Metallurgy news
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Strike looms at Escondida's largest copper mineWorkers at Escondida, the world's largest copper mine, located in Chile's Atacama Desert, have voted in favor of the strike, rejecting an offer from BHP Billiton, which owns the mine. The Anglo-Australian company's proposal included a 1.5 percent pay increase. Whereas employees are demanding a 5…
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China will continue to reduce aluminum production in winter 2018-1919China should continue to cut production in the aluminum sector during the upcoming winter heating season (November 15 - March 15) in line with its goals of saving energy and reducing emissions, the Ministry of Industry and Information Technology said on its website. According to MIIT requirements…
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India holds strong position in US steel and aluminum import negotiationsIndia's Commerce Department is considering postponing the implementation of reciprocal US import tariffs and paving the way for a favorable 2 + 2 bilateral dialogue in September and exemption from US tariffs on Indian steel and aluminum. A reliable source told DNA Money that Washington has asked…
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ArcelorMittal profit grows 41% in Q2 2018ArcelorMittal expects the current favorable market conditions to continue in the second half of 2018. ArcelorMittal, the world's largest steel mill, posted strong results for the quarter and half year ending June 30, 2018. Profits rose significantly in the second quarter of 2018, mainly driven by…
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Extreme heat in Asia and Europe raises coal pricesAustralian thermal coal prices hit new six-year highs as a heatwave sweeping through the northern hemisphere triggered a surge in demand for coal-fired power to keep air conditioning running. Coal cargo prices from Australia's Newcastle terminal were set at $ 121.75 per tonne, the highest since…
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Interpipe to invest $ 14 million in the development of the production of pipes with premium connectionsThe Ukrainian industrial company Interpipe has launched an investment project to increase the capacity for the production of casing pipes with premium threaded connections. The main equipment for the new line will be supplied by Danobat, a leading manufacturer of metalworking equipment. Interpipe…
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Iron ore production on the rise in PeruPeru increased its iron ore production year on year in the first half of 2018. “Iron production growth in the first half of the year was supported by good results from January to May, which helped contain the -23.6% drop in June. The decline was due to a drop in the productivity of CPS1's mining…
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EU restricts Ukrainian steel exportsThe mining and metallurgical complex of Ukraine is under severe pressure from protectionist measures from the United States and the EU. Ukraine is a metallurgical exporter of about 85% of all manufactured metal products, and only 15% is supplied to the domestic market. Most countries give…
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US Steel Imports Down 16% Between May-JuneThe US imported a total of 2.48 million tonnes of steel in June, according to the American Iron and Steel Institute. This figure includes 1.84 million tonnes of finished steel products, down 15.5% from May's final data. Annual steel imports in the first six months of 2018 decreased to 17.8 million…
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Asia accounts for nearly 71% of global steel productionIn June of this year, the production of Asian crude steel was 107.378 million tons, which is significantly higher by 6.9% compared with the volume of production in the same period last year. In June 2017, regional production totaled only 100.458 million tonnes. Total production in the first six…
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