Metallurgy news
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Claims to Kobe Steel about inaccurate data on metal strengthKobe Steel announced that it has received a group statement from US customers alongside Toyota. They are demanding compensation for the use of materials with lower parameters in the production of cars than it was indicated in the manufacturer's declaration, Kyodo reported on Wednesday. Rolled steel…
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China may drop US steel and aluminum tariffsChina's overall exports are unlikely to be crushed by the recent US decision to impose tariffs on steel and aluminum imports, but there are concerns about further protectionist measures that could be damaging to global trade. Any additional measures from the US could hinder the Asian giant's…
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Damage from Trump's tariffs for Ukraine will amount to more than $ 100 million a yearIn the past, Ukrainian metallurgists supplied to the United States about 1.3 million tons of pig iron and about 200 thousand tons of rolled products. The share of rolled steel amounted to 1.3% of the total export of Ukrainian metal products. It was a promising market where exports from Ukraine…
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Russia and China will work on a joint project for the extraction of uraniumOn Monday, Rosatom announced that the Russian-Chinese Investment Fund for Regional Development will begin financing a project to extract uranium in the Trans-Baikal region in Russia. The project is located in the southeastern region of Transbaikalia and has a 998 km border with China and an 868 km…
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EU threatens customs war not only from the US, but also with ChinaThe economic and investment environment led to an increase in the number of orders, which was followed by a rise in prices in the first quarter. In the second quarter, the situation will stabilize in price, also due to the announced amendments for some raw materials, says Marek Lolubovski…
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Ukraine wants to achieve exclusion from the list of countries that will pay 25% duty on the import of steel to the United StatesThe Ministry of Economic Development of Ukraine is taking measures to exclude Ukrainian metal products from the punitive import duties on steel imposed by the United States. This was discussed at a regular working meeting with representatives of the metallurgical industry, took place on March 12…
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Copper in London is cheaper after signals from the Chinese parliamentCopper prices on the London Metal Exchange are falling in response to signals from China that demand for industrial metals may weaken. There are also concerns in the market about a possible global trade war. Chinese Commerce Minister Zhong Shan said on Sunday that any commercial war could be…
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US tariffs to have limited impact on global coking coal supplyUS coking coal exports could fall prey to US tariffs on US steel imports, but while the US is the second largest offshore supplier of coking coal after Australia, the impact on the global market will be limited, market sources say. US coking coal will logically move towards the domestic market…
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Steel industry expects EU to react quickly to US tariffsThe EU does not need a customs war, but it would be very risky not to take any action. “This gives the people of Europe a signal that we are weak and we cannot defend them. Then they will lose confidence in the EU as a whole. That is why I am calling for a strong, unified response from the…
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PJSC "ArcelorMittal Kryvyi Rih" will increase the salary of its employeesOn the eve of the holidays, the General Director of PJSC "ArcelorMittal Kryvyi Rih" Paramzhit Kalon announced an increase in wages to employees. Information about this was announced on March 7 at the attendance report for the heads of the divisions of the plant. At the moment, the company's…
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