Metallurgy news

• Steel prices in the US hold at a ten-year high The impact of 25 percent tariffs on steel imports to the United States has been significantly eroded by rising domestic prices. It is clear that such a situation was not expected at the beginning of the initiative. Since the beginning of the year, the average selling price of rolled steel in... 01.07.2018  11:23

• Canadian government supports metallurgy amid US tariffs Justin Trudeau's government is once again providing an aid package for sectors affected by American protectionism. The total cost of the aid is nearly C $ 3 billion. The steel and aluminum package included both training aids for unemployed workers, support for endangered jobs, and measures to... 30.06.2018  13:29

• Results of rolled metal production in Ukraine for 5 months During the first five months of 2018, the country's metallurgical enterprises produced 7.72 million tons of rolled metal, which is 5% higher compared to the same period last year, of which 6.43 million tons were exported, which is 83.2% of the total. The export level remained the same compared to... 30.06.2018  12:53

• Steel mills in Southeast Asia add capacity Steelmakers in Southeast Asia are rapidly adding primary and secondary capacity amid rapidly growing domestic demand, especially for construction steel. Countries such as Indonesia, the Philippines, Malaysia and Vietnam are building additional rebar and wire rod capacity to meet growing demand... 29.06.2018  14:35

• Stocks of rolled metal in China at the lowest level since January Inventories of steel products in China's warehouses fell to their lowest level in five months as strong demand from the construction sector since the end of April reduced traders' inventories. Steel stocks in 20 major cities stood at 9.66 million tonnes at the end of June, down 15.1% from the... 29.06.2018  14:28

• Egypt received four bids for the construction of metallurgical plants The Egyptian Industrial Development Authority (IDA) has received four applications for new licenses for steel plants. Among them is an Arab company that currently does not produce steel in Egypt. Several Egyptian press reports earlier this month suggested that one of the applicants is Emirates... 17.06.2018  12:35

• India to start a period of strong steel demand in 2018 Steel demand has increased several times in India in recent months. According to the April and May report, total steel consumption is 8.5% higher than last year. The strength of domestic demand means that even as steel production rose 6.1%, exports fell as producers found buyers at home. Rolled... 17.06.2018  12:29

• Prospects for overcoming the trade crisis between Europe and the United States Such bad relations between the United States and the European Union have not existed for more than a few decades. After the US withdrew from the climate agreements, the withdrawal from the agreement with Iran, the G7 summit in Charlevoix was another blow to the EU. In a situation of such... 14.06.2018  12:14

• Brazil changes gas production laws to stimulate investment Changes to Brazilian mining regulations, including securing exploration ownership and providing incentives for lending, will spur investment in the Brazilian mining industry, Brazilian mining institute Ibrahm said. The terms "can restore the necessary legal security for long-term business," the... 14.06.2018  12:05

• Ilva registration for ArcelorMittal may be questionable The deadline for completing the sale of Ilva to ArcelorMittal may be delayed by a maximum of 90 days from the previous date set for early July. ArcelorMittal is expected to take control of Ilva in early July, under an existing contract signed with the Italian authorities when the group's bid in... 13.06.2018  13:10