Metallurgy news
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The largest container ship in the world was built in South KoreaThe South Korean shipyard Samsung Heavy Industries (SHI) has built the world's largest container ship with a capacity of 20,150 TEU. This is the first of a series of four vessels ordered in February 2015 by Japanese shipowner MOL (Mitsui OSK Lines), which has the tenth largest fleet. The MOL…
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German steelworkers achieve wage increases as a result of the strikeIG Metall and western German steel employers have reached a wage agreement that could serve as a pilot deal for the entire sector. A joint announcement was made that 72,000 metallurgists in northwest Germany will receive 2.3 percent more wages from April. The wage agreement also includes an…
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Outokumpu supplies stainless steel for China petrochemical projectOutokumpu supplies approximately 500 tonnes of Forta DX 2205 Duplex Stainless Steel for Phase 2 treatment to Jiaxing Petrochemical Co Ltd in Zhejiang Province, China. Deliveries began at the end of 2016 and the project will be completed within two years. These stainless steel plates are then…
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Financial results of Metalloinvest for 2016Metalloinvest, the world's leading iron ore and HBI producer and a regional producer of high quality steel, has released its audited IFRS financial results for the year ended 31 December 2016. Financial Indicators Income USD 4261 million (-3.0% year on year); EBITDA USD 1,258 million (-12.2%)…
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ArcelorMittal to Increase Production after Reconstruction of Plate MillIndusteel France, part of the ArcelorMittal group, has undertaken significant technological upgrades to its plate mill in Le Creusot, France, with Danieli's participation. The plant specializes in the production of highly professional flat products and forged products for the aerospace, defense and…
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South Korea will expand anti-dumping tariffs on steel products from three countriesThe South Korean Trade Commission said Friday it is going to extend the current anti-dumping tariffs imposed on some imported stainless steel products by an additional three years. The trade agency will ask the Treasury Department to continue to impose anti-dumping tariffs of 3.56 to 15.39 percent…
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Rusal predicts growing aluminum deficit in 2017Russian aluminum producer Rusal said it expects the global aluminum deficit to increase to 1.1 million tonnes in 2017 from 0.6 million tonnes in 2016, as demand is growing strongly, outstripping supply growth. Rusal determined the global demand for aluminum in 2017 at 62.7 million tons, which is 5%…
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EU reduced imports of iron oreThe EU28 countries imported 108.35 million tonnes of iron ore during 2016, decreasing the total by 5.9% compared to 2015. The EU imported 48.09 million tons of iron ore from Brazil, followed by Ukraine with 16.884 million tons. Canada exported 20.919 million tonnes of iron ore to the EU. The EU…
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Russian pig iron exports decreased in 2016Statistics show that Russia exported 476,000 tons of pig iron in December 2016, down 23.1% from the same period in 2015. In January-December 2016, Russia exported a total of 5.139 million tons of pig iron, which is 3.8% less than in 2015. For two consecutive years, Russian pig iron exports have…
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China produces record amount of copper since the beginning of the yearChinese copper plants increased metal production in the first 2 months of 2017 to a record high. Refined copper production in China rose 6.7 percent to 1.37 million tonnes, the statistics bureau said Friday. In addition, in 2016, the Chinese also increased their imports of copper concentrate…
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