Metallurgy news
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EU considers US duties artificially highThe European Commission said on Friday that it regrets the US decision to impose anti-dumping measures on steel plates exported from Europe, adding that duties were "artificially high." The US Department of Commerce decided to impose duties of up to 148 percent on plates from seven manufacturers…
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Lower demand for steel in China affects the price of iron oreSteel demand in China is expected to fall 1.9 percent in 2017, putting pressure on prices for key steelmaking ingredients, including iron ore. In China, the world's largest consumer and producer of steel, steel demand is projected to weaken to 660 million tonnes, said Li Xinchuang, president of the…
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EU wants to negotiate with Russia on Nord Stream 2The European Commission will ask EU member states for a mandate to negotiate with Russia on the planned Nord Stream -2 gas pipeline. The European Commission stated that the negotiations should concern the application of the principles of EU law on the offshore section of the main pipeline. Some…
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Iran will increase production of iron oreIran will start production of iron ore pellets with a total capacity of 7.5 million tons. Two new factories were built in the country. The Iranian Mining and Mining Development Agency (IMIDRO) announced that two iron ore granulating plants with an initial production capacity of 5 million tons and…
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Automotive Industry Increases Steel ConsumptionLast year saw the largest increase in steel use in the automotive industry among the consuming segments of production. 2017 will be similar, although growth rates will slow. Consumption in the auto industry rose 5.5 percent last year, according to the Eurofer SWIP Index, which measures economic…
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Are steel prices close to their peak?The steel market has grown strongly over the past year. Numerous anti-dumping duties have changed the international flow of steel. After a sharp drop to the bottom, prices quickly climbed. Some types of products are already reaching the top of their price. According to analysts at MEPS…
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Beijing met with metallurgy executives on overproductionTop Chinese government officials and steel executives met in Beijing to discuss the challenges of reducing overcapacity in the iron and steel sector, according to a statement posted on the website of the Chinese government agency. The government will continue to implement measures to reduce…
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Gazprom plans to buy 5 billion m3 of Uzbek gasRussian gas giant Gazprom plans to buy 5 billion cubic meters of gas from Uzbekistan in 2017, up from 6.2 billion in 2016, according to government documents from the two countries.
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Cyclone strikes at largest coal exporterTropical cyclone Debbie crashed into Queensland on the Australian coast, causing devastating winds and rains to sweep away everything in its path. The storm is blowing away trees and power lines. The region was hit by the most powerful storm ever, as strong as the tropical cyclone Yasi, which hit…
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Iran increases steel exportsIn the first 10 months of the current Iranian year ended January 10, the country exported 4.4 million tons of steel and steel products, up 45 percent over the same period last year. According to the forecasts of the Iran Steel producers' association throughout the year, exports will reach 5.7…
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