Metallurgy news
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Decrease in steel prices for the world's top producerSteel prices in China are quickly returning to the ground. Reinforcing bar, a reference product used in construction, sank to its lowest level since August after a five-week retreat as demand surged. The material has dropped 18% since peaking at a multi-year high in early December. At the same…
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In Iran, the production of steel and iron ore is growing from year to yearCompanies associated with Iranian state-owned mines and the Imidro metallurgical holding company produced 27.9 million tonnes of iron ore concentrate in the first nine months of the current Iranian fiscal year, March 21 - December 21, up 17% from a year earlier. With the start of several iron ore…
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China's iron ore imports hit record highs in 2017Imports of Chinese iron ore fell 11 percent in December from the previous month, but shipments hit a record high in a full year, according to customs officials. The largest global consumer in the world bought more imported raw materials to increase steel output. Imports in December amounted to…
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There are not enough metals for green energyIn the past year, significant progress has been made in the consumption of renewable energy. However, green energy is still a small but rapidly growing segment. To ensure a full transition to green energy, the use of certain metals will need to increase more than 10 times from what is currently…
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USA to recalculate anti-dumping duty on Hyundai metallurgical productsA U.S. court ordered the U.S. Department of Commerce to recalculate the anti-dumping margin for Hyundai Steel Co. products, a partial victory for South Korea's second-largest steelmaker. US Court of International Trade Judge Jane Restany said Wednesday (local time) that the Commerce Department's…
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Chinese steel futures ramp up profitsChinese steel futures rose for a third straight day after Beijing stepped up measures to curb steel production to curb overcapacity and help stem pollution, but overstretched demand worries. The most active rebar contract on the Shanghai Futures Exchange rose 0.1 percent to 3838 yuan ($ 589.81) a…
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Forecasts show further increase in copper pricesCopper is still getting more expensive on the London stock exchange. Metal on the LME in 3-month delivery was valued after the opening session at $ 4.50 higher compared to January 10 - after $ 7,155.50 per tonne. This was in reaction to forecasts by Citigroup analysts that there are risks of rising…
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Polish sheet steel strengthens export positions in EuropeThanks to investments and the blocking of steel imports from the East, Polish metallurgical plants are increasing their foreign sales. Exports of sheet metal have increased by almost half. At the end of 2017, the export of steel sheets from Poland increased by 43.2 percent. The reasons for the…
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IG Metall will continue strike in GermanyJörg Hofmann, head of the German trade union IG Metall, announced the continuation of preventive action in the metallurgical and electrical industries until the next round of tariff negotiations. In North Rhine-Westphalia, more than 20,000 employees were invited to strike on Wednesday, an IG Metall…
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Vietnamese Metallurgists Demand Strong Response to US TariffsThe Vietnamese Steel Association (VSA) is urging the government to take strong action against the anti-dumping duties imposed by the United States on certain products, including considering WTO litigation if necessary. The association has asked the Ministry of Industry and Trade (MIT) to take…
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