Metallurgy news
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US puts pressure on Iran's neighborsIt seems that the White House is very serious in its intention to stifle the entire Iranian economy, including the metallurgy and oil sector, and President Trump's words that the new sanctions on Tehran are the toughest sanctions ever imposed. , is not empty rhetoric. For fear of losing the huge…
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Protecting the EU market from imports raises steel pricesThe steel trade war has become increasingly fierce, and in response to tariffs imposed by the United States, the European Commission has imposed quotas and duties on steel products that will last for 200 days, just a month after they were introduced. Until a sharp increase in imports has been…
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Turkey initiates a complaint to the WTO on additional US tariffsTurkey has filed a complaint of violation of disputes with the World Trade Organization against additional tariffs imposed by the United States on Turkey's steel and aluminum imports, the WTO said. The move was previously highlighted by Turkish officials and passed after President Donald Trump this…
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China may import record volumes of copperAccording to SMM experts, this year China can import record volumes of this metal. Experts from the research company SMM Information & Technology Co. Shanghai estimates that imports of copper ore and its concentrate to China will increase by 15 percent in 2018 to a record 20 million tonnes…
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Nord Stream 2 at the center of discussions at the meeting between Merkel and PutinDuring a meeting in Meseberg in Brandenburg, German Chancellor Angela Merkel and Russian President Vladimir Putin also discussed the construction of the Nord Stream 2 gas pipeline. At this meeting, such large joint projects as Nord Stream 2 were discussed, ”Kremlin spokesman Dmitry Peskov said on…
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Vietnamese steel sector caught in US-China trade warThe vice chairman of the Vietnam Steel Association said the country was suspected of transiting Chinese steel for export abroad. To counter this, the US Department of Commerce imposed a 199.76% anti-dumping tax and a special consumption tax of 260.44% on Vietnamese cold rolled coils allegedly…
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The results of the Chinese production of metals in JulyIn China, zinc production in July fell 3.5% year on year to 439,000 tons, the National Bureau of Statistics said on Thursday, the lowest monthly total since August 2013. At the same time, the volume of copper production in July rose by 11.8% year on year to 732 thousand tons. China's alumina output…
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The interweaving of the US scrap metal markets and Turkey's rolled metal marketsGiven that one country is the world's largest exporter of scrap metal and another is the world's largest importer of scrap metal, the United States and Turkey seem inextricably linked. Market dynamics and perhaps even the forced intervention of American scrap metal dealers and Turkish steel mills…
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ArcelorMittal Poland builds new electrostatic precipitatorsArcelorMittal Poland's Donbrowa Gornicza office is undertaking further projects that will reduce the plant's environmental impact. We are talking about the construction of three electrostatic precipitators, including one for the transshipment point of coke and iron ore. Investments in the amount of…
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ArcelorMittal Announces Resumption of Expansion Project in BrazilArcelorMittal is set to resume a $ 330 million expansion project at its Vega plant in the Brazilian state of Santa Catarina. Expansion plans were put on hold in 2011 following the country's recession. The plant mainly produces specialized grades of steel for automotive, construction and household…
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