Metallurgy news
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Ukrmetallurgprom and World Steel Dynamics signed a memorandum of cooperationThe Ukrmetallurgprom Association of Enterprises and World Steel Dynamics (USA) signed a Memorandum of Cooperation, which provides for a joint solution of issues to optimize and improve the efficiency of metallurgical production in Central and Eastern Europe and the EU-28 in cooperation with EUROFER…
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BHP cuts iron ore forecast for 2018BHP Billiton Ltd cut its 2018 iron ore mining guidance on Thursday, citing problems in its railcar unloading system, posting an 8 percent increase in iron ore production in the third quarter. The miner cut its financial projections for 2018 to 272-274 million tonnes of iron ore from 275-280 million…
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Prices for rolled metal are growing in ChinaChinese steel futures climbed to their strongest level in five weeks, keeping inventories on the rise in construction demand, with iron ore rising to a one-month high. Coke futures also surged to a five-week high, surging more than 4 percent, and a group of small Chinese producers are considering…
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Peru expects billions of dollars in investment in the mining sectorPeru is the world's second largest copper producer and the sixth largest gold producer. The Peruvian Ministry of Energy and Mines announced today that it is expected to reach $ 20.8 billion in investment between 2018 and 2022, with 10 percent of such investment filling the country's treasury by the…
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New steel plant under construction in Austria for the first time in 40 yearsIndustrial giant Voestalpine is building a € 350 million plant in Kapfenberg, southwest of Vienna, which is expected to be fully automated. The construction work itself should take three years and create up to 1,000 jobs. Work within the plant itself will be digitized, which means more careful…
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India is ready for foreign investment in metallurgyIndia's new steel projects will boost steel production capacity to 150 million tonnes by 2020. The sector has tremendous growth potential as the country becomes the second largest steel producer in the world with increasing domestic consumption. Foreign players such as Posco, ArcelorMittal and…
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China bans import of 16 more sources of scrap metalA posting on the website of the Ministry of Ecology and the Environment identified the following 16 categories of waste that will be banned from imports at the end of 2019. This list includes, among others, scrap stainless steel, titanium, zinc and magnesium. The Chinese Ministry has announced a…
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Russia wants to receive compensation from the United States for duties on steel and aluminumRussia has asked the World Trade Organization (WTO) to recover damages caused by the US import duties imposed by the administration of President Donald Trump on steel and aluminum. WTO members may not comply with certain WTO rules if they prove that they impose tariffs only to ensure national…
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Poland's fight against carbon dioxide emissions threatens thousands of jobsPoland's energy-intensive industries, which include metallurgy, are expected to move companies to other regions of the world in the coming years, where no one cares about the fight against carbon dioxide emissions. Electricity prices in Poland are higher than those of its neighbors, which leads to…
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Nippon Steel Decides to Install New Continuous Galvanizing Line at Kimitsu PlantsNippon Steel and Sumitomo Metal Corporation (NSSMC) announced their decision to install a new electroplating line at their steel plant in Kimitsu, Japan. The installation of the new continuous hot-dip galvanizing line is expected to help increase the production of ultra-high strength steel sheets…
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