Metallurgy news

• China invests in steel production in ASEAN countries To improve steelmaking capabilities and environmental controls, the Chinese government has successfully minimized the country's obsolete steel capacity. It managed to eliminate a total of 120 million tonnes of overcapacity between 2016 and 2017, with a further 30 million tonnes of capacity... 05.06.2018  11:22

• Europe prepares response to US steel and aluminum tariffs In the first half of July, the European Commission is to submit a list of US products that will be covered by the higher duty in Europe. Higher duties may be imposed on alcohol and cosmetics, among others. In Berlin on June 4, one of the topics discussed in the EU was the situation after the... 05.06.2018  11:09

• Metinvest launched an innovative railway station at Avdiivsky coke plant Thanks to the investments of the Metinvest Group in the amount of UAH 24 million, the Uglekoksovaya-1 railway station was modernized at the Avdiivka Coke Plant. The turnouts and traffic lights along the entire route are controlled automatically. It is enough to set the start and end point of the... 04.06.2018  11:34

• Production of Iranian iron ore concentrate is growing Iran's major producers reported a 30% increase in iron ore concentrate production in the first month of the current Iranian year from March 21, 2018. But the country's exports of products are under the threat of US sanctions. At the same time, Trump's threat of sanctions against EU companies... 04.06.2018  10:45

• The US poses the risk of destabilizing the global economy French Finance Minister Bruno Le Meir said that by introducing import duties on rolled steel and aluminum for partners, the United States risks destabilizing the world economy. “In a clash with America, the Europeans will gain nothing if they show weakness,” he added. On Friday, steel and alu... 04.06.2018  10:09

• Political Uncertainty Holds Down Expansion of Ilva Production Troubled Italian steel mill Ilva is set to further boost productivity following the recently relaunched heavy slab production at its site in Taranto. However, a complete reboot of the company remains in limbo due to continuing uncertainty in Italian politics. Heavy plate production was resumed... 03.06.2018  12:24

• AK Steel Introduces New High Performance Electrical Steel AK Steel has announced the launch of a new category of electrical steels for use in high voltage and supervoltage power transformers. The new product range is expected to help power transformer manufacturers achieve significant improvements in the overall efficiency of their products. The new... 01.06.2018  10:06

• India controls duty-free gold imports from Russia The Indian government is considering a proposal to import gold from Russia to support the gem and jewelry export sector. This was announced by Minister of Trade and Industry Suresh Prabhu during an interview. The proposed scheme, if implemented, will help the country save currency, as well as... 01.06.2018  09:56

• Iron ore price remains above $ 60 per ton The world price for iron ore should not fall below $ 60 per tonne, Brazilian Secretary General Vale Fabio Schwarzman said. The chief executive addressed the Brazilian Investment Forum in Sao Paulo. This is the estimated “baseline” for the product during 2018. This happens when the iron ore mar... 31.05.2018  09:34

• Scrap metal use in steel production increased in 2017 The global use of ferrous scrap for the steel industry rose to a higher level of steel production last year, according to a report by the Bureau of International Recycling (BIR) published at its annual conference in Barcelona. This led to an increase in the share of EAF steel production globally... 31.05.2018  09:28