Metallurgy news

• Excessive supply of rolled metal in the EU will be balanced in 2018 While growth and imports of domestic production are increasingly outstripping exports, the latest forecast by the World Steel Association, published in April, suggests that EU demand will grow 2% in 2018 to 165.6 million tonnes, and there will be a decline in supply. if current levels of production... 03.05.2018  10:08

• USA introduces anti-dumping on wire rod imports The United States will levy anti-dumping duties on imports of carbon and alloy steel wire rods because of their detrimental effects on domestic industries, the US Chamber of Commerce said Tuesday. The US International Trade Commission said it determined that the domestic industry was "materially... 03.05.2018  09:52

• US decision increases market uncertainty The US decision to postpone the entry into force of EU duties on steel and aluminum until June 1 prolongs the uncertainty in the rolled metal market, which is already affecting business decisions. The future of free trade in Europe and in the world will be one of the topics of the session during... 02.05.2018  12:15

• Kobe Steel continues to be at the center of the scandal The criminal investigation ushers in a new round of scandal that began when Kobe Steel admitted last October to widespread product quality certification data fraud, causing disruptions in global supply chains. The company's shares fell 4.3 percent to 0349 GMT. Kobe Steel, a Japanese company that... 02.05.2018  12:02

• Australian regulators expand lawsuits against Rio Tinto The Australian corporate regulator has expanded its legal action against Rio Tinto Ltd and two former executives over assets in Mozambique. The Australian Securities and Investment Commission launched legal action against Rio Tinto, former CEO Thomas Albanese and former CFO Guy Elliott in March,... 02.05.2018  09:49

• The US President postponed the introduction of duties on steel for the EU and several other countries until June 1 US President Donald Trump has postponed the introduction of tariffs on steel and aluminum across the European Union, Mexico and Canada until June 1, pending negotiations with them, the White House said in a statement. According to the statement, the administration has reached agreements in... 01.05.2018  18:20

• In March 2018, global steel production grew by 4% World steel production from 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes in March 2018, up 4.0% from March 2017. Global steel production was 426.6 million tonnes in the first three months of 2018, up 4.1% over the same period in 2017. Asia produced... 27.04.2018  14:07

• Rusal Situation Helps Strengthen Steel in Automotive Industry For decades, aluminum has fought an epic battle to remove the dominance of rolled steel from the automotive industry. Sharp demand for more fuel efficient vehicles has helped lighter metals gain market share - despite their higher cost. But recent gains of aluminum this month have been... 27.04.2018  13:59

• Zaporizhstal completed the ecological modernization of the sinter plant Zaporizhstal of Metinvest Group completed an important environmental project - modernization of gas cleaning systems of sintering machines No. 1-6. Investments in the project amounted to more than UAH 1.2 billion. “We have reconstructed the gas cleaning systems of sintering machines No. 1-6 s... 26.04.2018  11:19

• In the first quarter, POSCO increases operating profit by 9% South Korean steel company POSCO said its operating profit for the first quarter of 2018 increased 9 percent year-over-year on strong steel demand and favorable market conditions, ahead of analysts' estimates. The world's fifth-largest steelmaker said in his report that he expects demand for... 25.04.2018  10:57