Metallurgy news
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G20 uncovers three-pronged steel battle between EU, US and ChinaAs battles between police and protesters raged outside, the leaders of the European Union, the United States and China came close to tearing apart the trade front at the G20 Hamburg summit. “We already hear that some parties are considering introducing protective measures against steel imports in…
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China conducts steel quality inspectionsBetween July and September, China will test its construction steel production, implementing a policy to combat low-grade metal. The move comes after global metal consumers announced earlier this year that they are aiming to eliminate the production of environmentally friendly low-grade steel…
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EU steel market prospects improve in 2017A strong start to the year, a robust steel market and economic growth predict good conditions for EU sales. However, increased protectionism could lead to the proliferation of catastrophic distortions in the global trade flow. EU Steel Market Steel consumption in the EU increased by 3.1% compared…
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EU announces tariffs in response to US actionThe European Union will retaliate if the US imposes punitive tariffs on steel from the EU, as European Commission President Jean-Claude Juncker said at the G20 summit in Hamburg. “If the US imposes tariffs on European steel imports, Europe is ready to react immediately and adequately,” Juncker told…
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G-20 calls for fight against market-distorting subsidiesA key passage in the G-20 communiqué calls on world leaders to "urgently" seek the elimination of "market distorting subsidies and other forms of support from governments and related organizations." These demands were much tougher than those adopted at last year's G-20 summit in Hangzhou, China…
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Experts predict a rise in prices for rolled metal in JulyPrices for rolled metal in regional markets in the coming month will increase due to the activation of traders due to the need to replenish warehouses after a long pause in purchases, according to a press release from the state enterprise Ukrpromvneshekspertiza (UPE) on Monday. At the same time, it…
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Putin: Russia is not afraid of US competition in EuropeIn Hamburg, Russian President Vladimir Putin expressed confidence that in the liquefied natural gas (LNG) market, Russia does not need to fear US competition. “We are convinced that we have a great price advantage over the US proposal because the US needs to transport LNG on a much longer route to…
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Expert opinion: Russian metallurgy has every opportunity to improve its competitivenessIt is known that metallurgy is one of the main branches of the Russian export sector. However, over the past 15 years, there have been significant changes in the global metallurgy market, with steel production increasing rapidly in India, Brazil and Turkey. China is the main steel producer in the…
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US and Russia agree to ceasefire in SyriaUS Secretary of State Tillerson confirmed the agreement. The United States and Russia unexpectedly agreed to a ceasefire in southwestern Syria. The ceasefire, which also includes Jordan, is set to go into effect on Sunday, US Secretary of State Rex Tillerson said Friday in Hamburg. In Hamburg…
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Sergey Taruta is ready to act as the guarantor of the solvency of the DMKThe problem of shutting down the Dnieper Metallurgical Plant from a local one turns into a global one - today the lack of production at the city-forming enterprise is already fully reflected in most of the spheres of Kamensky's life. If the situation is not changed in the near future, then not only…
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