Metallurgy news
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Single gas market of Poland and UkraineThe Poland-Ukraine gas pipeline should be created as soon as possible, since a single gas market and a gas hub are a strategic goal of the Polish and Ukrainian states. Thanks to the Polish PGNiG's investments in Ukraine, gas will be able to flow from all directions. The planned merger of the…
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Ilva will join the consortium ArcelorMittal and MarcegagliaItalian Industry Minister Carlo Calenda selected the consortium of ArcelorMit5tal and Marcegaglia as the buyer, which offered 1.8 billion euros for the acquisition of the Italian steel mill ILVA (Ilva) in Taranto. In addition to the purchase price, the consortium announced an investment of € 2.3…
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India is the world's second largest producer of stainless steelIndia overtook Japan to become the world's second largest stainless steel producer. The first is, of course, China. India produced 3.324 million tonnes of stainless steel last year, while Japan produced 3.093 million tonnes, according to the International Steel Stainless Forum. A year earlier, the…
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Russian wheat prices are growing amid negative forecastsRussian wheat export prices are rising for the third straight week amid persistent concerns over wheat harvests in Russia and Ukraine this summer, analysts say. Last week, the Ministry of Agriculture of the Russian Federation lowered the forecast for the grain harvest for 2017 in Russia to 100-105…
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USA imposes duties on seamless pipes from 6 countriesAccording to the US Department of Commerce, preliminary anti-dumping and countervailing investigations have been carried out on the import of seamless pipes damaging the domestic industry from China, Germany, India, Italy, South Korea and Switzerland. Among them, anti-dumping duties for China…
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Iron ore prices continue their downward trendGlobal iron ore production maintains a surplus, causing iron ore prices to fall this year and traders expect prices to fall further amid weak demand. For large miners such as Vale, Rio Tinto and BHP Billiton, falling iron ore prices make their business more difficult as the iron ore market fell 70%…
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Stainless steel prices are fallingIn all geographic regions, stainless steel products are falling in price, mainly due to lower raw material costs. Thus, buyers minimize their purchases as they expect values to decline. Transaction figures rose during the first months of 2017, stimulating speculative buying at specialist centers…
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Steel production in Ukraine falls by more than 17% in 2017Steel production in Ukraine fell 17.7 percent year on year in January-May this year to 8.7 million tons. Steel production rose 5.5 percent in 2016 to 24.2 million tonnes as the industry rebounded after a sharp drop in 2015 due to the conflict in eastern Ukraine, where most of the country's steel…
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China and EU fail to reach agreement on steel overproductionThe EU-China Summit took place in Brussels on Friday, focusing on climate, trade, foreign policy and security issues. The parties once again discussed the problem of overcapacity in the production of steel in China, and also discussed the implementation of Article 15 of the agreement on China's…
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NLMK seeks changes in the interpretation of the meaning of "Buy America"Made in the USA. Depending on how this is interpreted, a number of US metallurgical companies may have big problems. Following the "made in the USA" principle literally could shut down NLMK Pennsylvania, says Bob Miller, President and CEO of NLMK USA. What appear to be small differences in terms…
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