Metallurgy news
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EU tries to force UK to charge VAT on metals and commodities tradeAction by the European Commission to have Britain levy value added tax on trading platforms such as ICE Futures Europe, London Platinum and Palladium Market (LPPM) and London Metal Exchange (LME). The Commission has been reviewing a zero-rate VAT on derivatives trading in the UK for several years…
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Steelworkers strike in GermanyAbout 1,400 workers in the North Rhine-Westphalia steel industry took part in a warning strike on Tuesday with the announcement of the next strike, which will be followed by further protests, said the German metallurgical union IG Metall. Work was interrupted at nine metallurgical plants owned by…
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In Russia, prices for iron ore pellets increased in SeverstalRussian mining and metals group Severstal said iron ore pellet prices rose in the fourth quarter and production fell to 2.94 million tons from 3.3 million tons a year earlier. Severstal iron ore pellet sales averaged $ 101 /t in the fourth quarter, up from $ 73 /t in the fourth quarter of 2017 and…
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Merkel pledges support for 2038 coal phase-out deadlineGerman Chancellor Angela Merkel said on Tuesday that her country will stop producing electricity from coal by 2038, showing its support within the timeframe recommended by a government-appointed commission. The so-called coal commission said last month that Germany must close all of its coal-fired…
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World Steel Association highlights major industry challengesThe World Steel Association (worldsteel) has highlighted two key issues that the global steel industry may need to address in the near future. In his message, Edwin Basson, CEO of Worldsteel, identified climate change and cyclical manufacturing as two major areas in which the metals industry can…
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Brexit will lead to loss of 5 percent of revenues for the UK metallurgyThe unfavorable Brexit conditions will lead to complications for the British steel industry, causing losses in excess of £ 70 million a year. Exports and imports of rolled metal will be disrupted due to "additional administration, costs and delays at the border." In 2018, the UK exported £ 1.8…
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EU sheet metal shipments down 3% in 2018The Eurometal Federation reported this week that European distributors of flat steel products in 2018 reduced their shipments to consumers by 3.1%. “Shipments declined mainly in the second half of 2018 due to growing uncertainty about the European auto industry and related supplier sectors,” said…
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ArcelorMittal Kryvyi Rih informed the public about its intention to obtain emission permits from metallurgical production and mine administrationArcelorMittal Kryvyi Rih held public hearings on its intention to obtain a permit for emissions into the atmosphere from stationary sources of the industrial site No. 1 of the Metallurgical Plant and the Mine Directorate for underground ore mining. The hearings were held with the participation of…
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African steel production up 7% in 2018The World Steel Association (worldsteel) has released global crude steel production statistics for December and all of 2018. According to this data, the African region reported an almost 7% increase in production throughout the year, even though its production fell by almost 6% in December 2018…
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American steel industry welcomes new presidential orderThe American steel industry has welcomed the President's new Buy American, Hire American Order to increase manufacturing and jobs, signed by President Donald Trump, which will provide a much-needed boost to the country's steel industry and ensure its competitiveness in the coming years. Thomas J…
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