Metallurgy news

• Egyptian steel firms need anti-dumping duties on cuts in energy subsidies Egypt's Ministry of Commerce has been looking into the possibility of introducing anti-dumping duties on imports of Turkish steel products since late last year, but the tariffs are still in place. Turkey has introduced energy subsidies since 1990 and they protect its steel industry. In Egypt... 31.05.2014  15:58

• POSCO E&C uses Vietnam as a springboard for its Southeast Asia business POSCO E&C, a subsidiary of the largest steel producer in Korea, specializing in the construction of steel plants and urban development facilities, marked two decades of business in Vietnam. The construction firm has built a luxury shopping center in Ho Chi Minh City and the Poslilama Iron and Steel... 31.05.2014  15:35

• Canadian company plans to expand new steel plant near Great Falls The steel plant north of Great Falls, which went into operation at the end of January 2014, is working to develop the ability to tow modules built for oil fields and other projects in the region and Canada. A few days ago, the grand opening of a new production building of the plant, worth 26... 31.05.2014  15:02

• Riot hits China's steel company Executives at a Chinese steel company were hurt in violent riots earlier this month in Vietnam. A company spokesman told central news agency Xinhua from his home phone that a timetable for the resumption of work on the steel project in the Southeast Asian country was not being considered at this... 31.05.2014  13:14

• Tata Steel Thailand Seeks Higher Import Tariffs for Chinese Wire The Bangkok Post reported that Tata Steel (Thailand) is considering opening an international court case if the Commerce Department does not increase anti-dumping tariffs imposed on high-carbon steels from China. Rajiv Mangal, president and chief executive of Tata Steel, said "TSTH may refer the... 30.05.2014  16:17

• Steel billet prices on the rise again Steel billet price levels went up after a short-term correction due to the following reasons: 1. Lack of iron ore and sponge iron from leading producers has led to an increase in prices. 2. Rise in prices for pellets; 3. High prices for pig iron, observed in some countries during the... 30.05.2014  15:57

• Steel imports increased in the USA The American Metallurgical Institute announced that the United States imported a total of 3.726 million tonnes of steel in April 2014, including 2.738 million tonnes of finished products, up 15.2% and 12.2% from March, respectively. The main products that ensured the increase in imports in April... 29.05.2014  11:31

• Japanese steel mills worried about huge imports of galvanized steel from Korea Since the beginning of this year, the number of imports of metal products in Japan has been steadily growing. In April alone, the amount of imports amounted to 761 thousand tons and increased by 27.6 percent compared to last year. The Japanese steel industry maintains a high level of steel... 29.05.2014  10:50

• Severstal Izhora starts supplying pipes for the South Stream project OAO Severstal, one of the world's leading metallurgical and mining companies, has started supplying pipes with a diameter of 813 mm for the offshore section of the South Stream pipeline. The pipes are manufactured at the Izhora Pipe Plant, which is part of the Russian steel division Severstal.... 29.05.2014  10:14

• Chinese metallurgy on the verge of major changes Overproduction and falling steel prices are synonymous with the Chinese steel industry. Despite all the plight of the steel market in China, steel production jumped 4.9 percent in the first 4 months. The government targets moderate economic growth of 7.5 percent in 2014, linked to satisfying... 28.05.2014  11:57