Metallurgy news
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Anti-dumping import duties on cold rolled stainless steelThe Malaysian government has imposed temporary anti-dumping duties on cold rolled stainless steel imports from China, South Korea, Taiwan and Thailand, establishing sufficient evidence to continue their investigation. The duties, which range from 7.27% to 111.61%, and will be valid for no more than…
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Fed policy boosts commoditiesFederal Reserve Chairman Janet Yellen noted that she will continue to raise interest rates and begin to cut the balance sheet. Under normal circumstances, this policy should lower commodity prices. But this is not happening. In recent history, the balance sheets of the major four central banks -…
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Ukraine harvested grain from 78 percent of the areaUkrainian farmers have harvested 43.7 million tonnes of grain with an average yield of 3.86 tonnes per hectare this year, the agriculture ministry said on Tuesday. Farmers, as of October 10, dropped 78 percent of the grain from the 14.6 million hectares planted with grain. The ministry said farmers…
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India aims to oust Japan as the world's second largest steel producerSteel demand in India is gaining momentum amid extensive infrastructure construction. Minister of Industry Secretary Aruna Sharma said: "We expect domestic consumption to increase over ten years, starting in 2020." Currently, the annual capacity of all steelmaking plants in India is 126 million…
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The construction industry needs to increase the range of rolled metal productsDuring the last International Metallurgical Forum "Science and Innovations" the Executive Director of the USCC Vyacheslav Kolesnik spoke about the needs of the Ukrainian construction market in a wide range of rolled metal products. Speaking to the forum participants, Vyacheslav Kolesnik said that…
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The power of the global coal energy will increase by 43%Chinese companies will build 700 coal plants in China and beyond. The surprising numbers run counter to the year-over-year trend in China, where dangerously high levels of pollution are forcing the closure of hundreds of coal mines and curtailing steel production. In January, Beijing announced that…
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Iron ore dangerously close to $ 60 per tonIron ore prices continued their downward trend on Tuesday amid continuing fears that the looming environmental contraction in China's steel production will reduce demand for steel raw materials. Ore with 62% iron in Qingdao port fell 2.6% to $ 61.01 per tonne. The best-selling iron ore on the…
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Coal prices continue to rise in European portsInternational coal prices have continued to rise in recent weeks. The most dynamic growth was observed in European ports, according to the latest analysis by the Industrial Development Agency, which monitors the situation on the coal market. Currently, the price of coal on the world market is for…
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Ukrainian miners blocked crossing the border with PolandCoal miners in the Volyn region in northwestern Ukraine have blocked the road to the Yagodin-Dorogusk border crossing with Poland, according to the Ukrainian border guard. They are demanding payment of back wages. The blockade participants are workers of the mine in Novovolynsk, who have not been…
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Thyssenkrupp moves away from combustion enginesThyssenKrupp has created a new structure for Forged Technologies. The company announced that it will strive to create new products for industrial equipment and continue to scale down production of components for internal combustion engines. ThyssenKrupp has a strong position in the market for…
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