Metallurgy news
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G20 Discusses Rolled Metal Excessive Amid Tensions Over US ActionsEuropean officials said the G-20 leaders will discuss the metal overproduction at a summit in Germany as tensions escalate over US President Donald Trump's plan to use Cold War-era law to restrict steel imports for national security reasons. Trump began investigating the matter in April, and as a…
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After Merkel-Trump Meeting: More Differences in Trade and Climate IssuesGerman Foreign Minister Sigmar Gabriel said that positions on international trade and climate protection continued to diverge on Thursday following a meeting in Hamburg between Chancellor Angela Merkel and US President Donald Trump. Sigmar Gabriel and the head of American diplomacy, Rex Tillerson…
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Prices for stainless steels are fallingAccording to a report by MEPS International, stainless steel prices have fallen and may continue to fall in July and August. In addition, the trend is likely to persist over time in Europe and North America and may hit the bottom of the current cycle. In the United States, the decline in commodity…
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What does the Indonesian government want to do with the coal sector?Indonesian authorities are trying to restrict coal mining and exports in the country in order to secure more reserves for future use as fuel in coal-fired power plants in Indonesia. Local coal miners find it difficult to resist producing and exporting more coal as coal prices are now 50 percent…
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NLMK Stoilensky GOK produces its 3 millionth tonne of pelletsStoilensky GOK, part of the international steel company NLMK with operations in Russia, the European Union and the United States, produced its three millionth tonne of iron ore pellets at its granulating plant, one of the largest in Europe. The plant has a design capacity of 6 million tons of…
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US trade actions threaten Ukraine and strengthen RussiaAs the American president prepares for his first meeting with the president of the Russian Federation this week, at the G-20 summit in Hamburg, Germany, the US Department of Commerce is making two important trade decisions that threaten Ukraine's economic and geopolitical stability. In 2014, when…
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Trump government intends to impose import duties on steel and other productsSenior consultants to the Trump government are planning to introduce tariffs on steel imports, where the tax rate could be as high as 20%. However, the range of products that may be subject to duties include aluminum, paper, semiconductor washing machines, etc. However, among cabinet members, only…
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Zaporizhstal reduces steel productionIn June of this year, the production of finished rolled products of the Ukrainian steel company Zaporizhstal fell 11.3% to 253,700 tons compared to the same period last year, including the production of pig iron decreased by 15.1% to 276,100 tons compared to the same period last year. ; crude steel…
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China closed induction furnacesBy the end of June, China had completed the elimination of old induction furnaces at its smelters. The problem affected more than one and a half thousand companies throughout China and furnaces with a total capacity of 119 million tons. This power has long been used only to a small extent. The…
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Auto parts manufacturer Takata changes ownershipThe Japanese company Takata, with manufacturing facilities on four continents, has sold most of its factories. This should play a major role in protecting against creditors in the US and Japan. The new owner promises that no one will lose their job. Defective gas generators in Takata airbags have…
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