Metallurgy news
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Steel imports in Europe do not decline despite anti-dumping measuresThe chronic and cumbersome anti-dumping procedure in the European Union is still not very effective. True, over the past ten months, the pressure of steel from China and Russia has decreased, but the data indicate growing imports of rolled metal products from India and Turkey. This is further…
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US hot rolled steel prices plunge to lowest level since June 1Hot rolled steel prices in the United States fell to their lowest level since June 1, as mill prices decline and buyers hold on to limited orders. The daily US hot rolled coil price fell $ 7.25 to $ 894. Decrease in HRC to its lowest level since June and 2.9% from July highs. Suggestions may be…
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Vladimir Putin will come to Germany for talks with Angela MerkelRussian President Vladimir Putin will arrive in Germany on August 18 for talks with Chancellor Angela Merkel on the war in Syria, the situation in eastern Ukraine and the Nord Stream 2 gas pipeline, said German government spokesman Steffen Seiber. Putin's previous meeting with Merkel took place in…
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US tariffs fail to disrupt market terms of tradeThe United States intends to impose 25 percent tariffs on an additional $ 16 billion of Chinese goods by August 23, adding to the $ 34 million already passed since July 6. China will respond with 25 percent tariffs on US $ 16 billion in goods as the trade dispute between the world's two largest…
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Oleg Diripaska gets rid of En + shares to avoid US sanctions“Russian oligarch Oleg Diripaska agreed to sell 35 percent. shares of the En + group to free the company from the sanctions imposed in April 2018, ”writes the British newspaper Financial Times. According to the proposal, which was passed to the US regulator, Oleg Diripaska will reduce his stake in…
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US increased tariff for Korean galvanized sheetThe United States raised tariffs on Korean galvanized steel sheets in a preliminary ruling. There is still a possibility that the US will further increase the tariff in the final decision in the future. The US Department of Commerce has imposed a preliminary 10.32 percent tariff on Hyundai Steel's…
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Indian steel production up 6% in JulySteel production in India rose six percent in July 2018 to 8.73 million tonnes, according to official figures. In the same month a year ago, the country produced 8.22 million tons of steel. Pig iron output rose 9 percent to 0.49 tons from 0.45 tons in July 2017. Metal output amounted to 5.94…
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Baosteel raises steel pricesChina's Baoshan Steel Works said it would raise its hot rolled steel prices by 50 yuan ($ 7.30 /t) in September. The manufacturer said it will also raise prices for cold rolled products in September by RMB 50 per tonne.
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Trump announces Turkey double duty on aluminum and steelUS President Donald Trump on Friday stepped up his standoff with Turkey by imposing higher tariffs on metal imports, putting unprecedented economic pressure on a NATO ally and deepening turmoil in Turkey's financial markets. Criticizing the state of U.S. relations with Ankara, Trump announced on…
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Russian Evraz increased basic income for the first half of the yearRussia's Evraz, the country's second-largest steelmaker, said Thursday that its core income rose 65.5 percent in the first half of 2018 to $ 1.906 billion from $ 1.152 billion in the same period last year. According to the company, revenues rose 24.2 percent over the same period last year to $…
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