Metallurgy news
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China to introduce anti-dumping tax on stainless steelOn Monday, China said it would impose anti-dumping duties on certain stainless steel products imported from the European Union, Japan, South Korea and Indonesia. Anti-dumping tariffs ranging from 18.1% to 103.1% will apply to stainless steel billets and hot rolled stainless steel sheets from…
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Turkish steelmakers struggling amid higher costsTurkish factories are in a difficult position due to the recent increase in energy prices, as well as high scrap prices in finished product prices amid sluggish mood in the domestic market and fierce competition in export markets. Production costs for Turkish mills have risen markedly in recent…
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Interpipe will continue to supply pipes to the US marketThe Ukrainian industrial company Interpipe declares that the Suspension Agreement on the non-application of a 7.5% anti-dumping duty in the United States on its oil and gas pipes in exchange for setting minimum prices for its products has expired due to the expiration of its validity period. The…
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Steel makers may cut revenues due to iron ore supply problemsThe latest research report from CRISIL said that non-integrated steelmakers' margins are likely to come under pressure, mainly due to rising iron ore prices. By the way, iron ore prices account for almost 15% of the total operating costs of non-integrated steel producers. Iron ore leases, which…
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Sino-Sino American trade war is unlikely to end soonThe Korea International Trade Association (KITA) said in its report that South Korea's trade strategies should be based on the assumption that the ongoing trade war between the United States and China is more constant than variable. “The war is likely to last a long time, even in the case of some…
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Rio Tinto is going to cash in on the rising price of iron oreMining company Rio Tinto is set to cash in on the rising iron ore price despite a drop in production and shipments of key steel commodities in June. Rio confirmed that the average price paid for its iron ore rose 35.6% in the first half of 2019. The higher price is expected to underline a better…
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Foreign exchange earnings from the export of ferrous metals decreased due to a decrease in export pricesThe metallurgical complex has been and remains an important basic sector of the economy of the Donetsk region. In January-May 2019, enterprises of metallurgical production and production of finished metal products sold products worth 51.2 billion UAH, which amounted to 39.9% of the total sales of…
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MMK expects Russian demand to support sales in the third quarterMagnitogorsk Iron and Steel Works (MMK) expects domestic demand for steel products to grow steadily in the third quarter to support strong sales. Completion of the next upgrade phase for the 2500 hot strip mill will have a positive impact on sales, supporting the group's financial performance in…
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NLMK steel output decreased by 9%Consolidated crude steel production at NLMK in the second quarter of 2019 amounted to 4 million tonnes. This is significantly lower - by 9% compared to the previous year. In addition, production for the second quarter was down 5% from the previous quarter. The drop in production is mainly due to…
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New energy-saving technologies are being introduced at MMK named after IlyichEnergy-efficient lighting is great in every sense: it does not harm the health of employees and adds economic health to production. In the oxygen converter shop and sheet metal shop 1,700 of the Ilyich Iron and Steel Works Metinvest Group have completed the modernization of the ceiling lighting…
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