Metallurgy news
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Oil prices rise after news from RussiaOil prices on the fuel exchange in New York rose 0.7 percent in response to information that discussions in Russia continue to maintain lower volumes of supplies in the second half of 2017, according to brokers. West Texas Intermediate crude oil shipments in May on the NYMEX Fuel Exchange in New…
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Intertype introduced an online service for verifying the origin of pipesUkrainian industrial company Intertype has introduced an online service for verifying the origin of its pipe products. This system will protect the company's products in the Middle East from counterfeiting. It is possible to check the authenticity of the company's pipe products using a standard…
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China considers EU tariffs unreasonable and unfairChina's Ministry of Commerce calls on the EU to withdraw its decision to impose anti-dumping duties on imports of hot rolled steel coils. The ministry announced its intention to take "necessary measures" to protect the interests of Chinese companies. China criticized the EC's actions as unfair and…
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Coking coal is close to $ 300 per tonOne of the biggest disruptions to Australia's coking coal exports in the past six years has caused record price increases. Coking coal prices closed the week 86% higher, rising only on Friday by 34% to $ 283.10 a tonne after damage from a cyclone that hit Australia's northeast coast in late March…
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Coal production in Ukraine fell in MarchUkraine's coal production fell 12.6% year-on-year to 2.98 million tonnes in March 2017 from 3.41 million tonnes produced in March 2016, the Ministry of Energy and Coal Industry said, citing preliminary data. Coal output also decreased by 19.7% compared to February, when 3.71 tons of coal were…
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EU sets anti-dumping duties on hot rolled steel from ChinaThe European Commission decided on Thursday that it will impose anti-dumping duties on imports of Chinese-made hot rolled steel products. The Commission had previously investigated the case and found that these products were being sold in Europe at bargain prices. The duties range from 18.1 to 35.9…
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Asian coal prices skyrocket 32% overnightCoal prices in the Asia-Pacific region have skyrocketed as mills faced supply shortages amid news that BHP Billiton, the world's largest coal mining firm, has declared force majeure due to logistical problems caused by Cyclone Debbie. The source pointed out in the BHP statement about the force…
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Russia has reduced the transportation of liquefied gas to UkraineRussian customs officials stop rail and road transportation of liquefied natural gas destined for Ukraine. The Russian authorities explain that the suspension of the transportation of liquefied gas is dictated by security concerns, because Russian fuel is used in Ukraine for military purposes…
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Indian Metallurgists Reach Record SalesIndian steelmakers are optimistic about demand growth since mid-April after record sales during the 2016-17 fiscal year. The state-owned Steel Authority of India (SAIL) posted its best sales figures for the current fiscal year, growing up to eight percent. The company sold 13.143 million tonnes of…
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Outokumpu expands production in North CarolinaFinnish company Outokumpu has expanded the production capacity of its stainless steel reinforcing bar mill in Richburg, South Carolina. The new lines will enable Outokumpu to better serve its end users in key segments including the automotive, aerospace, oil and gas, construction and chemical…
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