Metallurgy news
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JSW Steel increases production of steel productsIndia's private steel sector, represented by JSW Steel, is ramping up production of long steel products to meet demand for government-funded infrastructure projects. The company's steel sales increased 16% to 3.55 million tonnes in the 2017-18 fiscal year ended March 31 from 3.06 million tonnes in…
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New interim EU tariffs due to take effect next weekThe European Commission has confirmed that member states, meeting last week to discuss possible new tariffs on steel imports, have provided "... overwhelming support" to the commission's plan. The new interim measures are due to take effect next week. They must include a 25% duty after the quota is…
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Production results of metallurgical enterprises of Ukraine for the first half of the yearIn June 2018, the mining and metallurgical industry of Ukraine smelted 1.63 million tons of pig iron and 1.67 million tons of steel. Pig iron production is 3% higher compared to May 2018, steel output was 2% lower. The output of rolled products decreased by 2% to 1.52 million tonnes. In the first…
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Job cuts to come at the largest platinum mineImpala Platinum Holdings Ltd., the world's second largest platinum producer, has already cut 2,500 jobs in the year to June and says there could be more cuts by the end of the year. Only 3 out of 10 mines in the aging mining complex have made money since March. Since then, the situation has only…
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Rising coal prices boost Australia's export earningsA new commodity report released by the National Bank of Australia predicted an average coal price this year of US98 ($ 132.50) this year, up 12 percent from last year. Coal prices in Newcastle have risen more than 40 percent in a year, reaching their highest level in seven years, but the industry…
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Turkey's steel production rises in the first 5 months of 2018Turkey's steel production in the first five months of this year rose 4.3 percent to 15.9 million tonnes, the Turkish Steel Producers Association (TCUD) said on Saturday. In May, Turkey's steel production rose 0.5 percent year-on-year to 3.3 million tonnes. Turkish steel exports fell 3.9 percent…
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Metals Markets Prepare for New Global DisorderDonald Trump's attempts to rebalance global trade have already plunged the metals world into chaos. As countries react to US tariffs and sanctions, unrest will escalate. The next steps may be more dramatic, as the US and China are engaged in a trade battle that could involve hundreds of billions in…
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Trouble at the largest steel mill in PolandThe technical condition of blast furnace No. 3 at the Arcelor Mittal Poland metallurgical plant in D Домbrowa threatens the health and lives of employees. Since tragedies may continue in the future, trade unions are sounding the alarm. According to the company, there is no threat and union…
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Mechel extends contract for the supply of Baosteel coal in China until 2019Mechel, one of the leading Russian mining and metals companies, announces the extension of its cooperation agreement with Baosteel Resources, which is part of China's largest steel company, China Baowu Steel. The agreement marks a long-term reliable cooperation between the two parties based on the…
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EU restricts steel importsEU countries supported the introduction of measures to restrict steel imports, having voted on Thursday to introduce temporary measures to restrict steel imports proposed by the European Commission to the Community, EU spokesman Daniel Rosario said. “Now the task of the Commission will be to…
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