Metallurgy news
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Trump's first defeat in climate policyThe Court of Appeal on Monday blocked the decision of the administration of US President Donald Trump to suspend the restrictions imposed by President Barack Obama on methane emissions from oil and natural gas production, The Hill reported. "The Obama Directive 2016 was part of a strategy to reduce…
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LME copper surges 5.1 percent in JuneGoldman Sachs analysts believe that in the short term, copper prices on the London Metal Exchange could rise to $ 6,200 per tonne, an increase of 4 percent, thanks in part to the loose monetary policy of the central bank of China. Good news for the raw materials market at the beginning of the week…
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Trump vows to secure American energy dominanceUS President Trump, during a speech at the Energy Department headquarters, announced a number of energy sector measures, including efforts by the US nuclear power industry to ensure expansion of US coal exports as well as the construction of new coal facilities overseas. Trump said his government…
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China's Manufacturing Sector Returns To Growth Mode In JuneChina steel futures climbed to their highest level since March on Monday, confirming strong demand from the world's largest producer amid data suggesting a recovery in manufacturing activity in China. China's manufacturing sector returned to growth mode again in June, at its fastest pace in three…
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India aims to achieve 300 million tonnes of steel productionFollowing the introduction of policies to expand the Indian steel sector, many steps are planned to reach the 300 million tonne target, Steel Minister Choudhary Birender Singh said. While urging steelmakers to meet the ambitious target, the minister also said he has turned to the Indian coal…
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Steel exports from China will drop to 50 million tons in 2018China's steel exports may fall to 50 million tons next year, while the previous forecast was at 60-80 million tons. Exports will drop to 50-60 million tons in 2018. That being said, China's steel exports fell to 108.5 million tonnes in 2016, with an export volume of 82 million tonnes in the first…
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Trump Demands G20 Impact on Steel MarketUS President Donald Trump, under the pretext of the national security significance of the US steel industry, is about to demand from the leaders of the twenty to reduce the activity of overcapacity and other distortions in the global steel market, White House economic adviser Gary Cohn said on…
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US to sell $ 1.42 billion worth of arms to TaiwanThe State Department has notified Congress of its intention to sell weapons to Taiwan. According to the Chinese ambassador to the United States, this is contrary to the spirit of the Sea-Trump agreement. The administration has formally notified Congress of seven arms sales contracts to maintain…
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European aluminum group calls for global forum on overcapacityEuropean Aluminum is committed to creating a global forum for excess capacity with transparent data and monitoring tools. Ahead of next week's G20 summit in Hamburg, the group said the G20 must "address the current overcapacity situation in China, which is causing global imbalances in the aluminum…
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China to ban coal imports in small ports from 1 JulyChina will not allow coal imports in small ports from July 1, state-owned China Securities Times reported Wednesday. This is likely to delay fuel supplies during the summer and support further price increases. Coking coal futures in China rose nearly 8 percent on Thursday. The newspaper did not…
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