Metallurgy news
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MMK's crude steel production is growingMMK, a Russian steel group, reported that it increased sales and production of steel products in the second quarter and first half of 2017. In the second quarter, the company's crude steel production increased by 3.8% to 3.18 million tonnes compared to the same period last year. In the second…
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Trump's policy promotes the opening of one of Alcoa's plants in the United StatesAlcoa has decided to partially reopen Warrick's closed aluminum smelter. After the Trump administration announced plans to cut steel and aluminum imports, especially from China, aluminum prices in the US are on the rise. Alcoa has announced plans to reopen three aluminum production lines at…
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Rio Tinto iron ore export forecast for 2017Mining giant Rio Tinto this year has slashed its annual targets for the supply of Australian iron ore and coking coal for steelmaking, as well as bad weather and ongoing work to modernize its rail lines. In 2017, exports of iron ore from Australia's west coast are expected to be around 330 million…
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Ukraine has to sell coke to TurkeyEvraz Yuzhkoks, located in the Dnipropetrovsk region, ships products for export to Turkey due to the lack of demand for products in Ukraine due to the continuing downtime of the Dnieper Metallurgical Plant (DMK), which is part of the Industrial Union of Donbass corporation. For the plant, this is a…
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Trump government challenges WTO rulesTrump government challenges WTO rules The US government planned to complete the study of steel imports from various countries by the end of June, but now by July. The introduction of the customs tax caused a real commotion, mainly in the domestic market and among US partners. Internal…
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What is behind China's record steel production?In June, China's giant steel sector smelted 72.78 million tonnes. This is equivalent to an annual production of 891 million tonnes. The previous monthly record was set in May 2014 at 71.16 million tonnes. This year, however, this historic rate has been exceeded in every month since February. There…
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The grain harvest in Ukraine at the moment is 6.5 million tonsAll Ukrainian regions began harvesting grain in 2017, threshing 6.5 million tonnes of grain with an average yield of 3.18 tonnes per hectare, the agriculture ministry said on Friday. As of July 14, farmers harvested grain from 2.0 million hectares, the ministry said in a statement. The Ukrainian…
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Behind the scenes, companies fight Trump over steel tariffsAmerican manufacturers, energy companies and retailers relying on cheap steel are quietly lobbying President Donald Trump to impose tariffs on steel imports ahead of a possible decision by the US Department of Commerce next week. In keeping with his 2016 campaign promise, Trump in April initiated a…
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The situation in the Chinese steel market may lead to an increase in world steel pricesChinese steel mills enjoy strong margins as they continue to benefit from the government's displacement of induction furnaces. The country's demand for steel products is also boosted by a robust housing market. But how long will these market conditions last? The main factor this year has been the…
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Trump ponders quotas and tariffs on steel importsPresident Donald Trump told reporters that the US could use quotas and tariffs to prevent illegal dumping of steel in the US market, according to a CNBC report. “There are two ways - quotas or tariffs. Perhaps I will do both, ”said Trump, according to excerpts from his conversation with reporters…
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