Metallurgy news
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Trade trend between China and the United StatesThe result of serious research into US steelmaking should encourage Chinese companies to use the US legal system to resolve disputes. This is the appraisal of one attorney from Beijing at a US law firm that helped successfully defend Chinese steel companies under investigation by the US Trade…
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Imported steel in the US is still doing wellThe introduction of 25 percent tariffs on steel imported into the United States pushed local producers to increase prices. They have grown so much that, despite the tariffs, American steel is again more expensive than imported steel. According to MEPS International, flat steel prices in the United…
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Metinvest Receives Gold for Innovation at SAP Quality Awards 2018Metinvest Group became the gold medalist of the SAP Quality Awards 2018 for the best innovative project among the countries of Central and Eastern Europe. The SAP Quality Awards is an international competition for the title of the best project of the year, which has been held by SAP, a German…
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Interpipe invested $ 8 million in the construction of a pipe finishing lineThe Ukrainian industrial company INTERPIPE has begun pilot operation of a new line for finishing pipes at the INTERPIPE NIKO TUBE plant in Nikopol (Dnepropetrovsk region). $ 8 million was invested in its creation. The additional capacity will increase production of line pipes for export markets and…
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Steel prices are falling in ChinaChina's steel and iron ore futures fell on Monday after data showed a slowdown in factory growth in China last month and before expiration this week as the United States is set to impose tariffs on Chinese exports of $ 34 billion. ... Signs of a slowdown in the Chinese economy and risks from steep…
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Scrap metal supplies to Turkey from Russia and Canada are growing amid a general drop in importsScrap imports fell 21% year-on-year to 1.65 million tonnes in May, according to the Turkish Statistical Institute (TUIK). Its average cost was $ 365.5 per tonne against $ 281 per tonne last year. Almost 99%, or 1.64 million tons in May of imports were obsolete scrap metal. The main supplier of this…
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Russia sues over US tariffs on steel and aluminum productsRussia has filed with the World Trade Organization against US duties on aluminum and steel imports, Russian Economy Minister Maxim Oreshkin said in a statement. US President Donald Trump imposed tariffs in March, charging 25 percent for steel imports and 10 percent for aluminum. He said they are…
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Thyssenkrupp Shareholders Demand Further Restructuring Following JV With Tata SteelThyssenkrupp's main shareholder, Cevian, called for further restructuring of the German conglomerate on Sunday, a day after the joint venture with India's Tata Steel was formed. Active investor Cevian is Thyssenkrupp's second-largest shareholder and, like Elliott's shareholder, has criticized…
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EU Tariffs for US Goods Come into ForceIn late June, the European Commission confirmed that the measures previously announced in response to US steel and aluminum tariffs were to take effect Friday. The EU will apply an additional duty (up to 25%) on imports of American products, including rolled steel, aluminum and agricultural…
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Steel prices in the US hold at a ten-year highThe impact of 25 percent tariffs on steel imports to the United States has been significantly eroded by rising domestic prices. It is clear that such a situation was not expected at the beginning of the initiative. Since the beginning of the year, the average selling price of rolled steel in North…
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