Metallurgy news
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Kazakh-Chinese projects worth billions of dollarsThe Minister of Investment and Development of Kazakhstan Kaziya Kasymbek said on Wednesday in Astana that the investments of China and Kazakhstan in 51 joint industrial projects exceeded $ 27 billion. “This year we plan to launch six Kazakh-Chinese projects worth US $ 363 million. The total number…
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ArcelorMittal Acquires Weak Producers in IndiaFor some time now, ArcelorMittal has been trying to expand its steel production in India. Chances are it will work - the company wants to take over a local manufacturer that is in trouble. ArcelorMittal India Private Limited, owned by ArcelorMittal, has filed a takeover bid for Essar Steel India…
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Trump-initiated US steel imports studyTrump issued a presidential memo on April 20 instructing the commercial secretary to conduct an investigation "to determine the impact on the national security of steel imports." The Commerce Department submitted its Section 232 report on steel imports to President Donald Trump in January, but the…
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In India, steel production and consumption increased by more than 5 percentIndia's finished steel production increased 5.3% to 88.592 million tonnes from April to January of this year (2017-18), while the country's consumption increased 5.4% to 72.497 million tonnes over the same period, as stated in the message of the Ministry of Steel. For 10 months of the 2017-18…
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China will step up its fight against illegal coal mining in 2018China will carry out "special measures" in 2018 to curb illegal coal mining in order to keep mines safe and cut production capacity, the state Occupational Safety Administration said in a statement Monday. Coal mines that do not meet safety or operational standards will be ordered to cease…
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Copper prices are clearly rising after good information from ChinaCopper on the London Metal Exchange rose 1.1 percent. The metal in the LME in 3-month delivery was priced at $ 6,786.00 a tonne after the opening session after a 0.5% increase, but is now worth $ 6,288.50. On Monday (Feb 12), all industrial metals recovered from their strongest weekly results last…
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Tata Steel wants to increase steel production for the automotive industryTata Steel has recently invested heavily in the expansion and modernization of its Port Talbot plants to increase production capacity and improve product quality. The goal is more sheet metal for the automotive industry. Tata Steel announces that it intends to produce sheets used for the production…
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EU duties on Chinese galvanized steel spark outrageThe Chinese Ministry of Commerce said it was dissatisfied with the EU's decision to impose anti-dumping duties on Chinese galvanized steel. The ministry said the EU used data from Brazilian companies, which are assessing prices and spending data from Chinese businesses in the course of an…
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China plans to reach 2020 steel cut target this yearChina is set to meet its 2020 target of steel production cuts in 2018, two years ahead of schedule, the industry ministry said in a statement. The original plan called for a reduction of 150 million tonnes of metal products by 2020. However, the world's largest producer will face greater pressure…
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In 2018, the forecast for global steel production exceeds the level of last yearGlobal steel production in 2017 increased by 5.3 percent year-on-year to 1.69 billion tonnes in response to strong demand for rolled steel used for industrial production. The release of new products involves various stages of design from development of 3d-models, design documentation, technical…
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