Metallurgy news
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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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Results of production of MMC of Ukraine in January 2018Metallurgical enterprises of Ukraine in January of this year produced 1.94 million tons of pig iron, which is 2% higher, 1.91 million tons of steel, which is 0.5% higher, 1.67 million tons of rolled steel, which is 0.1 % lower compared to December last year Of the main capacities, 19 of 21 blast…
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Angela Merkel: Nord Stream 2 is not a threat to diversify gas supplies“We have different views on Nord Stream 2. We believe that this is an economic project and we believe that Nord Stream 2 does not pose a threat to diversification, ”German Chancellor Angela Merkel said Friday. This was the answer given by the Chancellor to the statement that Nord Stream 2 is a…
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Polish Stalprodukt found a way to buy a Czech companyStalprodukt's board has received approval from the anti-monopoly authority in Turkey for the planned acquisition of GO Steel Frydek Mistek. Previously, similar solutions, beneficial for the company, were issued by the antimonopoly services in Germany and Austria. Thus, a precedent was reached for…
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Russian gold producer Polyus raised profit by 7% in 2017Russia's largest gold producer, Polyus, posted a 7 percent increase in 2017 adjusted net income to $ 1.02 billion, the company said on Thursday. The gold producer saw sales growth last year and expects to invest and produce more in 2018 as it aims to ramp up production at its newly established…
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Asian billet prices rise amid higher buying ratesAsian billet prices rose last week in line with growing buying figures and some of the sellers increased their bid prices. Although, from February 15 to February 21, market activity is considered low ahead of the Lunar New Year holidays in China. Vietnamese factories also suspended operations on…
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Dneprospetsstal: production results in January 2017In January 2018, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 20,591 tons of steel, which is 10.7% less than last month. During the same period, the Company produced 13,818 tons of rolled metal, which is 4.6% less than in December 2017. The total cost of…
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Russia intends to stop gas production from the Odessa fieldAs a result of Ukraine's lawsuit in the International Arbitration Court in The Hague, Russia intends to stop gas production from the Odessa field Ukraine's claims in the litigation relate to the issue of Russia's economic activity in the Black Sea after the annexation of Crimea. Russia annexed the…
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Interpipe increased steel production by a quarter in JanuaryThe steelmaking plant Interpipe Steel, which is part of the integrated pipe-and-wheeled company Interpipe from Dnepropetrovsk, increased steel production in January 2018, according to operational data, by 25% compared to the same period in 2017 - up to 75 thousand tons. The enterprise in December…
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