lower import duties on important ingredients such as coking coal, anthracite and metallurgical coke. The country's metallurgists are highly dependent on the import of these raw materials due to the lack of sufficient domestic resources. A steel mill official said…
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US announces new sanctions against 17 Iranian steel companiesUS Treasury Secretary Stephen Mnuchin announced that the US has imposed new sanctions on steel and metal exports from Iran. He said: “The President is issuing an executive order authorizing the imposition of additional sanctions against any individuals who own, work, trade or help sectors of the…
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Liberty Steel cuts UK workforceThe Liberty Steel Group reviewed its UK business in response to challenging market conditions and the continuing decline in demand for UK steel products. In light of this, the company has decided to reduce the headcount at certain factories to meet sustainable production forecasts. The Group has…
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Turkey's steel production declines in 2019According to an official report from Turkey, total crude steel production in the first 11 months of 2019 was about 31 million tonnes, down 10.36% year on year. The experts said that the main reason for the decline was weak demand in the domestic and foreign markets. The upward trend of global…
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US sanctions on Iran's metallurgyIran has set a goal to become the seventh largest steel producer in the world by 2025, but in the current situation it is unlikely to succeed. Donald Trump on Friday imposed extended economic sanctions on Iran's steel industry in an attempt to punish the country for a missile strike earlier this…
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US Introduces Up To 301% Tariff On Steel Products From ChinaThe United States is introducing a new tariff of up to 301.64% on steel products from China. The US Department of Commerce has tentatively approved anti-dumping duties on imports of ironmongery from China, which are intended to compensate imports at a price below cost or current domestic market…
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Critical Impact of Trump Tariffs on the US Manufacturing SectorRecently published research shows that Americans paid the full cost of Chinese tariffs, roughly $ 900 per worker. Higher costs have had a significant impact on US exports. In addition, they stress that the tariffs imposed by the Trump administration have affected production workers in the country…
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