Metallurgy news
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Copper trains are regularly looted in the Chilean Atacama DesertAbout 40 incidents were reported in the first half of 2018, according to prosecutors in Antofagasta, up from just six since 2014. Thefts began to rise in late 2017 as copper rose in price to its highest level in two years. While prices fell last month, thieves are oblivious to the turmoil in the…
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The wave of anxiety is growing in the EU marketUS operations at the global level are already having an impact and will continue to affect the steel market in the European Union and globally. In March this year, the European Commission began protecting EU producers. Among the product categories of materials, there are 26 main items. Generally…
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Iranian steel industry grows by 22%Industry, Mines and Trade Minister Mohammad Shariatmadari said steel production reached 22 percent growth in the current Iranian fiscal year (started on March 21, 2018). Speaking at a ceremony to expand the Saba Steel Company project in Isfahan province, he said, "The ministry has focused on…
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U.S. Senate Rebuke Trump for Article 232 TariffsThe US Senate passed Bill 88-11, which asks President Donald Trump to increase the Senate’s role in discussing tariffs as part of national security standards, but the bill is seen largely as a symbolic measure. The bill is non-binding and must first be passed by the U.S. House of Representatives…
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Japan plans to increase steel output between July and SeptemberJapan's crude steel production is expected to rise 2.3 percent during July-September from the previous year amid strong local demand for cars, industrial machinery and construction, the country's industry ministry said on Monday. The Ministry of Economy, Trade and Industry (METI) estimates that…
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US gold imports dropped significantlyUS gold imports in the first five months of this year fell by more than 6%. The data point to a marginal jump in the country's gold exports during the above period. Gold imports in January-May 18 were estimated at $ 4.29 billion in the first five months of 2018, down 6.1% from the same period a…
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World stainless steel production increased by almost 10%Stainless steel production statistics released by the International Forum (ISSF) show a significant jump in global metal production during the first three months of 2018. Stainless steel output rose 9.5% year over year during the first quarter of this year. Over the previous quarter, production…
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JSW Steel increases production of steel productsIndia's private steel sector, represented by JSW Steel, is ramping up production of long steel products to meet demand for government-funded infrastructure projects. The company's steel sales increased 16% to 3.55 million tonnes in the 2017-18 fiscal year ended March 31 from 3.06 million tonnes in…
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New interim EU tariffs due to take effect next weekThe European Commission has confirmed that member states, meeting last week to discuss possible new tariffs on steel imports, have provided "... overwhelming support" to the commission's plan. The new interim measures are due to take effect next week. They must include a 25% duty after the quota is…
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Production results of metallurgical enterprises of Ukraine for the first half of the yearIn June 2018, the mining and metallurgical industry of Ukraine smelted 1.63 million tons of pig iron and 1.67 million tons of steel. Pig iron production is 3% higher compared to May 2018, steel output was 2% lower. The output of rolled products decreased by 2% to 1.52 million tonnes. In the first…
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