Metallurgy news
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China will step up its fight against illegal coal mining in 2018China will carry out "special measures" in 2018 to curb illegal coal mining in order to keep mines safe and cut production capacity, the state Occupational Safety Administration said in a statement Monday. Coal mines that do not meet safety or operational standards will be ordered to cease…
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Copper prices are clearly rising after good information from ChinaCopper on the London Metal Exchange rose 1.1 percent. The metal in the LME in 3-month delivery was priced at $ 6,786.00 a tonne after the opening session after a 0.5% increase, but is now worth $ 6,288.50. On Monday (Feb 12), all industrial metals recovered from their strongest weekly results last…
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Tata Steel wants to increase steel production for the automotive industryTata Steel has recently invested heavily in the expansion and modernization of its Port Talbot plants to increase production capacity and improve product quality. The goal is more sheet metal for the automotive industry. Tata Steel announces that it intends to produce sheets used for the production…
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EU duties on Chinese galvanized steel spark outrageThe Chinese Ministry of Commerce said it was dissatisfied with the EU's decision to impose anti-dumping duties on Chinese galvanized steel. The ministry said the EU used data from Brazilian companies, which are assessing prices and spending data from Chinese businesses in the course of an…
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China plans to reach 2020 steel cut target this yearChina is set to meet its 2020 target of steel production cuts in 2018, two years ahead of schedule, the industry ministry said in a statement. The original plan called for a reduction of 150 million tonnes of metal products by 2020. However, the world's largest producer will face greater pressure…
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In 2018, the forecast for global steel production exceeds the level of last yearGlobal steel production in 2017 increased by 5.3 percent year-on-year to 1.69 billion tonnes in response to strong demand for rolled steel used for industrial production. The release of new products involves various stages of design from development of 3d-models, design documentation, technical…
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Copper prices rise after new lossesCopper on the London Metal Exchange rose 0.5% after a sharp drop in quotes in previous sessions. The metal on the LME with a 3-month supply is $ 6,918.00 per tonne. Chinese customs announced on February 8 that imports of raw copper and copper products in January 2018 increased by 16.1 percent MoM…
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What threatens the metallurgy of the European UnionIt would seem that steel production is still an important element of the European Union's economy. Metallurgy ranks first among the protected industries. From what? Unfortunately, it must be admitted that the EU attacks the industry much better than it defends it. The European Union creates…
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Metallurgical raw materials rose sharply in priceCommodity steel coke rose to a six-week high in China on Tuesday, and steel and iron ore prices rose to their strongest in a week as investors challenged the global market and raised their rates amid supply disruptions. Steel-related commodities were among the few to have escaped the global market…
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The new bill should eliminate corruption in the Ukrainian scrap marketThe draft law "On shading the market for metallurgical raw materials" should not only eliminate corruption at different levels in the industry, but also ensure industrial growth in Ukraine. This is the opinion of the President of the Association of Enterprises "Ukrmetallurgprom" Alexander Kalenkov…
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