Metallurgy news

• The threat of a new crisis for the UK steel industry has decreased The UK government has agreed to additional subsidies to reduce high electricity costs for the metals sector, pushing it back from plunging back into the crisis. However, European approval has yet to be reached to grant government aid to British steelmakers, who would bear electricity costs close... 17.01.2017  11:57

• The global zinc market is in short supply The latest statistics indicate that the global market for refined zinc was in deficit of 263,000 tonnes during the eleven months of 2016. The total number of registered zinc reserves decreased by 72,000 tons during this period. Refined zinc production for eleven months totaled 12.532 million... 17.01.2017  11:36

• China's steel exports fell for the first time in six years After six years of rapid growth, in 2016, steel exports from China declined for the first time in recent years. Market analysts believe that this was mainly due to the rise in steel prices, as well as the impact of frequent trade frictions. However, throughout 2017, steel exports are expected to... 16.01.2017  11:26

• Trump considers NATO obsolete The future US president in an interview with the British Times said that Britain's impending exit from the EU is positive, and the war in Iraq was "the worst decision in US history." In addition, Trump, in a joint interview with the Bild newspaper and the British Times, described NATO as an... 16.01.2017  10:29

• India's steel industry is playing a critical role in transforming the country The Indian Ministry of Steel has released a draft National Steel Policy (NSP). The project is open for proposals from interested parties until January 23rd 2017. According to NSP, India was the only major economy in the world where steel demand continues to grow positively at 5.3%. Rapid growth... 16.01.2017  09:58

• Automotive industry boosts production of HSS The automotive industry is driving up demand for HSS. In 2021, the steel market is expected to exceed $ 21 billion. In 2015, the HSS market was $ 14.27 billion and is expected to reach $ 21.17 billion in 2021. The report indicates that the outlook for the HSS market between 2016 and 2021 is... 15.01.2017  13:52

• Moody's to pay millions in fine to the US authorities Rating agency Moody 's has been held responsible for the financial crisis. Standard & Poor's and Fitch are also considered guilty, but to a lesser extent. Their higher credit ratings were wrong, as it turned out later. Therefore, Moody's will now have to pay $ 864 million in fines. As you know,... 14.01.2017  13:38

• Significant growth in copper imports to China Copper on the London Metal Exchange rose 0.3 percent as China imports most of the metal. Copper for delivery within three months is sold at LME 5,860.00 US dollars per tonne. In 2016, China imported 4.95 million tons of copper, 2.9 percent more than in 2015. In December, the Chinese imported... 14.01.2017  13:06

• Skoda launches first aluminum stamping line The PXL II line was created at the Mlada Boleslav plant in a specially built building with an area of ​​11.6 thousand square meters. Investments amounted to 86.4 million euros. The opening of the line enables the company to use large components made of aluminum for the production of vehicles. From M... 14.01.2017  12:53

• China will reject substandard steel production China is going to gradually reduce the production of low-quality steel. The country hopes to rein in emerging manufacturing capacity, scrutinize new projects, push for more mergers, and tighten controls over the iron and steel sector as a whole. China launched a nationwide program to crush... 13.01.2017  10:26