Metallurgy news

• China's steel mills cut production due to power shortages Steel mills in Hebei province have been forced to restrict operations due to power shortages in the region. Grid utilization in southern Hebei reached 36.57 gigawatts (GW), the highest as the heatwave boosted electricity demand. The grid company, which controls seven cities in southern Hebei,... 07.08.2018  11:29

• Supply of raw materials from Russia to Poland is growing Contrary to government announcements, Poles are buying more and more Russian raw materials such as oil, gas and coal, as Rzeczpospolita writes about. Although the government has declared Poland's independence from fuel from the East, imports of Russian gas, oil and coal are growing at their... 06.08.2018  11:50

• The trade war between China and the United States continues China has targeted US agriculture heavily as peoples exchange blows following US steel and aluminum tariffs, fueling the escalation of the trade war. But fortunately for American farmers, they seem to have escaped the final blow. Most of the major US crops have already been affected by... 06.08.2018  11:09

• Coal demand continues to grow Despite its ambitions for a cleaner environment, the growing demand for electricity means that coal will remain an important source of fuel for many years to come. The share of coal in electricity is expected to gradually decline as the government moves to increase gas. Rapid growth in gas... 06.08.2018  10:18

• Strike looms at Escondida's largest copper mine Workers at Escondida, the world's largest copper mine, located in Chile's Atacama Desert, have voted in favor of the strike, rejecting an offer from BHP Billiton, which owns the mine. The Anglo-Australian company's proposal included a 1.5 percent pay increase. Whereas employees are demanding a 5... 05.08.2018  13:26

• China will continue to reduce aluminum production in winter 2018-1919 China should continue to cut production in the aluminum sector during the upcoming winter heating season (November 15 - March 15) in line with its goals of saving energy and reducing emissions, the Ministry of Industry and Information Technology said on its website. According to MIIT... 04.08.2018  16:03

• India holds strong position in US steel and aluminum import negotiations India's Commerce Department is considering postponing the implementation of reciprocal US import tariffs and paving the way for a favorable 2 + 2 bilateral dialogue in September and exemption from US tariffs on Indian steel and aluminum. A reliable source told DNA Money that Washington has asked... 04.08.2018  15:55

• ArcelorMittal profit grows 41% in Q2 2018 ArcelorMittal expects the current favorable market conditions to continue in the second half of 2018. ArcelorMittal, the world's largest steel mill, posted strong results for the quarter and half year ending June 30, 2018. Profits rose significantly in the second quarter of 2018, mainly driven by... 03.08.2018  12:40

• Extreme heat in Asia and Europe raises coal prices Australian thermal coal prices hit new six-year highs as a heatwave sweeping through the northern hemisphere triggered a surge in demand for coal-fired power to keep air conditioning running. Coal cargo prices from Australia's Newcastle terminal were set at $ 121.75 per tonne, the highest since... 03.08.2018  11:09

• Interpipe to invest $ 14 million in the development of the production of pipes with premium connections The Ukrainian industrial company Interpipe has launched an investment project to increase the capacity for the production of casing pipes with premium threaded connections. The main equipment for the new line will be supplied by Danobat, a leading manufacturer of metalworking equipment.... 03.08.2018  11:04