Metallurgy news

• Growing imports of steel products raises concerns in the EU The increase in imports mainly concerns rails, profiles, wire rods, rebar and, to a lesser extent, pipes. Imported products include, among others, products from Russia, Ukraine, Belarus, Moldova and Turkey. For example, in the first quarter of this year, more than 360,000 tons of steel arrived... 11.06.2018  12:45

• Australian coal prices hit 6-year high Australian thermal coal prices climbed to their highest level since 2012 as hot weather in North Asia spurs buying ahead of the peak summer demand season. The latest coal prices for export from Australia's Newcastle terminal finally closed at $ 115.25 per tonne, the highest since February... 11.06.2018  11:02

• US-EU standoff over steel and aluminum tariffs intensifies after G7 Europe will conduct countermeasures against US steel and aluminum tariffs, German Chancellor Angela Merkel said Sunday, expressing regret over President Donald Trump's harsh decision to withdraw from the G7 communique. Trump left the G-7 summit in Canada before its conclusion, abandoning a joint... 11.06.2018  10:34

• Europeans and Canadians disappointed with President Trump's behavior Canadian Prime Minister Trudeau said trade and climate change could be a source of disagreement among the G7 leaders at the Charlevoix summit, but issues related to global security or economic growth will be a platform for reaching agreement. Trudeau was interviewed by Global News on Wednesday... 08.06.2018  11:46

• Blast furnaces of Ukraine met at Zaporizhstal within the framework of a scientific and technical conference On the basis of the Zaporizhstal Combine, from June 7 to 8, 2018, an annual scientific and technical conference of blast furnaces "Experience of reconstruction of BF # 3 at Zaporizhstal Combine" is held. More than 100 scientists, managers, experts in blast-furnace production from all over Ukraine... 08.06.2018  11:17

• Clash between EU and US is inevitable in a trade war The European Union may impose preliminary measures to protect its steel industry from steel and aluminum imports, initially considering as early as July, although a full investigation will take nine months, said EU Trade Commissioner Cecilia Malmstrom. Trump has justified the metals tariffs,... 06.06.2018  12:53

• Iran imposes restrictions on steel exports Iran has introduced a requirement that all steel exports include a certificate of origin. This is done in order to better track shipments overseas and hold in foreign currency received for export. Prior to this, some traders bought steel domestically and exported it at unofficial black market... 06.06.2018  12:40

• Brazil announces US steel export quotas Brazil's Ministry of Industry, Foreign Trade and Services (Mdic) has confirmed the introduction of a quota system for steel exports to the United States. This is to avoid section 232 tariffs. “Restrictive measures are the sole responsibility of the United States and are administered by its a... 06.06.2018  12:33

• 11 people killed in an explosion at a mine in China Eleven people were killed and nine injured in an explosion at an iron mine in northeastern China in Benxi, Liaoning province. 25 people are still trapped underground. The wounded were taken to the hospital. More detailed information is not provided. Mine accidents are frequent in China. In... 06.06.2018  12:29

• Stainless steel prices vary widely across markets The stainless steel market across regions of the world reacted differently to the announcement by the United States in early March 2018 of 25 percent tariffs on steel imports and 10 percent on aluminum. Uncertainty remained as temporary delays were given to shipments from selected countries... 05.06.2018  11:44