Metallurgy news
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Mexico updates tariffs on imports of heavy plate from RussiaThe Mexican Ministry of Economy will reintroduce a 29.3% anti-dumping tax on Russian steel imports within five years. Customs product codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03. The petition was submitted to the Mexican metallurgical company Ternium and AHMSA. This is the first time…
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Vale Forecasts Average Iron Ore Price Improvement This YearPeter Poppinga, CEO of mining giant Vale, expects the average iron ore price to be higher this year than the previous year, at US $ 70 per tonne. The CEO said Chinese steel demand will grow 3% this year, which could support steel product prices. He also noted that less iron ore will be supplied to…
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China's stainless steel exports rise in MarchChina in March this year increased its stainless steel exports to 347,000 tons, up 54.9% over the previous month and 3.3% over the same period in 2016. Although, in general, the export of carbon steel from China continues the downward trend. Among the main types of stainless steel: exports of coils…
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New aluminum plant to be built in KentuckyBraidy Industries, a US-based Delaware-based holding company, has announced a $ 1.3 billion investment to build an aluminum smelter on the south coast in Greenup, Kentucky. The fully integrated aluminum rolling mill is expected to be the most technically advanced production facility in the United…
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The last uranium mine in Europe closedOn Thursday, production ended at a uranium mine in the Czech Republic. It was the only functioning uranium mine in the Czech Republic and Europe after 2000 The Rožná-OLSI field was discovered in the mid-50s of last year. Production began in 1957. Up to 5,000 workers worked here. Later, employment…
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Top 10 producers of crude steel in March 2017According to the latest statistics released by the World Steel Association, the global crude steel output of 67 countries was 144.953 million tonnes in March this year. The monthly issue was up 4.6% from its release in the same month a year earlier. These 67 countries accounted for approximately…
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USA increases steel importsAccording to preliminary data from the American Iron and Steel Institute (AISI), the United States imported a total of 3,396,439 tonnes of steel in March 2017, up 24.8% from the final data in February and 25% higher in the first three. months of the current year. The share of finished steel imports…
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Russia will supply electricity to the Luhansk regionAfter the termination of the supply of electricity by the Ukrainian energy operator Ukrenergo to the territory of the Luhansk region, not controlled by Ukraine, the energy supply will be provided by Russia. Boris Gryzlov was named as the representative of the President of the Russian Federation in…
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Losses of American steel workers are higher than expectedAmerican steel company US Steel announced that the first quarter of this year ended with a loss of $ 180 million. This means that the company had a loss per share of $ 1.03. This is worse than analysts' expectations presented earlier. Analysts had expected the company's revenues to be around $ 2.92…
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China increased its steel production by 4.6% in the first quarterSteel production in China rose 4.6 percent year on year to 201.1 million tonnes in the first quarter of 2017, compared with a slight decline in the same period last year, the China Steel Industry Association said. The growth is the result of higher levels of manufacturability and lower base…
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