Metallurgy news

• Scrap prices begin to fall amid Turkish downturn Prices for European scrap metal began to fall amid a downturn in the Turkish market recorded in August. Scrap prices in Turkey began to decline in late July, accelerating sharply in mid-August following the depreciation of the lira. As a consequence, the price of HMS 1/2 80:20 lost about $ 40 /t... 23.08.2018  10:35

• Italian steelmaker Aferpi will resume operations after 2 years Italian specialty steel maker Aferpi is set to resume production with its new owner, Indian steel company JSW, at the end of August after two years of downtime. “This is a historic moment for the company because we can finally face the future. Under the leadership of a serious international c... 22.08.2018  10:54

• BHP results for the year ended 30 June 2018 BHP released its full year results on August 21, 2018. Andrew McKenzie, Chief Executive Officer, assessed the Company's operating and financial performance. In fiscal 2018, BHP reported an exceptional loss of USD 650 million (after taxes) due to the failure of the Samarko Dam. Restarting... 22.08.2018  10:43

• US puts pressure on Iran's neighbors It seems that the White House is very serious in its intention to stifle the entire Iranian economy, including the metallurgy and oil sector, and President Trump's words that the new sanctions on Tehran are the toughest sanctions ever imposed. , is not empty rhetoric. For fear of losing the huge... 22.08.2018  10:26

• Protecting the EU market from imports raises steel prices The steel trade war has become increasingly fierce, and in response to tariffs imposed by the United States, the European Commission has imposed quotas and duties on steel products that will last for 200 days, just a month after they were introduced. Until a sharp increase in imports has been... 21.08.2018  13:57

• Turkey initiates a complaint to the WTO on additional US tariffs Turkey has filed a complaint of violation of disputes with the World Trade Organization against additional tariffs imposed by the United States on Turkey's steel and aluminum imports, the WTO said. The move was previously highlighted by Turkish officials and passed after President Donald Trump... 21.08.2018  13:38

• China may import record volumes of copper According to SMM experts, this year China can import record volumes of this metal. Experts from the research company SMM Information & Technology Co. Shanghai estimates that imports of copper ore and its concentrate to China will increase by 15 percent in 2018 to a record 20 million... 20.08.2018  12:54

• Nord Stream 2 at the center of discussions at the meeting between Merkel and Putin During a meeting in Meseberg in Brandenburg, German Chancellor Angela Merkel and Russian President Vladimir Putin also discussed the construction of the Nord Stream 2 gas pipeline. At this meeting, such large joint projects as Nord Stream 2 were discussed, ”Kremlin spokesman Dmitry Peskov said o... 20.08.2018  12:44

• Vietnamese steel sector caught in US-China trade war The vice chairman of the Vietnam Steel Association said the country was suspected of transiting Chinese steel for export abroad. To counter this, the US Department of Commerce imposed a 199.76% anti-dumping tax and a special consumption tax of 260.44% on Vietnamese cold rolled coils allegedly... 20.08.2018  11:03

• The results of the Chinese production of metals in July In China, zinc production in July fell 3.5% year on year to 439,000 tons, the National Bureau of Statistics said on Thursday, the lowest monthly total since August 2013. At the same time, the volume of copper production in July rose by 11.8% year on year to 732 thousand tons. China's alumina... 17.08.2018  12:29