Metallurgy news
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Dneprospetsstal sharply increased production of finished rolled productsIn March 2018, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 22,226 tons of steel, which is 5.7% higher than the level of the previous month. During the same period, the Company produced 14,889 tons of rolled metal, which is 5.9% more than in February 2018. The…
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ArcelorMittal Prefers Italian Steel Works and Sells CzechThe world's largest steel group, ArcelorMittal, has announced plans to sell its Ostrava plant to the government in Prague. According to Czech newspapers, the company wants to get rid of Czech assets, because only in this way the European Commission will agree to buy the ArcelorMittal steel mills in…
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Australian government raises iron ore price forecasts for 2018Australian economists raised their forecasts for iron ore and metallurgical coal prices for 2018 and 2019, but are of the opinion that prices will fall further over that time, according to a resource and energy report released on Monday. The report, which is released quarterly by the Australian…
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Copper prices decline after important announcement from Donald TrumpCopper and other metals are cheaper on the London stock exchange following the announcement by the US of additional obligations towards China. Donald Trump May Increase Customs Duty For Products From China. Copper in three-month shipments at the LME in London is valued at $ 6,754.00 per tonne after…
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China disputes US tariffs on steel imports at WTOChina's Department of Commerce has filed a complaint with the World Trade Organization (WTO) regarding US restrictions on imports of steel products. China's Commerce Department accused Washington Thursday of "commercial protectionism under the guise of national security" and criticized this…
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Production results of MMC of Ukraine for March and the first quarter of 2018In March this year, the metallurgical enterprises of Ukraine released: 1.68 million tonnes of pig iron, up 3% compared to February 2018, 1.71 million tonnes of steel, up 6%, rolled 1.51 million tonnes, up 7%. In the first quarter of 2018, the following was produced: pig iron 5.25 million tons (+ 8%…
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Will China's project spur global production of raw materials and metals?China's Belt and Road Initiative (BRI) is one of those rare things that almost everyone seems to have heard of, but equally very few people can claim to understand in detail what it means. Thinking in a big way, the BRI as a kind of Marshall Plan for Asia, Africa and even Europe is a set of…
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Ukraine has sharply increased the export of scrap metalUkraine in the first quarter of 2018 increased the export of ferrous scrap by 3.6 times compared to the same period last year (APPG) to 140,116 tons. In monetary terms, the export of scrap from Ukraine in January-March of this year increased 4.1 times to USD 47.788 million. In the Verkhovna Rada of…
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China's new countermeasures in response to US tariffsThe official said a Chinese industry body that has recommended targeting scrap metal in retaliation for trade against the United States and is already looking into what other measures could be taken. The United States is the largest supplier of scrap metal to China, which is the world's largest…
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Coal use will decline sharply in the next 30 yearsAccording to the World Bank, the world's dependence on energy sources such as oil and coal, one of the main culprits of pollution, is decreasing. “The model is coal and renewable energy, the model can be gas and renewable energy. I think in 10, 12 years we will see renewable energy sources and…
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