Metallurgy news

• EU and US on the brink of a customs war? US plans to cut steel and aluminum imports are causing concern among European companies. Industrial organizations warn of an intensification of the customs war - if the Americans introduce tariffs, European companies will demand an adequate response from the EU authorities. The US administration... 20.02.2018  09:50

• Consumption of stainless steel is growing worldwide World stainless steel production increased by about 5 percent over the past year. Growth has slowed in Europe. The good economic situation also reflects improved performance by the largest producers. Further increases in production and consumption are expected this year. Some companies are also... 19.02.2018  11:24

• China warns US of retaliatory measures on steel tariffs China said the proposed US tariffs on imported steel and aluminum products are unreasonable and that it reserves the right to retaliate if imposed. The US recommendations released by the Commerce Department on Friday are inconsistent with the facts, Wang Hejun, head of the Commerce Department's... 19.02.2018  10:22

• USA intends to introduce tariffs on aluminum imports Shares of American aluminum producers Alcoa Corp. and Century Aluminum Co. jumped along with the price of light metal as the US Department of Commerce recommended that President Donald Trump introduce tariffs and quotas on imports. The ministry has proposed a 7.7 percent tariff on all aluminum... 19.02.2018  09:44

• Vale Records Record Iron Ore Production in 2017 Brazilian miner Vale said total iron ore production last year reached a record 366.5 million tonnes, boosted by record production in its so-called northern system, even though iron ore sales were slightly down from 2016. ... The Northern System, consisting of its Carajas, Serra Leste and its... 18.02.2018  12:17

• Results of production of MMC of Ukraine in January 2018 Metallurgical enterprises of Ukraine in January of this year produced 1.94 million tons of pig iron, which is 2% higher, 1.91 million tons of steel, which is 0.5% higher, 1.67 million tons of rolled steel, which is 0.1 % lower compared to December last year Of the main capacities, 19 of 21 blast... 18.02.2018  12:12

• Angela Merkel: Nord Stream 2 is not a threat to diversify gas supplies “We have different views on Nord Stream 2. We believe that this is an economic project and we believe that Nord Stream 2 does not pose a threat to diversification, ”German Chancellor Angela Merkel said Friday. This was the answer given by the Chancellor to the statement that Nord Stream 2 is a po... 17.02.2018  15:42

• Polish Stalprodukt found a way to buy a Czech company Stalprodukt's board has received approval from the anti-monopoly authority in Turkey for the planned acquisition of GO Steel Frydek Mistek. Previously, similar solutions, beneficial for the company, were issued by the antimonopoly services in Germany and Austria. Thus, a precedent was reached... 17.02.2018  15:25

• Russian gold producer Polyus raised profit by 7% in 2017 Russia's largest gold producer, Polyus, posted a 7 percent increase in 2017 adjusted net income to $ 1.02 billion, the company said on Thursday. The gold producer saw sales growth last year and expects to invest and produce more in 2018 as it aims to ramp up production at its newly established... 16.02.2018  09:48

• Asian billet prices rise amid higher buying rates Asian billet prices rose last week in line with growing buying figures and some of the sellers increased their bid prices. Although, from February 15 to February 21, market activity is considered low ahead of the Lunar New Year holidays in China. Vietnamese factories also suspended operations... 16.02.2018  09:32