Metallurgy news

• What does the Indonesian government want to do with the coal sector? Indonesian authorities are trying to restrict coal mining and exports in the country in order to secure more reserves for future use as fuel in coal-fired power plants in Indonesia. Local coal miners find it difficult to resist producing and exporting more coal as coal prices are now 50 percent... 06.07.2017  12:41

• NLMK Stoilensky GOK produces its 3 millionth tonne of pellets Stoilensky GOK, part of the international steel company NLMK with operations in Russia, the European Union and the United States, produced its three millionth tonne of iron ore pellets at its granulating plant, one of the largest in Europe. The plant has a design capacity of 6 million tons of... 06.07.2017  12:28

• US trade actions threaten Ukraine and strengthen Russia As the American president prepares for his first meeting with the president of the Russian Federation this week, at the G-20 summit in Hamburg, Germany, the US Department of Commerce is making two important trade decisions that threaten Ukraine's economic and geopolitical stability. In 2014,... 05.07.2017  18:50

• Trump government intends to impose import duties on steel and other products Senior consultants to the Trump government are planning to introduce tariffs on steel imports, where the tax rate could be as high as 20%. However, the range of products that may be subject to duties include aluminum, paper, semiconductor washing machines, etc. However, among cabinet members,... 05.07.2017  13:17

• Zaporizhstal reduces steel production In June of this year, the production of finished rolled products of the Ukrainian steel company Zaporizhstal fell 11.3% to 253,700 tons compared to the same period last year, including the production of pig iron decreased by 15.1% to 276,100 tons compared to the same period last year. ; crude steel... 05.07.2017  13:05

• China closed induction furnaces By the end of June, China had completed the elimination of old induction furnaces at its smelters. The problem affected more than one and a half thousand companies throughout China and furnaces with a total capacity of 119 million tons. This power has long been used only to a small... 05.07.2017  12:55

• Auto parts manufacturer Takata changes ownership The Japanese company Takata, with manufacturing facilities on four continents, has sold most of its factories. This should play a major role in protecting against creditors in the US and Japan. The new owner promises that no one will lose their job. Defective gas generators in Takata airbags... 04.07.2017  13:37

• Trump's first defeat in climate policy The Court of Appeal on Monday blocked the decision of the administration of US President Donald Trump to suspend the restrictions imposed by President Barack Obama on methane emissions from oil and natural gas production, The Hill reported. "The Obama Directive 2016 was part of a strategy to... 04.07.2017  12:37

• LME copper surges 5.1 percent in June Goldman Sachs analysts believe that in the short term, copper prices on the London Metal Exchange could rise to $ 6,200 per tonne, an increase of 4 percent, thanks in part to the loose monetary policy of the central bank of China. Good news for the raw materials market at the beginning of the... 04.07.2017  10:27

• Trump vows to secure American energy dominance US President Trump, during a speech at the Energy Department headquarters, announced a number of energy sector measures, including efforts by the US nuclear power industry to ensure expansion of US coal exports as well as the construction of new coal facilities overseas. Trump said his... 03.07.2017  12:10