Metallurgy news

• Trade risks in the EU market are intense even amid growing demand for steel The EU steel market started 2018 on a relatively strong footing, fueled by continued economic recovery and an improved business environment in steel-using sectors. However, imports continued to rise from already high levels in 2017. During the forecast period 2018-2019. steel demand is expected... 26.07.2018  11:31

• China's steel sector has been successful in reducing productivity China's steel sector has made significant progress in reducing and eliminating excess industrial capacity in the first six months of the year, while its ongoing efforts to curb pollution continue to bear fruit, experts say. During the first six months of this year, the country produced 373... 26.07.2018  11:18

• Prices for metallurgical raw materials will remain stable Steel prices are likely to move in a narrow range during 2018-19 due to increased pressure from major producing countries. A recent study by India Ratings and Research predicts prices for steelmaking raw materials, including iron ore and coking coal, to remain constrained during the current... 26.07.2018  11:11

• ArcelorMittal makes new attempts to buy Italy's largest factory ArcelorMittal said it has accepted new terms for the purchase of the Ilva steel mill. Steel giant ArcelorMittal said on Tuesday that it will agree to the conditions set by the Italian authorities for the purchase of the controversial steel company Ilva, which could lead to its acquisition of... 25.07.2018  12:00

• Miners starve at a Russian gold mine Nearly 60 workers at the Darasun mine in Transbaikal went on a hunger strike on Tuesday over non-payment of their wages. As a result, an administrative offense case was initiated against a company that was late in paying salaries. According to the Russian media, financial fraud often occurs in... 25.07.2018  11:47

• German steel companies criticize EU security measures German flats and coiled steel converters questioned the rationale for new EU safety measures, saying they doubted that steel destined for the American market would be redirected to the European market. "Until now, this is just speculation, but this is not the case when growing volumes of steel... 25.07.2018  11:26

• Gazprom produces more and more gas In the period from January to July 15 of this year, gas production by Gazprom reached 270.1 bcm. This is 8.5 percent more than in the same period last year. Gas exports have also increased. The Russian company's production in absolute terms is 21.2 bcm higher than last year. During the period... 24.07.2018  12:17

• Steel chain reaction Following complaints against the Chinese steel company Shanxi Taigan, a stainless steel manufacturer, Beijing began to analyze the import of stainless steel sheets in the local market. Local producers complain that foreign products are destroying local producers. Early estimates say this is... 24.07.2018  11:57

• POSCO Increases Profit Target in 2018 South Korean steelmaker POSCO said Monday that it expects sales to rise in 2018, boosted by high steel prices in China and strong global demand, which helped boost profits by nearly a third in the second quarter. The world's fifth-largest steelmaker raised its 2018 revenue forecast to 64.1... 24.07.2018  11:50

• China is investigating imports of stainless steel from the EU and other countries China's Ministry of Commerce said on Monday that it has launched an anti-dumping investigation into the import of stainless steel billets and hot rolled stainless steel sheets sourced from Europe, Japan, South Korea and Indonesia. The move follows a complaint by Shanxi Taigang of stainless steel... 23.07.2018  12:14