Metallurgy news

• Middle East dramatically increases steel production According to the World Steel Association (WSA), steel production in the four major countries in the Middle East showed double-digit growth in January 2017 as regional steel production rebounded. The World Steel Association controls four countries in the Middle East, where crude steel production... 04.03.2017  17:42

• End of secret EU gas agreements The European Parliament has adopted rules regarding control over gas contracts and oil supplies between EU states and third countries. Prior to the entry into force of the new rules, EU countries are obliged to inform the EU about energy agreements with third countries after they are signed.... 03.03.2017  10:03

• Tata Steel begins production of ferrochrome Tata Steel's recently commissioned ferrochrome plant in the Gopalpur industrial park in the Odisha area has reached a milestone in production. The company started a new ferrochrome production, which is carried out in compliance with all technical parameters. The plant has an installed capacity... 03.03.2017  09:53

• Steel prices rise in China amid strong demand Steel demand in China improved in March as construction work intensified amid warm weather, while steel mills in some northern regions were ordered by the government to cut production to reduce smog. Closing plans could push steel prices up. Reinforcing bars are the most demanded for... 03.03.2017  09:34

• Global demand for gold jewelry has decreased Global demand for gold for jewelry production fell by about 20 percent, according to the precious metals trade association last year. The trade association reported weak demand for gold in China, falling by at least 16 percent. At the same time, the gold market in Germany is stable. About half... 03.03.2017  09:12

• EU approves final duties on plates from China The European Commission has decided to impose final anti-dumping duties on plates from China, backing temporary duties introduced last fall. According to a study by the European Commission, the discharge rate is 120 - 127 percent. For European manufacturers, this means a significant decrease in... 02.03.2017  11:45

• Zaporizhstal production results for February During February 2017, Zaporizhstal produced 254.3 thousand tons of pig iron, 293.3 thousand tons of steel, 247.1 thousand tons of rolled metal. The volume of production of pig iron in February of this year fell by 13.8 percent at an annual level. Steel production decreased by 9.2 percent for the... 02.03.2017  11:33

• Stainless steel prices stabilize after a year of growth - MEPS MEPS notes that March 304 stainless steel contracts in Europe and North America will be slightly lower. Because the average nickel prices on the LME are dropping slightly. Manufacturers may try to raise the baseline in order to maintain stable transaction values. However, factories in China and... 02.03.2017  11:11

• Half a million Chinese will lose their jobs in the iron and steel industry As a result of government measures, about 500 thousand people will lose their jobs in the metallurgical and mining industries this year. This is part of Beijing's struggle with overcapacity in energy-intensive sectors of the economy. Their plans were announced at the Chinese Ministry of Labor.... 02.03.2017  10:36

• Coal consumption in China falls for the 3rd year in a row China's coal consumption declines for the third consecutive year in 2016 as the world's largest pollutant increasingly faces massive environmental challenges. The National Bureau of Statistics reported that coal consumption fell 4.7 percent last year. The share of coal in China's total energy... 01.03.2017  10:56