Metallurgy news

• Gazprom refuses to pay compensation to Ukraine Russian Gazprom refuses to pay compensation to Naftogaz of Ukraine, which was provided to this state-owned company by the Arbitration Tribunal in Stockholm, the press service of Naftogaz said on Tuesday, recalling that it is almost 2.6 billion US dollars. According to the Ukrainian company,... 28.03.2018  09:55

• Eurofer: the market must be protected from US-banned steel The EU steel industry has been exempted from tariffs on US steel imports, but other issues need to be addressed now. The European Commission has confirmed the start of a process aimed at mitigating the effects of market shocks that could trigger US tariffs. This procedure applies to 26 types of... 28.03.2018  09:50

• China will not export obsolete capital goods Over the years, China has been phasing out overcapacity in the steel sector. At the same time, the Minister of Industry and Information Technology of China, Miao Wei, assured: “China will not export obsolete capital goods, eliminated in the process of reducing excess production capacity, to other c... 27.03.2018  13:20

• World steel production is growing In February, the world produced 131.8 million tons of steel, which means an increase of 3.5% in comparison with the previous year. China produced 64.9 million tonnes of steel, up 5.9 percent from a year ago, despite shutting down substantial production capacity. Among the most important steel... 27.03.2018  12:37

• US decision to postpone EU steel tariffs unites Europe According to European Commission President Jean-Claude Juncker, the Trump administration's decision to postpone EU steel duties until May 1 is both good and bad news for the European Union. “This is good and bad news. The United States is our main partner, especially in trade, and the United S... 25.03.2018  11:46

• Trade war could threaten the global economy World Trade Organization (WTO) Director General Roberto Azevedo has called on states to engage in WTO dialogue to end trade disruptions in the global economy. “Disruptions in world trade will threaten the global economy during economic recovery,” Azevedo said at the WTO meeting in Gen... 25.03.2018  11:34

• 2018 will be another good year for coal For the first time this year, on March 19, coal prices at ARA ports (Antwerp-Rotterdam-Amsterdam) fell below $ 80 per tonne. On Wednesday, March 21, deals were closed at USD 78.61 per tonne. However, the analytical agency for industrial development notes that the decline in coal prices is a... 24.03.2018  13:19

• US puts forward unrealistic deadline for harmonizing trade policy with EU European Commission President Jean-Claude Juncker believes the May 1 deadline set by the United States for the EU to negotiate trade relations with the United States is unrealistic. At a summit in Brussels, EU leaders called on the US to permanently exclude the European Community from the new... 24.03.2018  13:10

• Russia will soon introduce new plants for the production of aluminum Outside of China, CRU expects Russia to have the maximum number of aluminum smelters. The most significant among them will be the Taishet project from UC Rusal. CRU, a leading research and analytics group, has predicted that Russia is likely to add maximum aluminum smelting capacity outside of... 23.03.2018  13:46

• New steel in Europe Competing with cheaper producers from outside the European Union, the European steel industry is focusing on innovation and new technologies. More advanced products allow for higher safety margins. Industry improves production efficiency. Aditya Mittal, CEO of ArcelorMittal Europe and Group CFO,... 23.03.2018  13:37