Metallurgy news
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Potanin returned a 2% stake in Norilsk NickelRussian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in the holding that manages Potanin's assets and a source familiar with the matter. The initial sale of the stake was contested in a London court by the…
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Chinese Aluminum Makers Activate Amid Rusal Supply ConcernsIn August, China increased its aluminum shipments to global markets as buyers sought out the largest producer to replace the metal, United Co. Rusal, who was hit by US sanctions. Exports of unprocessed aluminum and products reached 517,000 tonnes, almost the same as 520,000 tonnes in July, the…
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Posco hires 20,000 new employeesOver the next five years from 2019, South Korea's Posco steel company will invest 45 trillion won (US $ 40.5 billion) in its steel and clean energy facilities, creating about 20,000 jobs in the process. in a company message on Monday. The plan marks the first major investment announcement by the…
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China's steel production hits new highDespite a three-year campaign to cut overcapacity and government restrictions to combat smog, the country's steelmakers continued to set monthly production records. China's steel production rose 7.2 percent in July from a year earlier to 81.24 million tonnes, according to the National Bureau of…
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ArcelorMittal came to an agreement with the trade unions of the Ilva plantArcelorMittal has agreed with the unions of the largest steel mill in Europe, Ilva ("Ilva"), in the Italian city of Tarencie. Thus, bringing the acquisition process to the home stretch. In May, ArcelorMittal received approval from the European Commission for the purchase of Ilva. However, this…
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In August 2018, coal production in Ukraine reached 2,904 thousand tonsIn August 2018, coal mining enterprises of Ukraine of all forms of ownership produced 2,904,151 tons of coal. The plan was fulfilled by 103%, according to the report of the Ukrainian coal industry. In particular, the production of coal mines under the control of the Ministry of Energy amounted to…
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Indonesia to introduce up to 10% import tariffs on processed productsThe Indonesian government plans to impose 7.5-10 percent tariffs on imports of processed products to restrict imports. For raw materials, import tariffs will be 2.5 percent. The Industry Ministry explains that the government plans to complete a revision of import tariffs this month to improve the…
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ArcelorMittal Achieves Top Energy Efficiency Results in USALeading steelmaker, ArcelorMittal, has been honored with two awards for the industry's largest energy management effort on a variety of projects. The company's American businesses, through various innovative energy conservation measures, have resulted in savings of approximately US $ 257 million…
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Coal in Europe is approaching $ 100Coal prices in Europe are on track to exceed US $ 100 per tonne, the highest level since 2013, as China's demand for electricity attracts more cargo of the dirtiest fossil fuels. China is the world's largest coal-consuming country. Its demand for fuel cargo at major coal sites in the Atlantic Basin…
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India's steel exports to the United States fell 42%Indian steel exports to the US fell 42% during the first quarter of the Indian financial year. The sharp decline in export volumes came at the expense of steel import duties recently imposed by the Trump administration. India, despite several rounds of negotiations with its American counterparts…
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