Metallurgy news

• Strong demand for stainless steel drives up chrome prices The market outlook for stainless steel will continue to support demand for chromium concentrate in the metals sector, according to a report by Tharisa, Cyprus headquartered in Tiras. The company maintains its guidelines for the fiscal year through September 2018, with plans to increase... 16.07.2018  18:56

• In June, China smelted 80.2 million tons of steel Last June, crude steel production in China was 80.2 million tonnes, 7.5% more than last year. Also, a new record for daily production was recorded - 2.67 million tons, which exceeds the maximum in May by 2.2% (2.6 million tons). These data are cited in a report released by the Chinese National... 16.07.2018  13:27

• Oil and gas companies get the opportunity to import steel to the United States without tariffs President Donald Trump's administration allowed the oil and gas sector to purchase metal products without a 25 percent tariff on steel imports, agreeing with Shell and Chevron that the special steel they import is not made in the United States. Today, the US Department of Commerce approved... 15.07.2018  13:53

• Rio Tinto Coal Delivers First Fully Autonomous Iron Ore Supply Rio Tinto has achieved significant success with the first autonomous train delivery of iron ore in Pilbara, Western Australia, using the world's largest robot. An autonomous train of three locomotives carrying about 28,000 tonnes of iron ore traveled more than 280 kilometers from Rio Tinto's Tom... 15.07.2018  13:31

• Copper trains are regularly looted in the Chilean Atacama Desert About 40 incidents were reported in the first half of 2018, according to prosecutors in Antofagasta, up from just six since 2014. Thefts began to rise in late 2017 as copper rose in price to its highest level in two years. While prices fell last month, thieves are oblivious to the turmoil in the... 14.07.2018  09:35

• The wave of anxiety is growing in the EU market US operations at the global level are already having an impact and will continue to affect the steel market in the European Union and globally. In March this year, the European Commission began protecting EU producers. Among the product categories of materials, there are 26 main items. Generally,... 13.07.2018  15:14

• Iranian steel industry grows by 22% Industry, Mines and Trade Minister Mohammad Shariatmadari said steel production reached 22 percent growth in the current Iranian fiscal year (started on March 21, 2018). Speaking at a ceremony to expand the Saba Steel Company project in Isfahan province, he said, "The ministry has focused on... 12.07.2018  13:11

• U.S. Senate Rebuke Trump for Article 232 Tariffs The US Senate passed Bill 88-11, which asks President Donald Trump to increase the Senate’s role in discussing tariffs as part of national security standards, but the bill is seen largely as a symbolic measure. The bill is non-binding and must first be passed by the U.S. House of Representatives ... 12.07.2018  12:36

• Japan plans to increase steel output between July and September Japan's crude steel production is expected to rise 2.3 percent during July-September from the previous year amid strong local demand for cars, industrial machinery and construction, the country's industry ministry said on Monday. The Ministry of Economy, Trade and Industry (METI) estimates that... 12.07.2018  12:27

• US gold imports dropped significantly US gold imports in the first five months of this year fell by more than 6%. The data point to a marginal jump in the country's gold exports during the above period. Gold imports in January-May 18 were estimated at $ 4.29 billion in the first five months of 2018, down 6.1% from the same period a... 11.07.2018  12:07