Metallurgy news
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Iran imposes restrictions on steel exportsIran has introduced a requirement that all steel exports include a certificate of origin. This is done in order to better track shipments overseas and hold in foreign currency received for export. Prior to this, some traders bought steel domestically and exported it at unofficial black market…
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Brazil announces US steel export quotasBrazil's Ministry of Industry, Foreign Trade and Services (Mdic) has confirmed the introduction of a quota system for steel exports to the United States. This is to avoid section 232 tariffs. “Restrictive measures are the sole responsibility of the United States and are administered by its…
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11 people killed in an explosion at a mine in ChinaEleven people were killed and nine injured in an explosion at an iron mine in northeastern China in Benxi, Liaoning province. 25 people are still trapped underground. The wounded were taken to the hospital. More detailed information is not provided. Mine accidents are frequent in China. In May, two…
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Stainless steel prices vary widely across marketsThe stainless steel market across regions of the world reacted differently to the announcement by the United States in early March 2018 of 25 percent tariffs on steel imports and 10 percent on aluminum. Uncertainty remained as temporary delays were given to shipments from selected countries until…
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China invests in steel production in ASEAN countriesTo improve steelmaking capabilities and environmental controls, the Chinese government has successfully minimized the country's obsolete steel capacity. It managed to eliminate a total of 120 million tonnes of overcapacity between 2016 and 2017, with a further 30 million tonnes of capacity…
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Europe prepares response to US steel and aluminum tariffsIn the first half of July, the European Commission is to submit a list of US products that will be covered by the higher duty in Europe. Higher duties may be imposed on alcohol and cosmetics, among others. In Berlin on June 4, one of the topics discussed in the EU was the situation after the…
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Metinvest launched an innovative railway station at Avdiivsky coke plantThanks to the investments of the Metinvest Group in the amount of UAH 24 million, the Uglekoksovaya-1 railway station was modernized at the Avdiivka Coke Plant. The turnouts and traffic lights along the entire route are controlled automatically. It is enough to set the start and end point of the…
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Production of Iranian iron ore concentrate is growingIran's major producers reported a 30% increase in iron ore concentrate production in the first month of the current Iranian year from March 21, 2018. But the country's exports of products are under the threat of US sanctions. At the same time, Trump's threat of sanctions against EU companies doing…
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The US poses the risk of destabilizing the global economyFrench Finance Minister Bruno Le Meir said that by introducing import duties on rolled steel and aluminum for partners, the United States risks destabilizing the world economy. “In a clash with America, the Europeans will gain nothing if they show weakness,” he added. On Friday, steel and aluminum…
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Political Uncertainty Holds Down Expansion of Ilva ProductionTroubled Italian steel mill Ilva is set to further boost productivity following the recently relaunched heavy slab production at its site in Taranto. However, a complete reboot of the company remains in limbo due to continuing uncertainty in Italian politics. Heavy plate production was resumed in…
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