Metallurgy news

• Coking coal rises amid strong steel prices Prices for coal supplied by sea are currently underpinned by strong margins for steel prices and limited additional coking coal supply, as well as current logistics restrictions in the US and Australia, Seaport Global reported on Monday. Although coal prices declined in the second quarter,... 22.05.2018  09:54

• June European surcharge for stainless steel at six-year highs Monthly premiums to flat austenitic stainless steel in Europe will rise for the fifth straight month in April, reaching six-year highs. Finland's Outokumpu, the continent's largest producer, set its alloy adjustment factor for alloy type 304 (4301) for flat products at Eur 5227 /t in June, up... 22.05.2018  09:36

• China's steel production capacity will be reduced to 1 billion tons by 2025 China will continue to close outdated steel mills to bring its total capacity to less than 1 billion tons by 2025, adding that national demand for the metal will gradually decline, according to the president of the country's steel industry association. China has pledged to close 150-150 million... 21.05.2018  21:19

• 25% U.S. duties on steel have no impact on Japanese companies' export earnings Japan is among the top 10 steel exporters to the United States, which imposed a 25 percent tariff on steel imports in March, which President Trump said was aimed at limiting supplies from China. "There has been no significant impact from US tariffs due to strong global demand," Nippon Steel's... 21.05.2018  11:25

• World Bank Forecasts Rise in Commodity Prices Oil prices are projected to average $ 65 a barrel in 2018, up from an average of $ 53 a barrel in 2017, based on strong consumer demand and restraint from oil producers, while prices metals will rise 9 percent this year on demand, the World Bank said. Energy prices, including oil, natural gas... 18.05.2018  12:07

• EU offers US energy cooperation in exchange for elimination of tariffs on steel and aluminum European Commission President Jean-Claude Juncker on May 17 proposed that the United States liberalize specific areas of cooperation, including an increase in the energy sector, if Washington permanently excludes the European Union from additional customs duties on steel and aluminum. “Once a... 18.05.2018  11:44

• ArcelorMittal's acquisition of Ilva will benefit Poland According to the management of ArcelorMittal, the takeover of Ilva does not mean the marginalization of Polish factories, but it will have a positive impact on the development of the rolled metal segment in Poland. Some buyers are also hoping to lower the price of the product. The Ilva... 18.05.2018  11:17

• How the Russian aluminum giant escaped US sanctions These were to be the toughest sanctions the United States has ever imposed on a Russian oligarch. Seventeen days later, Washington neutralized them. On April 23, the US Treasury eased restrictions on the aluminum company Rusal by billionaire Oleg Deripaska. Washington's change in course stems... 17.05.2018  12:49

• In Ukraine, coal production increased in April with a general drop since the beginning of the year Coal production in Ukraine during April increased by 5.8% on an annualized basis to 2.865 million tons, according to the Ministry of Energy and Coal Industry. In the first four months of the year, Ukraine produced 11.236 million tons of coal, which is 14% lower than last year. Thermal coal... 17.05.2018  12:33

• NPGU: "ArcelorMittal Kryvyi Rih" suspended work On Wednesday, May 16, from 7 am at PJSC "ArcelorMittal Kryvyi Rih", the workers of the first shift of the railway workshop began to act according to the instructions. This was reported in the Confederation of Free Trade Unions of Ukraine with reference to the chairman of the local primary cell of... 16.05.2018  22:23