Metallurgy news
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Italian Ilva will resume steel production in early JuneItalian steelmaker Ilva announced that the troubled plant in Taranto, southern Italy, has completed maintenance and decontamination work and will resume production in early June this year. Ylva said in a statement that after the restart, the steel mill will initially operate for 1.5 months in test…
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Exports of steel scrap in China will increase tenfold in AprilDue to China's environmental protection policy, domestic demand for steel scrap continues to decline and supply continues to rise, leading to a drop in scrap prices. Some traders have started looking to increase their scrap steel exports to the Asian market over the past 2 months as Chinese…
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Vale raises production in Q1Vale's iron ore production reached 86.2 million tonnes in the 1st quarter of 2017, an 11.2% increase year-on-year, mainly driven by the S11D project and the Arta project. In the 1st quarter, nickel production reached 71,400 tons, up 14% from the previous quarter, but down 2.9% from the same period…
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Successful test of the US missile defense systemThe Pentagon on Tuesday successfully tested an air defense missile system. The system is used to shoot down intercontinental ballistic missiles (ICBMs) capable of carrying nuclear weapons. This was the first test successfully completed in over three years. About half of previous attempts have…
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Indonesia steel production targets 5% growth in 2017Indonesia's Ministry of Industry is convinced that Indonesia's steel industry will grow this year, in line with estimates of accelerating macroeconomic growth. Indonesia's domestic steel demand was 12 million tonnes last year, driven by infrastructure and construction projects. However, domestic…
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South Korea to shut down 8 coal-fired power plantsSouth Korea will halt operations at eight of the country's old coal-fired power plants during June as part of air pollution control measures, the Ministry of Energy said. South Korea's new president, Moon Jae, earlier this month announced plans to temporarily close operations at 10 coal-fired power…
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USA imposes import duties on plates from Taiwan and other countriesThe United States State Department of Commerce announced anti-dumping duties on imports of carbon steel plate from Taiwan and eight other countries. Among these, the anti-dumping duty for China Steel Corporation increased to 75.42%; while for other manufacturers the rates were 39.52%, and for Shang…
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Iron ore lost 40% in 3 monthsThe price of iron ore with a content of 62% iron fell 3.87% to $ 57.91, leaving it at its lowest level since October 14 last year. However, the price of lower grade iron ore actually increased. Thus, the price from 58% grade increased by 1.9% to $ 39.75 per ton, although this only partially…
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Zaporizhzhia opens the Environmental ForumAn ecological event of an international level and scale will take place in Zaporozhye. From May 30 to June 1, a specialized international Zaporizhzhya ecological forum "Eco Forum - 2017" will be held at the exhibition center "Kozak-palace" Hundreds of experts, specialists and scientists, including…
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SteelAsia enters into deals with two Russian firmsSteelAsia Manufacturing Corp., a leading steel company in the Philippines and the largest manufacturer of rebar in Southeast Asia, has closed deals with two leading Russian companies to sustainably supply billets and transfer skills and technology. SteelAsia and Evraz have signed a $ 250 million…
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