Metallurgy news
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Falling Steel Prices in China Unnerve Emerging Steel MarketsThe business environment in the Russian Federation is slow ahead of the holidays. Distributors are looking to cut inventories to free up working capital and minimize potential losses as current demand shrinks ahead of the eight-day New Year /Orthodox Christmas break. The demand for rolled metal…
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Stainless steel production increased by 10%World stainless steel production increased significantly during the first nine months of this year. The latest figures released by the International Stainless Steel Forum (ISSF) show a 10% annual increase in production in the stainless steel smelter. Production for the initial nine-month period of…
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Ukraine in the world ranking for the production of iron and steelDuring 11 months of 2018, according to the World Steel Association, metallurgical enterprises of the countries of the world smelted 1,211.86 million tons of pig iron, including 1,135.71 million tons by blast furnace method and 76.15 million tons by direct reduction. The data is 2.39% higher than…
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WTO supports Turkey's claims for unfair tariffsAn appeal by Turkey, initiated in early 2017, challenging countervailing duties (CODs) imposed by the United States on imports of certain pipes from Turkey, was upheld by the World Trade Organization (WTO) Dispute Settlement Commission. The dispute concerned duties imposed by the US Department of…
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Chinese steel prices hit 5-week highSteel prices in China hit a five-week high on Thursday amid expectations of higher demand as the government takes steps to bolster the economy and fears that supply may shrink as winter production holds back volumes. Construction demand outlook was supported as two cities in China eased…
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Turkey surpasses 2018 steel export targetThe sharp decline in US exports is largely due to the high tariffs imposed by the Trump administration. A statement released by the Turkish Steel Exporters Association (CIB) indicates that the country surpassed the full 2018 steel export target in the first eleven months of the year. Exports…
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World Steel Association: November 2018 steel production up 5.8%Global crude steel production for 64 countries reporting to the World Steel Association (worldsteel) was 148.6 million tonnes in November 2018, up 5.8% from November 2017. Steel production in China in November 2018 was 77.6 million tonnes, an increase of 10.8% compared to November 2017. In November…
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Japanese steel industry expects production to rise next yearAccording to the Japan Iron and Steel Federation, crude steel production in Japan, starting in April 2019, may increase slightly over the current fiscal year due to continued demand from infrastructure in the country. Steel production for the current fiscal year ending in March is expected to…
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Challenges for Ukrainian metallurgyThe surplus global steel capacity is estimated at hundreds of millions of tons and increases competition in the global market every year. Despite their gradual closure, for example in China and in other countries of the world, the situation does not change dramatically. On the other hand, highly…
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Global demand for coal will remain stable until 2023While global demand for metallurgical and thermal coal looks set to rise for the second straight year in 2018, it is forecast to remain stable over the next five years as declines in Europe and North America are offset by strong growth in India and South -East Asia. latest report from the…
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