Metallurgy news

• Brazil delays implementation of countervailing duty on Chinese steel The Brazilian Trade Secretariat has imposed a countervailing duty of up to US $ 425.22 per tonne on rolled steel from China for five years. In the Brazilian Official Gazette, Camex confirmed the existence of "subsidies for the export of hot rolled flat products from China to Brazil and the... 24.05.2018  10:42

• Steel plant in Ostrava may be bought by Czech billionaire from ArcelorMittal Czech billionaire Tomas Crenek is interested in buying from the ArcelorMittal plant in Ostrava. He is already a co-owner of a metallurgical plant in Trinec. Czech media reported that the first meeting for the purchase of ArcelorMittal Ostrava took place. At the moment, however, there are no... 24.05.2018  10:33

• The European Union is united on trade with the United States The EU is looking for a permanent exemption from the 25% duty on steel, introduced by the US in March, and 10% on aluminum. The United States exempted the EU "28" of these surcharges, but only until June 1. The question arises as to whether it is realistic to conclude a sectoral trade agreement... 23.05.2018  09:54

• Azovstal stopped converter # 2 for scheduled repair The Azovstal metallurgical plant stopped converter # 2 for an eight-hour scheduled preventive maintenance to carry out maintenance work on the gas cleaning equipment. As part of the short-term repairs, the design parameters of the environmental systems will be restored, the air ducts will be... 23.05.2018  09:49

• Results of metallurgical enterprises of Ukraine for April and 4 months of 2018 In April 2018, 1.65 million tons of pig iron were smelted in Ukraine, which is 2% lower than in March 2018; 1.72 million tonnes of steel, up 0.5%, and 1.51 million tonnes of rolled metal products. A slight decrease in the level of pig iron production in April was due to the repair work carried... 22.05.2018  10:21

• 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