Metallurgy news
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In June, China smelted 80.2 million tons of steelLast June, crude steel production in China was 80.2 million tonnes, 7.5% more than last year. Also, a new record for daily production was recorded - 2.67 million tons, which exceeds the maximum in May by 2.2% (2.6 million tons). These data are cited in a report released by the Chinese National…
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Oil and gas companies get the opportunity to import steel to the United States without tariffsPresident Donald Trump's administration allowed the oil and gas sector to purchase metal products without a 25 percent tariff on steel imports, agreeing with Shell and Chevron that the special steel they import is not made in the United States. Today, the US Department of Commerce approved tariff…
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Rio Tinto Coal Delivers First Fully Autonomous Iron Ore SupplyRio Tinto has achieved significant success with the first autonomous train delivery of iron ore in Pilbara, Western Australia, using the world's largest robot. An autonomous train of three locomotives carrying about 28,000 tonnes of iron ore traveled more than 280 kilometers from Rio Tinto's Tom…
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Copper trains are regularly looted in the Chilean Atacama DesertAbout 40 incidents were reported in the first half of 2018, according to prosecutors in Antofagasta, up from just six since 2014. Thefts began to rise in late 2017 as copper rose in price to its highest level in two years. While prices fell last month, thieves are oblivious to the turmoil in the…
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The wave of anxiety is growing in the EU marketUS operations at the global level are already having an impact and will continue to affect the steel market in the European Union and globally. In March this year, the European Commission began protecting EU producers. Among the product categories of materials, there are 26 main items. Generally…
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Iranian steel industry grows by 22%Industry, Mines and Trade Minister Mohammad Shariatmadari said steel production reached 22 percent growth in the current Iranian fiscal year (started on March 21, 2018). Speaking at a ceremony to expand the Saba Steel Company project in Isfahan province, he said, "The ministry has focused on…
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U.S. Senate Rebuke Trump for Article 232 TariffsThe US Senate passed Bill 88-11, which asks President Donald Trump to increase the Senate’s role in discussing tariffs as part of national security standards, but the bill is seen largely as a symbolic measure. The bill is non-binding and must first be passed by the U.S. House of Representatives…
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Japan plans to increase steel output between July and SeptemberJapan's crude steel production is expected to rise 2.3 percent during July-September from the previous year amid strong local demand for cars, industrial machinery and construction, the country's industry ministry said on Monday. The Ministry of Economy, Trade and Industry (METI) estimates that…
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US gold imports dropped significantlyUS gold imports in the first five months of this year fell by more than 6%. The data point to a marginal jump in the country's gold exports during the above period. Gold imports in January-May 18 were estimated at $ 4.29 billion in the first five months of 2018, down 6.1% from the same period a…
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World stainless steel production increased by almost 10%Stainless steel production statistics released by the International Forum (ISSF) show a significant jump in global metal production during the first three months of 2018. Stainless steel output rose 9.5% year over year during the first quarter of this year. Over the previous quarter, production…
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