Metallurgy news
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Chinese steelmakers get to their old tricksPresident Donald Trump may not have said much about China's steel exports during his recent tour. However, European and American lawmakers are investigating not only simple dumping facts, but also more complex and illegal actions, such as shipping through third parties, in order to hide the origin…
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Nothing will help Trump keep the coal industryAfter climbing the White House, Donald Trump received coal warmly. It removed regulations on its use and removed some federal subsidies for alternative energies such as solar and wind power, and electric cars. Some miners have even returned to industrial jobs as producers expect utilization to…
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Iron ore price drop forecast driven by China's economic reorientationMaintaining the forecast for iron ore prices at an average of $ 70 per tonne in 2017 and $ 50 tonne for 2018, while the projected price drop depends on China's economic reorientation in heavy industry. “This will reduce the demand for iron ore,” the firm said Wednesday, adding that, combined with a…
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Copper and Nickel Sink Back to Multi-Week LowsLondon nickel and copper futures bounced back to multi-week lows on Thursday, reflecting investor concern over recent data that showed China's economy cooled in October. “Weak economic data in China earlier this week sparked some concern over demand for stainless steel and nickel in the coming…
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ArcelorMittal employees trained in identifying fraudsters in the workplaceArcelorMittal Dubai (CIS), in cooperation with Deloitte Forensic India, provided training on fraud awareness, the press service of the Ukrainian division of the world's largest steel company said. As part of the Fraud Awareness Week, all ArcelorMittal businesses are hosting various activities to…
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Gold purchases from global central banks up 25% in Q3 2017The central bank of Russia added 63 tons to its gold holdings in the third quarter. Since the beginning of the year, the Central Bank of the Russian Federation has increased its reserves by 164 tons. The central banks of Russia, Turkey and Kazakhstan were the dominant buyers for a three-month…
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Mexico begins investigation into the import of steel plates from Italy and JapanMexico's Ministry of Economy has launched an anti-dumping investigation into heavy plate imports from Italy and Japan, regardless of country of origin, the ministry said on Tuesday. The product to be examined is heavy slabs no more than 4.75 mm (0.187 in) thick and a width equal to or greater than…
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Metinvest Group and Lemtrans have agreed on long-term cooperationMetinvest Group and Lemtrans signed a cooperation agreement for three years. By the end of 2020, Lemtrans guarantees to meet with its own fleet about 50% of Metinvest Group's gondola needs. Within the framework of the agreement, Lemtrans, in addition to providing Metinvest with gondola cars, will…
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In the commodity structure of exports of Donetsk region 77 percent - rolled metalIn January-September 2017, foreign exchange earnings from export deliveries of goods from the Donetsk region (excluding part of the anti-terrorist operation zone) amounted to US $ 3.1 billion, which is 24.1% more than in January-September of the previous year. This was reported on Wednesday in Main…
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PJSC "ArcelorMittal Kryvyi Rih" increases its competitiveness in world marketsPJSC "ArcelorMittal Kryvyi Rih" became the world's first full-cycle mining and metallurgical enterprise - the owner of two certificates: compliance with the sustainable development management system and the system of responsible sourcing according to the BES 6001 standard. The presence of these…
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