Metallurgy news

• China Iron and Steel Association marks significant growth since April 1 According to CISA, steel production at the factories owned by the member companies of the Iron & Steel Association averaged 1.876 million tonnes per day between April 1-10, which is 5.04% higher than 10 days before. This is against the 0.07% decline for March 21-31 compared to 10 days earlier.... 25.04.2018  09:39

• Ukrmetallurgprom and World Steel Dynamics signed a memorandum of cooperation The Ukrmetallurgprom Association of Enterprises and World Steel Dynamics (USA) signed a Memorandum of Cooperation, which provides for a joint solution of issues to optimize and improve the efficiency of metallurgical production in Central and Eastern Europe and the EU-28 in cooperation with EUROFER... 25.04.2018  09:29

• BHP cuts iron ore forecast for 2018 BHP Billiton Ltd cut its 2018 iron ore mining guidance on Thursday, citing problems in its railcar unloading system, posting an 8 percent increase in iron ore production in the third quarter. The miner cut its financial projections for 2018 to 272-274 million tonnes of iron ore from 275-280... 24.04.2018  09:27

• Prices for rolled metal are growing in China Chinese steel futures climbed to their strongest level in five weeks, keeping inventories on the rise in construction demand, with iron ore rising to a one-month high. Coke futures also surged to a five-week high, surging more than 4 percent, and a group of small Chinese producers are... 24.04.2018  09:20

• Peru expects billions of dollars in investment in the mining sector Peru is the world's second largest copper producer and the sixth largest gold producer. The Peruvian Ministry of Energy and Mines announced today that it is expected to reach $ 20.8 billion in investment between 2018 and 2022, with 10 percent of such investment filling the country's treasury by... 24.04.2018  09:10

• New steel plant under construction in Austria for the first time in 40 years Industrial giant Voestalpine is building a € 350 million plant in Kapfenberg, southwest of Vienna, which is expected to be fully automated. The construction work itself should take three years and create up to 1,000 jobs. Work within the plant itself will be digitized, which means more careful m... 23.04.2018  09:03

• India is ready for foreign investment in metallurgy India's new steel projects will boost steel production capacity to 150 million tonnes by 2020. The sector has tremendous growth potential as the country becomes the second largest steel producer in the world with increasing domestic consumption. Foreign players such as Posco, ArcelorMittal and... 23.04.2018  08:56

• China bans import of 16 more sources of scrap metal A posting on the website of the Ministry of Ecology and the Environment identified the following 16 categories of waste that will be banned from imports at the end of 2019. This list includes, among others, scrap stainless steel, titanium, zinc and magnesium. The Chinese Ministry has announced a... 21.04.2018  09:59

• Russia wants to receive compensation from the United States for duties on steel and aluminum Russia has asked the World Trade Organization (WTO) to recover damages caused by the US import duties imposed by the administration of President Donald Trump on steel and aluminum. WTO members may not comply with certain WTO rules if they prove that they impose tariffs only to ensure national... 21.04.2018  09:46

• Poland's fight against carbon dioxide emissions threatens thousands of jobs Poland's energy-intensive industries, which include metallurgy, are expected to move companies to other regions of the world in the coming years, where no one cares about the fight against carbon dioxide emissions. Electricity prices in Poland are higher than those of its neighbors, which leads... 18.04.2018  09:55