Metallurgy news
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Canadian government supports metallurgy amid US tariffsJustin Trudeau's government is once again providing an aid package for sectors affected by American protectionism. The total cost of the aid is nearly C $ 3 billion. The steel and aluminum package included both training aids for unemployed workers, support for endangered jobs, and measures to…
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Results of rolled metal production in Ukraine for 5 monthsDuring the first five months of 2018, the country's metallurgical enterprises produced 7.72 million tons of rolled metal, which is 5% higher compared to the same period last year, of which 6.43 million tons were exported, which is 83.2% of the total. The export level remained the same compared to…
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Steel mills in Southeast Asia add capacitySteelmakers in Southeast Asia are rapidly adding primary and secondary capacity amid rapidly growing domestic demand, especially for construction steel. Countries such as Indonesia, the Philippines, Malaysia and Vietnam are building additional rebar and wire rod capacity to meet growing demand from…
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Stocks of rolled metal in China at the lowest level since JanuaryInventories of steel products in China's warehouses fell to their lowest level in five months as strong demand from the construction sector since the end of April reduced traders' inventories. Steel stocks in 20 major cities stood at 9.66 million tonnes at the end of June, down 15.1% from the…
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Egypt received four bids for the construction of metallurgical plantsThe Egyptian Industrial Development Authority (IDA) has received four applications for new licenses for steel plants. Among them is an Arab company that currently does not produce steel in Egypt. Several Egyptian press reports earlier this month suggested that one of the applicants is Emirates…
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India to start a period of strong steel demand in 2018Steel demand has increased several times in India in recent months. According to the April and May report, total steel consumption is 8.5% higher than last year. The strength of domestic demand means that even as steel production rose 6.1%, exports fell as producers found buyers at home. Rolled…
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Prospects for overcoming the trade crisis between Europe and the United StatesSuch bad relations between the United States and the European Union have not existed for more than a few decades. After the US withdrew from the climate agreements, the withdrawal from the agreement with Iran, the G7 summit in Charlevoix was another blow to the EU. In a situation of such…
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Brazil changes gas production laws to stimulate investmentChanges to Brazilian mining regulations, including securing exploration ownership and providing incentives for lending, will spur investment in the Brazilian mining industry, Brazilian mining institute Ibrahm said. The terms "can restore the necessary legal security for long-term business," the…
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Ilva registration for ArcelorMittal may be questionableThe deadline for completing the sale of Ilva to ArcelorMittal may be delayed by a maximum of 90 days from the previous date set for early July. ArcelorMittal is expected to take control of Ilva in early July, under an existing contract signed with the Italian authorities when the group's bid in…
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Baosteel Raises Flat Steel Prices In JulyChina's Baosteel will raise steel prices in July by 100 yuan /mt ($ 16 per tonne), the steelmaker said late Monday. It will also drive up prices for low carbon CQ grade cold rolled sheets and coils. For the same grades of hot dipped galvanized steel coils, prices will increase by RMB 50 /t. The…
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