Metallurgy news
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Timing of Trump's decision to import steel remains inaccurateFollowing a large-scale conference call on Friday regarding an investigation of Article 232 steel imports, US Commerce Secretary Wilber Ross did not dare to reveal when US President Donald Trump could decide what action to take on the three trade-recommended tariffs and quota options stemming from…
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Reducing port dues improves the situation on the export market of UkraineA decrease in port dues in Ukraine to the values of neighboring countries will increase the export of products of the mining and metallurgical complex. Only in the Mariupol Commercial Sea Port for vessels of the handsize class with a capacity of up to 21 thousand tons, the level of port dues…
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Iron Ore Challenges Falling Global Commodity PricesGlobal stock markets are declining from their recent peaks, and prices for commodities such as crude oil, gold and copper are also falling. But iron ore and coking coal are undermining this trend thanks to China, the world's largest consumer of the material. Australian iron ore spot prices are…
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Liberty Steel Delivers Key Milestone for UK MetalsLiberty Steel's Liberty House Group has announced the official restart of a second idle furnace at its Rotherham steel mill in the north of England. The stove, mothballed by Tata Steel, its previous owner, was again lit by the Prince of Wales. The reigniting of the giant furnace is considered a…
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Export of scrap metal from UkraineAfter an acute shortage of scrap metal at Ukrainian factories, the country increased the export duty on scrap metal from 10 euros per tonne to 30 euros per tonne in 2016. Export duty revenues for scrap metal have almost tripled in Ukraine over the past year. Meanwhile, the deficit of scrap metal at…
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EU and US on the brink of a customs war?US plans to cut steel and aluminum imports are causing concern among European companies. Industrial organizations warn of an intensification of the customs war - if the Americans introduce tariffs, European companies will demand an adequate response from the EU authorities. The US administration is…
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Consumption of stainless steel is growing worldwideWorld stainless steel production increased by about 5 percent over the past year. Growth has slowed in Europe. The good economic situation also reflects improved performance by the largest producers. Further increases in production and consumption are expected this year. Some companies are also…
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China warns US of retaliatory measures on steel tariffsChina said the proposed US tariffs on imported steel and aluminum products are unreasonable and that it reserves the right to retaliate if imposed. The US recommendations released by the Commerce Department on Friday are inconsistent with the facts, Wang Hejun, head of the Commerce Department's…
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USA intends to introduce tariffs on aluminum importsShares of American aluminum producers Alcoa Corp. and Century Aluminum Co. jumped along with the price of light metal as the US Department of Commerce recommended that President Donald Trump introduce tariffs and quotas on imports. The ministry has proposed a 7.7 percent tariff on all aluminum…
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Vale Records Record Iron Ore Production in 2017Brazilian miner Vale said total iron ore production last year reached a record 366.5 million tonnes, boosted by record production in its so-called northern system, even though iron ore sales were slightly down from 2016. ... The Northern System, consisting of its Carajas, Serra Leste and its…
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